Watsco completes acquisition of Granite Group
Bitget2026/10/12 11:30- Watsco completed its acquisition of The Granite Group, a plumbing and HVAC distributor with about $500 million in annual revenue.
- The Granite Group operates 82 locations across seven Northeast states, serving about 11,000 customers.
- The business will continue to run independently under CEO Bill Condron and the existing management team.
- The deal expands Watsco’s footprint in plumbing distribution, adding scale and product diversification in a fragmented market.
- It is Watsco’s second large acquisition in 2026, following the June purchase of Jackson Supply with about $230 million in annualized sales.
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