Watsco Acquires Gateway Supply Company

Watsco, Inc. announced that it has completed the acquisition of Gateway Supply Company, Inc., a distributor of plumbing and HVAC products.

Founded in Columbia, South Carolina in 1964, Gateway Supply has annual sales of approximately $180 million and serves approximately 4,000 customers from 15 locations in South Carolina and one location in North Carolina. The company distributes approximately 40,000 SKUs from more than 600 vendors.

Watsco is actively seeking additional opportunities to invest and grow through acquisitions. Since entering distribution in 1989, Watsco has completed 68 acquisitions, including many multi-generation, family-owned businesses. Watsco’s “buy and build” strategy can be summarized as follows:

  • Identify and partner with great businesses in the HVAC/R industry
  • Support their leadership and employees and honor their culture and legacy
  • Ask for aggressive growth plans and help them achieve their ambitions
  • Motivate teams and reaffirm an ownership culture with long-term equity
  • Deploy the industry’s most comprehensive suite of customer-focused technologies
  • Solicit and collaborate on big ideas to foster a spirit of innovation and growth

Courtesy of Watsco, Inc.

Previous articleHarrington Process Solutions to be Acquired by Bain Capital Private Equity
Next articleOlivia Schmidt Assumes Role as New Chief Commercial Officer at PRECISION Effective Immediately