Watsco, the largest distribution network for heating, air conditioning and refrigeration products, and Carrier Global, a heating, ventilation, and air conditioning company, agreed to acquire Temperature Equipment, a wholesale HVAC distribution company. "TEC is one of the most iconic, entrepreneurial, long-standing family businesses in our industry. Skip Mungo and his team have built a great company and they will continue TEC’s focus on growth with their name, identity and unique culture in what will be new markets for our company. We look forward to supporting their growth with capital, ideas, technology and our industry relationships to build on their historical success. We are pleased to become part of the TEC family," Albert H. Nahmad, Watsco Chairman and CEO.