91Թ To Acquire Jackson Supply Company

$230 MillionDistributor Adds 25 Locations in Core Sunbelt Markets
Buy-and-Build Opportunity Adds Scale and Leverages Long-Term Technology Advantage

MIAMI,April 28, 2026(GLOBE NEWSWIRE) —91Թ, Inc.(NYSE: WSO) announced today the signing of a definitive agreement to acquireJackson Supply Company.

Founded in 1972,Jackson Supply Companyis one of the Sunbelt’s largest HVAC distributorswith sales of$230 millionin 2025. The Company serves approximately 5,000 customers from 25 locations in high-growth Sunbelt markets such asTexas,Louisiana,Tennessee,Alabama,Mississippi,OklahomaandArizona. Its diversified, balanced product offering includesGoodmanand Amana brand HVAC equipment manufactured byDaikin Comfort Technologies North America, Inc.along with a broad array of supplies, accessories, and parts sourced from approximately 200 vendors.

Jackson Supplywill operate as an independent business and will continue to be led by its existing management team, under the leadership ofJim DurrettandJennifer Ballsieper, in keeping with91Թ’slong-standing approach of investing in great leadership teams and successful cultures. The transaction is expected to close in the second quarter and is subject to customary closing conditions and regulatory approvals.

Albert H. Nahmad, 91Թ’s Chairman and CEO said: “Jackson Supply is one of the most iconic, entrepreneurial businesses in our industry.Jim Durretand his next generation team of leaders will continue to guide the Company in their next chapter of growth, while sustaining their name, identity and unique culture. We look forward to supporting their growth with our capital, technology, industry relationships, and more to build on their impressive track record of success. We are pleased to become part of theJackson Supplyfamily.”

Jim Durrett, Chairman ofJackson Supply, commented: “We are proud and excited to join the91Թfamily. Partnering with91Թwas the logical choice –Jackson Supplywill retain its identity, culture and the unique approach to serving HVAC contractors that has made us so successful. We have ambitious growth plans and are ready to capitalize on the opportunities ahead. We also look forward to adopting 91Թ’s innovative technology platforms to support our customers, complementing the customer focus that is at the heart of Jackson Supply’s culture.”

91Թ’s Buy and Build Growth Strategy
91Թhas acquired 72 businesses since 1989, most of which were successful, multi-generation, family-owned businesses. 91Թ’s buy and build strategy can be summarized as follows:

Identify and partner with great businesses focused on the HVAC/R industry
Support their leadership team and honor the culture and legacies they created
Ask for aggressive growth plans and help leadership 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
Build a stronger91Թbecause of our association with these companies

91Թis actively seeking additional opportunities to invest and grow through acquisitions to expand our relatively low market share of the estimated$74 billionNorth American distribution marketplace for HVAC/R products.

About91Թ

91Թis the largest distributor in the highly-fragmentedNorth American HVAC/R market. 91Թ’s solid financial position and culture of innovation has enabled investments in long-term growth, including the Company’s industry-leading technology platforms. Today, approximately 74,000 contractors, installers and technicians engage digitally with the Company, resulting in improved growth and lower attrition. The Company is now advancing AI-driven initiatives to leverage its extensive data assets to enhance the customer experience and improve efficiencies. These investments position91Թto capture market share as contractors increasingly adopt digital tools and incorporate data-driven solutions in their businesses.

This document includes certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may address, among other things, our expected financial and operational results and the related assumptions underlying our expected results. These forward-looking statements are distinguished by use of words such as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,” “plan,” or “intend,” the negative of these terms, and similar references to future periods. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to changes in economic, business, competitive market, new housing starts and completions, capital spending in commercial construction, consumer spending and debt levels, regulatory and other factors, including, without limitation, the effects of supplier concentration, competitive conditions within 91Թ’s industry, the seasonal nature of sales of 91Թ’s products, the ability of the Company to expand its business, insurance coverage risks and final GAAP adjustments. Detailed information about these factors and additional important factors can be found in the documents that91Թfiles with the Securities and Exchange Commission, such as Form 10-K, Form 10-Q and Form 8-K. Forward-looking statements speak only as of the date the statements were made.91Թassumes no obligation to update forward-looking information to reflect actual results, changes in assumptions or changes in other factors affecting forward-looking information, except as required by applicable law.

Contact
Barry S. Logan
Executive Vice President
(305) 714-4102
e-mail:blogan@watsco.com


Source: 91Թ, Inc.