Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast
Watsco completed its acquisition of The Granite Group, a plumbing and HVAC distributor with roughly $500 million in annual sales across seven Northeast states. Granite brings ~11,000 customers, 82 locations, and ~29,000 SKUs, and has compounded sales at 10% annually since 2010; it will operate independently under CEO Bill Condron.
Key figures
- Deal Value Usd
- 0
- Target skus
- 29000
- Target revenue
- $500 million
- Target vendors
- 450
- Target customers
- 11000
- Target locations
- 82
- Northeast states covered
- 7
- Target sales cagr since 2010
- 10%
AI analysis
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