Watsco Acquires Gateway Supply Company, Which Has Annual Revenues Of ~$180M; Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Watsco has acquired Gateway Supply Company, a firm with annual revenues of approximately $180 million. The terms of the deal were not disclosed.
September 06, 2023 | 11:33 am
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POSITIVE IMPACT
Watsco's acquisition of Gateway Supply Company could potentially boost its revenues, given Gateway's annual revenues of ~$180M.
The acquisition of a company with substantial annual revenues like Gateway Supply Company could potentially increase Watsco's revenues and profitability. However, the impact will depend on the terms of the deal, which have not been disclosed.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100