Plumbing and HVACR Distributor Ferguson Closes Fiscal Year Having Acquired 13 Companies
Looks for companies that integrate seamlessly with its core businesses, described as “bolt-on” acquisitions
NEWPORT NEWS, Va. — Ferguson, a major plumbing and HVACR distributor, announced that it continued its expansion with the acquisition of 13 companies in fiscal year 2015. The acquisitions were coast-to-coast encompassing multiple business types including HVAC and plumbing distributors, waterworks, as well as e-commerce companies and appliance and lighting showrooms.
“Throughout Ferguson’s 62-year history, acquisitions have played a major role in our growth — M&A is an important component of our growth strategy,” said Ferguson CEO Frank Roach. “We view acquisitions as more than bricks and mortar, it’s about people. Ferguson has been fueled by a continual stream of talented associates and fresh ideas that help shape our business strategy and make us a better company.”