Watsco issues estimated 324,257 unregistered shares in $505 million Granite Group deal
WSO•Closing conditions
Closing requires customary conditions, including Hart-Scott-Rodino clearance.
Estimated stock portion and share issuance
The stock portion is estimated at 324,257 shares, based on the 10-day VWAP ended Sept. 16, 2026; the final share count may change.
The shares will be issued in an unregistered offering under Securities Act Section 4(a)(2) and Rule 506(b) of Regulation D.
Watsco agrees to buy Granite Group Holdings
Watsco entered a merger agreement to buy Granite Group Holdings, a plumbing and HVAC distributor with about $500 million in sales.
Total consideration is set at $505 million, subject to post-closing adjustment; 80% cash and 20% paid in Watsco common stock.
Related News
Halozyme director Matthew L. Posard disposes of common shares worth USD 2.02 million
HALO•
Jack in the Box files initial beneficial ownership statement for EVP, President Taylor K Montgomery
JACK•
