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.”

Ferguson said it looks for companies that integrate seamlessly with its core businesses, described as “bolt-on” acquisitions. Geography is also a key consideration. “We focus on markets where Ferguson has a limited presence or in existing markets where there is high-potential,” said Roach.

Ferguson has sales of $11.6 billion and approximately 20,000 associates in almost 1,400 locations. The company and its subsidiaries serve customers in all 50 states, Puerto Rico, Mexico, and the Caribbean.

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Publication date: 8/7/2015

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