M&A
confidence high
sentiment neutral
materiality 0.75
Watsco to acquire Jackson Supply's HVAC distribution business for $198M in stock
WATSCO INC
- Watsco to issue ~458,985 shares (~$198M) to acquire Jackson Supply's HVAC distribution business.
- $25M of the consideration shares placed in escrow for up to 12 months for purchase price adjustments and indemnification.
- Closing subject to regulatory approval and customary conditions; no specific date given.
- Shares issued in reliance on Section 4(a)(2) exemption; seller represented as accredited investor.