Watsco CEO to Independent Distributors: ‘This is a Time to Sell’
The HVACR distributor is on the hunt for businesses to buy, and on its latest earnings call, the CEO outlined why the company would be a good partner for anyone looking to sell.
The HVACR distributor is on the hunt for businesses to buy, and on its latest earnings call, the CEO outlined why the company would be a good partner for anyone looking to sell.
The plumbing distributor has opened its largest location in the area; the new store will also offer fire protection fabrication services.
Hal Grossman is being promoted to president on Aug. 1 and longtime COO Kevin Rahrig will retire on Dec. 24.
The transaction, announced earlier this month, “supports L&W Supply’s overall growth strategy,” according to the company’s president.
RBC is paying $2.9 billion to acquire the international manufacturer of highly engineered precision bearings and components for the industrial, defense and aerospace industries.