Industry Update: Distribution

By: John Bintz | PJ Patel | Charles Sapnas

Industry Highlights

  • On March 16, 2021, Watsco, Inc. and Carrier Global Corp. today that they have signed an agreement to acquire Temperature Equipment Corporation. Founded in Chicago, Illinois in 1935, TEC is one of the largest HVAC distributors in North America with sales of $291 million in 2020. TEC serves approximately 10,000 customers from 32 locations in Illinois, Indiana, Wisconsin, Kansas, Michigan, Minnesota and Missouri.
  • On January 5, 2021, Henry Schein, Inc., the world’s largest provider of health care solutions to office-based dental and medical practitioners, announced the acquisition of a majority ownership position in Prism Medical Products, LLC, a nationwide provider of specialty home medical supplies with a core competency in advanced wound care products.

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