Watsco Completes Acquisition of Jackson Supply Company
Rhea-AI Summary
Watsco (NYSE: WSO) has completed its acquisition of Jackson Supply Company, a major HVAC distributor founded in 1972 with $230 million in 2025 sales.
The deal adds 25 locations and about 5,000 contractor customers across seven Sunbelt states, supporting Watsco’s strategy to grow its share of the $74 billion North American HVAC/R distribution market.
AI-generated analysis. Not financial advice.
Positive
- Acquisition adds $230 million of 2025 Jackson Supply sales
- Expansion by 25 new locations across seven Sunbelt states
- Approximately 5,000 additional contractor customers added
- Supports pursuit of $74 billion North American HVAC/R market
- Retained Jackson Supply leadership and brand to preserve continuity
Negative
- None.
News Market Reaction – WSO
On the day this news was published, WSO gained 1.22%, reflecting a mild positive market reaction. This price movement added approximately $181M to the company's valuation, bringing the market cap to $14.98B at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
WSO was down 2.08% while key peers showed mixed moves (e.g., POOL +0.52%, FERG +1.06%, QXO -2.27%), indicating a stock-specific reaction rather than a broad sector move.
Previous Acquisition Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 28 | Acquisition agreement | Positive | -4.0% | Definitive agreement to acquire Jackson Supply, expanding Sunbelt HVAC presence. |
| May 05 | Multiple acquisitions | Positive | +1.4% | Completion of three 2025 acquisitions adding locations and ~$47M in annualized sales. |
Acquisition announcements have produced mixed reactions, with one negative (-4.03%) and one positive (+1.44%) move and an average move of -1.3% on such news.
Over the last year, Watsco has used acquisitions to expand its HVAC/R distribution footprint, including the Jackson Supply deal and the Southern Ice-led group of distributors. Past acquisition headlines produced both a -4.03% and a +1.44% move, reflecting varied market responses. Today’s closing of the Jackson Supply transaction continues this roll-up approach, reinforcing Watsco’s strategy of adding locations, sales and customers across key Sunbelt markets while keeping local brands and leadership intact.
Historical Comparison
In the past, Watsco’s acquisition headlines produced an average move of -1.3%, with one Jackson Supply announcement at -4.03% and another 2025 deal at +1.44%, showing mixed reactions.
The Jackson Supply closing follows earlier acquisition announcements, extending Watsco’s long-running buy-and-build strategy across the Sunbelt HVAC/R distribution network.
Market Pulse Summary
This announcement confirms Watsco’s acquisition of Jackson Supply, a long-established distributor with $230 million in 2025 sales, 25 locations and roughly 5,000 contractor customers. The deal builds on Watsco’s buy-and-build history in the $74 billion HVAC/R distribution market and retains Jackson’s brand and leadership. Investors may track how this Sunbelt expansion contributes to revenue growth, operating metrics and network scale in upcoming earnings and regulatory filings.
Key Terms
hvac technical
hvac/r technical
AI-generated analysis. Not financial advice.
MIAMI, June 02, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today the closing of its acquisition of Jackson Supply Company.
Jackson Supply has been a cornerstone of the HVAC distribution industry for more than 50 years, growing from its founding in 1972 into one of the Sunbelt’s largest and most respected independent distributors, with
Importantly, Jackson Supply will retain its name, vendor relationships, go-to-market strategy, brand identity, and culture – core elements that have driven its success. Jackson Supply will continue to be led by its existing leadership team, consistent with Watsco’s long-standing approach of investing in outstanding leaders and proven cultures.
Albert H. Nahmad, Watsco’s Chairman and CEO, said: “We are thrilled to officially welcome Jackson Supply into the Watsco family. Jim Durrett and his exceptional team have built one of the most respected and entrepreneurial businesses in the HVAC distribution industry over more than five decades. We are humbled by their success and look forward to investing in their growth and supporting their ambitions for years to come.”
The closing of the Jackson Supply transaction underscores Watsco’s ongoing commitment to expanding its share of the estimated
About Watsco
Watsco is the largest distributor in the highly-fragmented North American HVAC/R market. Watsco’s solid financial position and culture of innovation has enabled investments in long-term growth, including the Company’s industry-leading technology platforms. Today, approximately 74,000 contractors, installers and technicians engage digitally with the Company, resulting in improved growth and lower attrition. The Company is now advancing AI-driven initiatives to leverage its extensive data assets to enhance the customer experience and improve efficiencies. These investments position Watsco to capture market share as contractors increasingly adopt digital tools and incorporate data-driven solutions in their businesses.
This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in economic, business, competitive market, new housing starts and completions, capital spending in commercial construction, consumer spending and debt levels, regulatory and other factors, including, without limitation, the effects of supplier concentration, competitive conditions within Watsco’s industry, the seasonal nature of sales of Watsco’s products, the ability of the Company to expand its business, insurance coverage risks and final GAAP adjustments. Detailed information about these factors and additional important factors can be found in the documents that Watsco files with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made. Watsco assumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law.
Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail: blogan@watsco.com
Watsco, Inc.
2665 S. Bayshore Drive, Suite 901
Miami, FL 33133, USA
(305) 714-4100
www.watsco.com
