Watsco, Inc. (NYSE:WSO) will look for acquisitions. Albert Nahmad, Chairman and Chief Executive Officer said, "We have plenty of capacity and even more ambitions to grow our company both organically and through acquisitions".
Watsco, Inc. is engaged in the distribution of air conditioning, heating and refrigeration equipment and related parts and supplies (HVAC/R) in the HVAC/R distribution industry in North America. It sells a range of non-equipment products including parts, ductwork, air movement products, insulation, tools, installation supplies, thermostats, and air quality products. The Companyâs products include condensing units, compressors, evaporators, valves, refrigerants, walk-in coolers, and ice machines for industrial and commercial applications. It distributes products manufactured by Flexible Technologies, Inc. (Flexible Technologies), Resideo Technologies, Inc. (Resideo), Southwark Metal Mfg. Co. (Southwark), Johns Manville (Johns Manville), and Owens Corning Insulating Systems, LLC, among others. It operates in approximately 689 locations. It is also involved in the sales of air conditioning, heating, and refrigeration equipment, and related parts and supplies.