Watsco agrees to acquire Granite Group plumbing, HVAC distributor - WSO News | RalliesWatsco agrees to acquire Granite Group plumbing, HVAC distributor
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WSO• Watsco to acquire The Granite Group
- Watsco agreed to acquire The Granite Group, a Northeast distributor of plumbing and HVAC products with about $500 million in annual sales.
- The Granite Group, founded in 1971 and based in Concord, New Hampshire, operates 82 locations across seven Northeast states.
- The business serves about 11,000 customers and carries roughly 29,000 SKUs sourced from more than 450 vendors.
- The Granite Group will continue to run independently under CEO Bill Condron, with closing subject to customary conditions.
- The deal expands Watsco’s footprint in plumbing distribution, adding scale and market density in the Northeast.
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