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Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast

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  • Watsco, Inc. completed its acquisition of The Granite Group, a diversified plumbing & HVAC distributor with approximately $500 million in sales across seven Northeast states.
  • The Granite Group, founded in 1971, serves roughly 11,000 customers from 82 locations in New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island, & New York.
  • The Granite Group offers approximately 29,000 SKUs sourced from over 450 vendors & has achieved a 10% annual compounded sales growth rate since 2010.
  • The acquisition strengthens Watsco's market position, scale, & product diversification within the fragmented North American plumbing distribution sector.
  • The Granite Group will operate independently under its existing management team led by CEO Bill Condron.
  • This deal marks Watsco's second major acquisition in 2026, following the June purchase of Jackson Supply Company.
  • Since 1989, Watsco has acquired 74 businesses in the HVAC & plumbing markets, adhering to a "Buy & Build" strategy that supports leadership, honors culture, & deploys advanced technology.
  • Watsco aims to expand its relatively low market share of the estimated $74 billion North American distribution marketplace through continued acquisitions.
  • Watsco maintains a solid balance sheet & utilizes AI-driven initiatives to enhance customer experience & maintain a competitive technological advantage.
  • The announcement includes forward-looking statements regarding expected financial results, operational growth, & potential risks such as economic changes or regulatory factors.