Watsco buys New York distributor
3rd December 2019USA: Watsco, the USA’s largest distributor of air conditioning, heating and refrigeration equipment, has acquired N&S Supply of Fishkill, New York.
N&S Supply, a distributor of air conditioning, heating and plumbing products, had revenues of approximately $44m over the last twelve months.
Founded in 1946, N&S Supply operates seven locations in the Hudson Valley of New York and Connecticut.
The acquisition expands Watsco’s sales presence in the Northeast US, which has grown from approximately $70m in 2010 to a present run-rate of over $700m. N&S Supply complements other Watsco acquisitions completed in 2019, including the purchase of Dasco Supply, based in Whippany, New Jersey, Peirce-Phelps based in Philadelphia, Pennsylvania and an incremental 20% ownership in Homans Associates based in Wilmington, Massachusetts.
Since 1989, Watsco has acquired over 60 businesses to become the established industry leader.
