Watsco Inc. (NYSE: WSO), Miami, Florida, on Monday announced that it has completed the $291 million acquisition of Temperature Equipment Corp.
Founded in Chicago in 1935, TEC serves approximately 10,000 HVAC customers from 32 locations in Illinois, Indiana, Kansas, Michigan, Minnesota, Missouri and Wisconsin. TEC generated sales of $291 million in 2020 and provides a broad product offering including residential, light-commercial and applied HVAC systems from Carrier as well as parts, supplies and accessories sourced from approximately 1,200 vendors.
Click here to read more in our original report on this deal.
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