Carrier's Gift
Analyzing and Forecasting Watsco's Acquisition Activity
In the wake of the Global Financial Crisis, Watsco nearly doubled the size of their business by forming three joint ventures with Carrier. My goal in this short write-up is to:
Analyze the Carrier joint ventures
Analyze more recent acquisition activity
Forecast contributions of future activity to both Watsco’s results and shareholder returns
In their 2009 a…