About Watsco
Watsco is a company based in Miami (United States) founded in 1956.. The company has 7,290 employees as of December 31, 2024. Watsco has completed 8 acquisitions, including Acme Facilities Group, Acme Refrigeration and Alert Labs. Watsco offers products and services including HVAC Products and Refrigeration Services.
- Headquarter Miami, United States
- Employees 7290 as on 31 Dec, 2024
- Stage Public
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Sectors
Industrial Goods & Manufacturing
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Watsco, Inc.
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Annual Revenue
$7.62 B4.59as on Dec 31, 2024
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Net Profit
$498.89 M-0.1as on Dec 31, 2024
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EBITDA
$788.86 M-2.19as on Dec 31, 2024
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Latest Funding Round
$500 M (USD), Debt – Conventional
Dec 07, 2018
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Investors
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Employee Count
7290
as on Dec 31, 2024
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Investments & Acquisitions
Acme Facilities Group
& 7 more
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IPO & Listings of Watsco
Watsco is a publicly listed company on the NYSE with ticker symbol WSO in USA, operating in the Producer manufacturing sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Watsco
Watsco offers a comprehensive portfolio of products and services, including HVAC Products and Refrigeration Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
HVAC products are distributed for heating, ventilation, and air conditioning purposes, with an emphasis on technological innovation
Refrigeration services are provided to support energy-efficient solutions in various applications
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Leadership Team
19 people
Software Development Team
11 people
Trustee Team
7 people
Finance and Accounting
7 people
Advisor Team
7 people
Product Management Team
4 people
Staff Team
2 people
Strategic Team
2 people
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Funding Insights of Watsco
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $500.0M
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First Round
First Round
(07 Dec 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2018 | Amount | Debt – Conventional - Watsco | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Watsco
Watsco has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Acme Facilities Group, Acme Refrigeration and Alert Labs. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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A range of connected sensors for basement monitoring is developed.
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2015 | ||||
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Distributor of HVAC and sheet metal supplies
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1974 | ||||
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Air conditioning, cooling, and ventilation services are provided.
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1964 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Watsco
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Watsco Comparisons
Competitors of Watsco
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Watsco
Frequently Asked Questions about Watsco
When was Watsco founded?
Watsco was founded in 1956 and raised its 1st funding round 62 years after it was founded.
Where is Watsco located?
Watsco is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Watsco?
Albert Nahmad is the current CEO of Watsco.
How many employees does Watsco have?
As of Dec 31, 2024, the latest employee count at Watsco is 7,290.
What is the annual revenue of Watsco?
Annual revenue of Watsco is $7.62B as on Dec 31, 2024.
What does Watsco do?
The company was founded in 1956 and is headquartered in Miami, United States. Operations focus on supplying equipment and related parts to the HVACR sector. Distribution occurs across various regions, supporting contractors and service providers. In 2022, annual revenues reached 7.3 billion, with net profit recorded at 0.55 billion. Leadership is provided by CEO Albert Nahmad, overseeing domain watsco.com.
What products or services does Watsco offer?
Watsco offers HVAC Products and Refrigeration Services.
Is Watsco publicly traded?
Yes, Watsco is publicly traded on NYSE under the ticker symbol WSO.
How many acquisitions has Watsco made?
Watsco has made 8 acquisitions, including Acme Facilities Group, Acme Refrigeration, and Alert Labs.
What is Watsco's ticker symbol?
The ticker symbol of Watsco is WSO on NYSE.
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