Watsco JV Acquires 35% Ownership Of Russell Sigler - Quick Facts

(RTTNews) - Watsco Inc. (WSO) announced its Carrier Enterprise business unit, a joint venture between Watsco and Carrier, has acquired 35% ownership of Russell Sigler, Inc. for approximately $63.6 million. Watsco has exclusive rights to purchase ownership interests from current shareholders that may elect to sell in the future.

Russell Sigler, Inc. is one of the largest HVAC distributors in North America with annual sales of approximately $650 million. It serves over 10,000 customers from 30 locations throughout Arizona, California, Idaho, New Mexico, Nevada and portions of Texas.