StreetInsider.com News Articles

Watsco secures $750M unsecured revolving credit facility

Thu, 22 Oct 2026 07:30:25 -0400

Watsco, Inc. (NYSE: WSO) has signed a $750 million unsecured senior revolving credit facility, according to a press release from the Miami-based company.

Bank of America, N.A. served as Joint Lead Arranger, Sole Bookrunner and Administrative Agent for the five-year facility. JPMorgan Chase Bank, N.A., PNC Bank, N.A., Wells Fargo Bank, N.A., and U.S. Bank N.A. participated as Joint Lead Arrangers and Co-Syndication Agents, along with five other banks.

The new facility amends and extends Watsco's existing unsecured revolving credit facility. Initial borrowings were used to repay $69.7 million in outstanding balances under the prior facility. Additional borrowings may be used for

Watsco Completes $750 Million Unsecured Senior Credit Facility

Thu, 22 Oct 2026 07:30:00 -0400

MIAMI, Oct. 22, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) today announced that it has signed a $750 million unsecured senior revolving credit facility led by Bank of America, N.A. as Joint Lead Arranger, Sole Bookrunner and Administrative Agent and JPMorgan Chase Bank, N.A., PNC Bank, N.A., Wells Fargo Bank, N.A., and U.S. Bank N.A. as Joint Lead Arrangers and Co-Syndication Agents, along with five other banks. The new facility amends and extends Watsco’s existing unsecured revolving credit facility.

Borrowings under the five-year $750 million unsecured credit facility were used to repay outstanding borrowings of $69.7

Watsco Completes $750 Million Unsecured Senior Credit Facility

Thu, 22 Oct 2026 07:30:00 -0400

Borrowings under the five-year $750 million unsecured credit facility were used to repay outstanding borrowings of $69.7

Watsco (WSO) PT Lowered to $360 at Baird

Tue, 20 Oct 2026 06:25:07 -0400

Baird analyst David Manthey lowered the price target on Watsco (NYSE: WSO) to $360.00 (from $400.00) while maintaining a Outperform rating.

Form 4 WATSCO INC For: Oct 15 Filed by: NAHMAD ALBERT H

Mon, 19 Oct 2026 16:15:00 -0400

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Form 4 WATSCO INC For: Oct 15 Filed by: NAHMAD ALBERT H

Mon, 19 Oct 2026 16:15:00 -0400

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Watsco (WSO) PT Lowered to $325 at Mizuho

Thu, 15 Oct 2026 06:44:46 -0400

Mizuho analyst Dan Dolev lowered the price target on Watsco (NYSE: WSO) to $325.00 (from $350.00) while maintaining a Neutral rating.

Form 8-K/A WATSCO INC For: Sep 12

Wed, 14 Oct 2026 16:08:00 -0400

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Form 8-K/A WATSCO INC For: Sep 12

Wed, 14 Oct 2026 16:08:00 -0400

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Form 8-K WATSCO INC For: Oct 14

Wed, 14 Oct 2026 16:05:00 -0400

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Form 8-K WATSCO INC For: Oct 14

Wed, 14 Oct 2026 16:05:00 -0400

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Form 424B7 WATSCO INC

Wed, 14 Oct 2026 16:01:00 -0400

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Form 424B7 WATSCO INC

Wed, 14 Oct 2026 16:01:00 -0400

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Form 4 WATSCO INC For: Oct 09 Filed by: LOGAN BARRY S

Tue, 13 Oct 2026 16:27:00 -0400

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Form 4 WATSCO INC For: Oct 09 Filed by: LOGAN BARRY S

Tue, 13 Oct 2026 16:27:00 -0400

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Form 4 WATSCO INC For: Oct 09 Filed by: Nahmad Aaron J

Tue, 13 Oct 2026 16:20:00 -0400

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Form 4 WATSCO INC For: Oct 09 Filed by: Nahmad Aaron J

Tue, 13 Oct 2026 16:20:00 -0400

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BBH Capital Partners exits The Granite Group via Watsco deal

Mon, 12 Oct 2026 16:02:42 -0400

BBH Capital Partners Private Equity (BBHCP), a private equity strategy of Brown Brothers Harriman & Co., announced its exit from The Granite Group, a distributor of plumbing and HVAC products, in connection with Granite's agreement to be acquired by Watsco, Inc. (NYSE: WSO).

Founded in 1971 and headquartered in Concord, New Hampshire, The Granite Group serves approximately 11,000 customers across 82 locations, offering approximately 29,000 SKUs sourced from more than 450 vendors. The company operates across New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island, and New York.

Since 2010, Granite has recorded approximately 10% compound annual sales growth. During BBHCP's partnership with

BBH Capital Partners Private Equity Exits The Granite Group

Mon, 12 Oct 2026 16:00:00 -0400

NEW YORK--(BUSINESS WIRE)-- BBH Capital Partners Private Equity (BBHCP) today announced the successful exit of its investment in The Granite Group (Granite), a diversified distributor of plumbing and HVAC products, in connection with Granite’s agreement to be acquired by Watsco, Inc. (NYSE: WSO).

Founded in 1971 and headquartered in Concord, New Hampshire, Granite is a third-generation, family-led distributor serving customers across New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island, and New York. The company serves approximately 11,000 customers across 82 locations and offers approximately 29,000 SKUs sourced from more than 450 vendors.

Since 2010, Granite has achieved approximately 10%

BBH Capital Partners Private Equity Exits The Granite Group

Mon, 12 Oct 2026 16:00:00 -0400

Since 2010, Granite has achieved approximately 10%

Watsco (WSO) PT Lowered to $330 at Morgan Stanley

Mon, 12 Oct 2026 08:01:07 -0400

Morgan Stanley analyst Christopher Snyder lowered the price target on Watsco (NYSE: WSO) to $330.00 (from $370.00) while maintaining a Equalweight rating.

Watsco acquires The Granite Group in $500M revenue Northeast deal

Mon, 12 Oct 2026 07:30:21 -0400

Watsco, Inc. (NYSE: WSO) has completed its acquisition of The Granite Group, a plumbing and HVAC products distributor with approximately $500 million in annual sales, according to a company statement.

Founded in 1971 and headquartered in Concord, New Hampshire, The Granite Group is a third-generation, family-led business operating 82 locations across seven Northeast states: New Hampshire, Vermont, Maine, Massachusetts, Connecticut, Rhode Island, and New York. The company serves approximately 11,000 customers and offers around 29,000 SKUs sourced from more than 450 vendors.

The Granite Group has recorded a 10% annual compounded growth rate in sales since 2010, achieved through bolt-on acquisitions and

Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast

Mon, 12 Oct 2026 07:30:00 -0400

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

Watsco Completes Acquisition of The Granite Group, Distributor of Plumbing and HVAC Products with $500 Million in Revenue Throughout the Northeast

Mon, 12 Oct 2026 07:30:00 -0400

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

Watsco Schedules Third Quarter Conference Call On Tuesday, October 27, 2026 at 10:00 a.m. (EDT)

Fri, 09 Oct 2026 07:30:00 -0400

MIAMI, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Watsco, Inc. (NYSE: WSO) announced today that it has scheduled a conference call to discuss its 2026 third quarter results on Tuesday, October 27, 2026 at 10:00 a.m. (EDT). Prepared remarks regarding the results will be followed by a question-and-answer session with the senior management team.

The conference call will be webcast by CCBN's StreetEvents and can be found under the link highlighted on our website at www.watsco.com. The earnings results will be released before the market opens on October 27, 2026. A replay of the conference