Albert Nahmad

About Albert Nahmad

Albert Nahmad is CEO and approximately 7% shareholder of Watsco, a large distributor of air conditioning, heating and refrigeration parts.

Born in Panama, Nahmad emigrated to the United States to study engineering at the University of New Mexico and Purdue.

In 1973, Nahmad bought a stake in Watsco, then a small, publicly traded company.

Using a highly acquisitive strategy, Nahmad helped Watsco grow from a market cap of $22 million in 1989 to more than $20 billion now.

Nahmad's children are active in his businesses. His son is president of Watsco; his daughter is president of the Nahmad Family Foundation.