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MVA advises Watsco on successful acquisition of DASCO Supply

May 2019

On April 2, Moore & Van Allen (“MVA”) client Watsco, Inc. (“Watsco”; NYSE: WSO) acquired the operating business of Dunphey & Associates Supply Co., Inc. (“DASCO Supply”).  The primary MVA attorneys representing Watsco on this matter were Corporate Member Mike Miller and Corporate Associates Stacy Grant and Charise Patterson. The MVA specialist attorneys advising Watsco on this transaction were Tax Counsel Randy Clark and Tax Member Rachel Coyne, Employee Benefits Senior Counsel Beth Yount Grimes, Real Estate Member Christopher Thompson, Securities Member James Wyche and Environmental Member Peter McGrath.

About Watsco

Watsco, which is based in Miami, Florida and publicly traded on the New York Stock Exchange under the symbol “WSO”, is the largest distribution network for heating, air conditioning and refrigeration (HVAC/R) products in the United States, with additional distribution in Canada, Mexico and Puerto Rico, and on an export basis to Latin America and the Caribbean. Watsco estimates that over 300,000 contractors and technicians visit or call one of its 571 locations each year to get information, obtain technical support and buy products. Additional information about Watsco may be found at http://www.watsco.com.

About DASCO Supply

Founded in 1974, DASCO Supply operates seven locations in New Jersey, New York and Connecticut. It serves more than 2,500 air conditioning and heating contractors and offers approximately 15,000 SKUs of air conditioning and heating products for both residential and commercial use.