Watsco to acquire Jackson Supply's HVAC distribution business for $198M in all-stock deal

Filed April 29, 2026 · Period ending April 23, 2026 · ~1 min read

Key Changes

• high

  Watsco agreed to buy Jackson Supply's HVAC distribution business for $198 million, paid entirely in stock rather than cash. Based on recent trading prices, this would result in issuing approximately 459,000 new shares, diluting existing shareholders.

  Item 1.01: Asset Purchase Agreement view on EDGAR →
• high

  The purchase price is fixed at $198 million (net of debt and expenses), but the number of shares issued will depend on Watsco's stock price during the 10 trading days before closing, creating uncertainty about final dilution.

  Item 1.01: Purchase Consideration view on EDGAR →
• medium

  $25 million worth of the issued shares will be held in escrow for up to 12 months after closing to cover potential purchase price adjustments and seller indemnification obligations.

  Item 1.01: Escrow Terms view on EDGAR →