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2017 Top 10 HVACR & Plumbing Distributors

02. Watsco - Top HVACR/Plumbing Distributors

Company Profile

Watsco Inc. logo

Contact Information


Headquarters: Miami, FL
2016 Revenues: $4.2 billion
Change in Sales from 2015: 2.6%
Locations: 565
Employees: 5,050
2016 Acquisitions: 10% of Carrier Enterprise Northeast joint venture
Key Executives: Albert H. Nahmad, chairman & CEO; Aaron "AJ" Nahmad, president; Barry Logan, senior vice president; Ana Menendez, CFO

The largest market for Watsco is the U.S., specifically the Southeast. President Aaron "A.J." Nahmad – who was appointed to that position in early 2016 and is the son of Watsco CEO Albert Nahmad – is spearheading the company's digital transformation efforts, including heavy investment in e-commerce, data and even a mobile app. "We continue to invest in several innovative technologies to transform our business and, more importantly – or as importantly – that of our customers into the digital age," Albert Nahmad said on the third-quarter 2016 earnings call with analysts. "We're going to take this technology thing and change what we do to help our contractors be much more efficient and more loyal to everything that we're doing."

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