News





Watsco Completes Peirce-Phelps Acquisition

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Adds $206 Million in Sales and 19 Locations in New Markets. Continuation of Buy-and-Build Strategy to Expand Industry-Leading Network MIAMI, FLORIDA – (GLOBENEWSWIRE), August 2, 2019 – Watsco, Inc. (NYSE: WSO) announced that it has completed the acquisition of the HVAC business of Peirce-Phelps, Inc. Founded in Philadelphia in 1926, Peirce-Phelps has current annual sales… Read more »


Watsco Reports Record Second Quarter Results

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Record First-Half Operating Cash Flow; Continued Investments in Technology and Network Expansion; Announced Purchase of $206 Million HVAC Distributor Peirce-Phelps, Inc. MIAMI, FLORIDA – (GLOBENEWSWIRE), July 18, 2019 – Watsco, Inc. (NYSE: WSO) reported its second quarter results. Record sales and net income attributable to Watsco was achieved for the quarter and six-month periods ended… Read more »


Watsco To Acquire Peirce-Phelps, Inc. – $206 Million Philadelphia-Based HVAC Distributor

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MIAMI, FLORIDA – (GLOBENEWSWIRE), July 18, 2019 – Watsco, Inc. (NYSE: WSO) announced today that it has signed an agreement to acquire the HVAC business of Peirce-Phelps, Inc. Closing of the transaction is subject to customary conditions and is expected to occur within the next 30 days. Peirce-Phelps will operate as a separate business of… Read more »




Watsco Declares $1.60 Quarterly Dividend

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MIAMI, July 01, 2019 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced today that its Board of Directors has declared a regular quarterly cash dividend of $1.60 on each outstanding share of its Common and Class B common stock. The cash dividend is payable on July 31, 2019 to shareholders of record at the close of business on July 16, 2019. Watsco has paid dividends… Read more »