Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast
Key Highlights
- ➤Watsco completes acquisition of The Granite Group, generating approximately $500 million in sales
- ➤The Granite Group serves 11,000 customers through 82 locations across seven Northeast states
- ➤Watsco closes second large 2026 acquisition after acquiring Jackson Supply with approximately $230 million sales
- ➤Watsco has acquired 74 HVAC and plumbing businesses since 1989
- ➤Watsco is actively seeking additional acquisitions in the estimated $74 billion North American distribution market
Expert Statements
Albert H. Nahmad, Chairman and CEO of Watsco
“The 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.”
Bill Condron, CEO of The Granite Group
“The 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’s scale, capital, and the most advanced technology platforms in the industry. Our team is motivated to join and collaborate with Watsco’s community of great companies and leadership teams.”
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’s ownership culture, scale, OEM relationships and industry-leading technologies are now available to Granite’s leadership team and customers to help them accelerate beyond their impressive track record of growth.
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.
Get started
Create a free account to read the full story.