Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment and related parts. The Company is engaged in supplying to the Heating, Ventilation and Air Conditioning/ Refrigeration (HVAC/R) distribution industry in North America. The Company sells air conditioning and heating equipment to the residential replacement market, the commercial market and residential new construction market. The Company sells a line of products that required for installing or repairing a central air conditioner, furnace or refrigeration system. As of December 31, 2013, the Company operated 569 locations in the United States, Canada, Mexico and Puerto Rico.