Watsco Completes Distribution Joint Venture With Carrier

MIAMI--Watsco, Inc. announced that it has completed its distribution joint venture transaction with Carrier Corporation, adding Carrier Corporation's HVAC distribution operations in Mexico to their existing joint venture. Carrier's company-operated Mexico distribution network began operations in 1947 and had revenues of $80 million during the most recent twelve months ended June 2011, operating from six locations and has 90 employees servicing its customer base.

MIAMI--Watsco, Inc. announced that it has completed its distribution joint venture transaction with Carrier Corporation, adding Carrier Corporation's HVAC distribution operations in Mexico to their existing joint venture.

Carrier's company-operated Mexico distribution network began operations in 1947 and had revenues of $80 million during the most recent twelve months ended June 2011, operating from six locations and has 90 employees servicing its customer base. The company will market Carrier's complete product line from duct free split systems through the applied commercial systems. The Mexican market has an estimated $2.0 billion market potential for HVAC equipment and commercial refrigeration products and supplies.

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