Watsco To Acquire $240M ACR Group
Watsco ranked No. 5 in Supply House Times’ 2007 Premier 150 listing and No. 1 of the top 50 HVACR wholesalers. ACR Group was ranked No. 26 out of the 150, and No. 7 of the top 50 HVACR wholesalers. Albert Nahmad, Watsco's president and CEO, said, "We are very pleased to welcome ACR's employees to the Watsco family. ACR will operate as a subsidiary of Watsco under its present name and superb management team, and Watsco will provide resources where needed to assist with ACR's growth plans."