Watsco announces $230M Jackson Supply acquisition; Gree distribution dispute surfaces

Filed May 8, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Watsco agreed to acquire Jackson Supply Company, a $230M-revenue HVAC distributor with 25 locations across seven Sunbelt states. Transaction expected to close Q2 2026 pending regulatory approval, representing material geographic expansion.

  MD&A: Jackson Supply acquisition verify on EDGAR →
• high

  Legal dispute with Gree Electric over whether exclusive distribution agreement auto-renewed for 10 years. Gree filed suit claiming termination; Watsco counterclaimed asserting renewal. Gree products represent <3% of revenue but interruption could adversely impact results.

  MD&A: Gree Agreement dispute verify on EDGAR →
• high

  Residential HVAC equipment sales declined 2% in Q1 2026 vs. 2% growth in Q1 2025. Ducted compressor-bearing system unit volumes fell 8% (vs. -5% prior year), attributed to lingering A2L transition disruption, lower home building, and reduced consumer replacement spending.

  MD&A: HVAC equipment sales performance verify on EDGAR →