{"id":1009158,"date":"2026-10-12T07:33:37","date_gmt":"2026-10-12T11:33:37","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/watsco-completes-acquisition-of-the-granite-group-distributor-of-plumbing-and-hvac-products-with-500-million-in-revenue-throughout-the-northeast\/"},"modified":"2026-10-12T07:33:37","modified_gmt":"2026-10-12T11:33:37","slug":"watsco-completes-acquisition-of-the-granite-group-distributor-of-plumbing-and-hvac-products-with-500-million-in-revenue-throughout-the-northeast","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/watsco-completes-acquisition-of-the-granite-group-distributor-of-plumbing-and-hvac-products-with-500-million-in-revenue-throughout-the-northeast\/","title":{"rendered":"Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast"},"content":{"rendered":"

\nExpands Watsco\u2019s Growing Presence in Plumbing Products Distribution by 82 Locations
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MIAMI, Oct. 12, 2026 (GLOBE NEWSWIRE) — Watsco, Inc. (NYSE: WSO) announced today that it has completed the previously announced acquisition of The Granite Group, a diversified distributor of plumbing and HVAC products with approximately $500 million in sales throughout seven Northeast States. Watsco\u2019s ownership culture, scale, OEM relationships and industry-leading technologies are now available to Granite\u2019s leadership team and customers to help them accelerate beyond their impressive track record of growth.<\/p>\n

Founded in 1971 and headquartered in Concord, New Hampshire, The Granite Group is a third-generation, family-led distributor serving customers across seven states in New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island and New York.<\/p>\n

The Granite Group\u00a0serves approximately 11,000 customers from 82 locations and offers approximately 29,000 SKUs sourced from over 450 vendors. The Granite Group has achieved a 10% annual compounded growth rate in sales since 2010 through a combination of bolt-on acquisitions and more than 30 new store openings to win new customers and better serve existing customers.\u00a0<\/p>\n

Watsco\u2019s partnership with The Granite Group adds scale, density, product diversification and deepens Watsco\u2019s market position in the growing plumbing space \u2013 a large and fragmented market that represents compelling avenues for expansion.<\/p>\n

The Granite Group\u00a0will operate as an independent business and will continue to be led by its existing management team, under the leadership of\u00a0Bill Condron, in keeping with\u00a0Watsco\u2019s\u00a0long-standing and successful strategy of investing in great leadership teams and successful cultures.<\/p>\n

Albert H. Nahmad, Watsco\u2019s Chairman and CEO said: \u201cThe Granite Group is a legendary distributor in our industry with an entrepreneurial spirit that mirrors our own. They have embraced our ownership culture and we look forward to supporting their growth plan with our scale, capital and technology to build on their track record of success. We are pleased to become part of their family.\u201d<\/p>\n

Bill Condron, CEO of The Granite Group, commented: \u201cThe Granite Group and Watsco share similar cultures and think about the business in similar ways. We love the fact that The Granite Group will remain independent while gaining access to Watsco\u2019s scale, capital, and the most advanced technology platforms in the industry. Our team is motivated to join and collaborate with Watsco\u2019s community of great companies and leadership teams.\u201d<\/p>\n

\n Watsco\u2019s Buy and Build Growth Strategy<\/strong>\n <\/p>\n

The closing of The Granite Group acquisition marks the second, large acquisition completed by Watsco during 2026. In June, Watsco closed on the acquisition of Jackson Supply Company, a market-leading HVAC distributor with annualized sales of\u00a0approximately $230 million across 25 Sunbelt locations. Jackson Supply offers a balanced product offering of HVAC equipment, parts and supplies. As importantly, Jackson Supply added to Watsco\u2019s entrepreneurial community of leaders.<\/p>\n

Watsco\u00a0has acquired 74 businesses in the HVAC and plumbing markets since 1989, most of which were successful, multi-generation, family-owned businesses. Watsco\u2019s buy and build strategy is as follows:<\/p>\n