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The DAK Group Announces Sale of N&S Supply to America’s Largest HVAC/R Distributor

The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client N&S Supply, headquartered in Fishkill, NY, to Watsco Inc. (NYSE : WSO) the largest distribution network for heating, air conditioning and refrigeration products in the Americas. The DAK Group served as the exclusive investment banker and financial advisor to N&S Supply initiating and managing the process. “The owners of N&S Supply have built an outstanding… Read More

Peirce-Phelps, Inc. Joins the Family of Watsco and Carrier CE HVAC Distributors

Watsco, Inc. (WSO) announced recently that it has signed an agreement to acquire the HVAC business of Peirce-Phelps, Inc. Closing of the transaction is subject to customary conditions and is expected to occur within the next 30 days. Peirce-Phelps will operate as a separate business of Carrier Enterprise, LLC, a joint venture between Watsco and Carrier Corporation. Watsco owns 80% of Carrier Enterprise and Carrier owns 20%. Brian Peirce Peirce-Phelps was founded in Philadelphia, Pennsylvania… Read More

Watsco Completes Acquisition of DASCO Supply

Watsco, Inc. (NYSE:WSO) announced today that it has completed the acquisition of DASCO Supply, a distributor of air conditioning and heating products based in Whippany, New Jersey. Founded in 1974, DASCO Supply operates seven locations in New Jersey, New York and Connecticut. They serve more than 2,500 air conditioning and heating contractors and offer approximately 15,000 SKUs of air conditioning and heating products for both residential and commercial use. DASCO had revenues of approximately $56… Read More
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