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In The News:

2011 MDM Market Leaders: Top HVACR/Plumbing/PVF Distributors No. 3

Watsco

June 10, 2011
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Headquarters: Miami, FL
2010 Revenues: $2.8 billion
Change in sales: 40%
Employees: 4,000
Locations: 505
Key Executives: CEO Albert Nahmad; SVP Barry Logan; CFO Ana Menendez

Watsco is a distributor of air conditioning, heating and refrigeration equipment and related parts and supplies, currently operating over 500 locations in the U.S. and Puerto Rico, with additional market coverage on an export basis to parts of Latin America and the Caribbean. After reported a sales increase of 5 percent in the first quarter 2011, president and CEO Albert H. Nahmad said: "We are encouraged that our basic fundamentals – continued acceptance of higher-efficiency HVAC systems in both residential and commercial markets, an obsessive desire to gain market share, ever-improving operating efficiency and strategic use of our balance sheet to grow our business – should produce a record year of performance in 2011." This year, Watsco completed another joint venture transaction with Carrier Corp. that includes Carrier's company-operated HVAC distribution network in the northeast U.S. The network had revenues of $210 million in 2010.

No. 4: Hajoca (incl. EMCO)

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