HD Supply, Orlando, FL, will not move forward with its deal to sell its HVAC business to Watsco, Coconut Grove, FL, HD Supply spokeswoman Erica Crosling confirmed to MDM.
The potential sales of the HVAC business to Watsco was always dependent up on a transaction that was beneficial for our customers and associates, and maximized value for the company," Crosling said. "After carefully weighing the options and taking these concerns into consideration, we have decided to retain and grow our HVAC business."
Watsco had signed a letter of intent to buy the HD Supply branches that sell Rheem.
HD Supply's deal with Pro-Build Holdings to buy its lumber and building materials division will go forward.