secwatch.observer — SEC 8-K summary
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Issuer:     WATSCO INC (WSO)
CIK:        0000105016
Form:       8-K
Filed at:   2023-09-05T23:59:59+00:00
Accession:  0001193125-23-228629
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Watsco completes $103M acquisition of Gateway Supply plumbing/HVAC business
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- Purchase price of $103M paid with $4M cash and 280,215 shares of common stock.
- Acquisition closed September 1, 2023; per previously reported July 28, 2023 purchase agreement.
- Of the shares issued, 21,228 are subject to 1- and 2-year lock-up restrictions.
- Shares issued in unregistered offering under Section 4(a)(2) and Rule 506; resale registration rights granted.
- Acquires substantially all assets and certain liabilities of Gateway Supply Company's plumbing/HVAC distribution business.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/105016/000119312523228629/0001193125-23-228629-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/105016/000119312523228629/d543445d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-228629

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