Watsco completed the acquisition of Gateway Supply Company.

Transaction Tags

• Domestic
• Completed
• Single Bidder
• United States
• HVAC and plumbing maintenance
• Maintenance Repair and Overhaul (MRO)
• Acquisition
• Majority
• Private
• Friendly

Synopsis

Watsco, an air conditioning, heating and refrigeration equipment distributor, completed the acquisition of Gateway Supply Company, a plumbing and HVAC products distributor. Financial terms were not disclosed. “We are pleased to welcome Gateway to the Watsco family. We have deep admiration for the company’s culture and impressive track record of growth. Gateway will continue to be led by its second-generation family members Chris, Sam and David Williams. We look forward to investing in Gateway’s expansion, including leveraging our customer-focused digital technology and supporting Gateway’s customers and employees as part of our family,” Albert H. Nahmad, Watsco Chairman and CEO.

Sources