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.”
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.
For more information, visit www.ferguson.com.
Publication date: 8/7/2015
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