M&A
confidence high
sentiment positive
materiality 0.70
Watsco to acquire Granite Group Holdings for $505.0M in cash and stock
WATSCO INC
- Aggregate consideration $505.0M; 80% cash, 20% Watsco common stock.
- Granite Group is a diversified plumbing/HVAC distributor with ~$500M sales across seven Northeast states.
- Estimated 324,257 shares to be issued based on recent 10-day VWAP; actual count subject to closing adjustments.
- Closing conditioned on HSR waiting-period expiration and other customary closing conditions.