Watsco issues estimated 324,257 unregistered shares in $505 million Granite Group deal

• Watsco entered a merger agreement to buy Granite Group Holdings, a plumbing and HVAC distributor with about $500 million in sales.
• Total consideration set at $505 million, subject to post-closing adjustment; 80% cash, 20% paid in Watsco common stock.
• Stock portion estimated at 324,257 shares, based on the 10-day VWAP ended Sept. 16, 2026; final share count may change.
• Shares will be issued in an unregistered offering under Securities Act Section 4(a)(2) and Rule 506(b) of Regulation D.
• Closing requires customary conditions, including Hart-Scott-Rodino clearance.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Watsco Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-394393), on September 17, 2026, and is solely responsible for the information contained therein.