HVAC distributor Watsco Inc. (NYSE:WSO), Miami, FL, announced that it has paid $43 million for an additional 10 percent ownership interest in Carrier Enterprise Northeast LLC, a joint venture with Carrier Corp.

The transaction raises Watsco’s ownership stake to 70 percent. The joint venture, formed in 2011, has sales of approximately $500 million in two countries, including 43 locations in the northeastern U.S. and 12 locations in Mexico, offering a variety of products manufactured by Carrier along with approximately 25,000 other SKUs.