Watsco completes acquisition of The Granite Group, adding 82 plumbing and HVAC locations
Watsco, Inc. announced the closing of its purchase of The Granite Group, a distributor of plumbing and HVAC products operating 82 sites across the Northeast. The deal brings roughly $500 million of annual sales and about 11,000 customers to Watsco’s portfolio. The Granite Group will stay independent under its current management team led by Bill Condron. This transaction follows Watsco’s earlier 2026 acquisition of Jackson Supply, another HVAC distributor.
Why it matters
The acquisition expands Watsco’s footprint in the plumbing market, increasing its customer base and SKU offering, which could boost future revenue growth. The company’s statement indicates it will use its scale, capital and technology to support The Granite Group’s growth plan.
Key facts
- 1The Granite Group serves approximately 11,000 customers from 82 locations. stocktitan.net
- 2The distributor offers about 29,000 SKUs sourced from over 450 vendors. stocktitan.net
- 3The Granite Group generates roughly $500 million in annual sales. tradingview.com
- 4The acquisition was completed on October 12, 2026. stocktitan.net
- 5The Granite Group will continue operating independently under CEO Bill Condron. stocktitan.net
- 6Watsco’s previous 2026 acquisition was Jackson Supply, an HVAC distributor with about $230 million in annualized sales. investing.com
Summary written by AlphAI AI Desk from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.