MORSCO Acquires Murray Supply Co.
First acquisition for company in the Southeast region
FORT WORTH, Texas — MORSCO, a distributor of commercial and residential plumbing, HVAC, and pipe, valves and fittings (PVF), has acquired substantially all of the assets of Murray Supply Co., a plumbing supply company based in North Carolina, which will continue to operate as Murray Supply Co., a MORSCO Company.
Murray Supply, founded in 1965, provides wholesale distribution of residential and commercial plumbing products, industrial and commercial piping products, and multifamily housing maintenance supplies. Murray Supply operates four plumbing branches (Charlotte, Hickory, Winston-Salem, and Raleigh, North Carolina), three maintenance/repair/operations branches (Charlotte and Raleigh, North Carolina, and Richmond, Virginia) and one industrial PVF branch in Winston-Salem.
Chip Hornsby, CEO of MORSCO, said, “Bringing Murray Supply into the MORSCO family is a significant milestone in the growth of our company as it is the first acquisition we have made in the attractive Southeast region. MORSCO has historically focused on building its business in the Southwest, specifically Texas. We are now ready to begin to move East, and we are confident that Murray Supply provides an excellent base to begin our eastward expansion.”
“Murray Supply has a long history in the Southeast and we are honored to be part of MORSCO’s growth strategy for the region,” said Charlie Murray, CEO of Murray Supply. “It is in recognition of the strength of our company and the quality of our people that they are willing to invest in us as their first platform company in this area. With the backing of MORSCO, we are excited to enhance our capabilities, bring new opportunities to our people, and even greater service and products to our customers. This partnership with MORSCO is a great cultural fit as our missions and goals for the future are in alignment. We are excited to start this next chapter of our evolution and we are proud to be the beginning of new expansion.”
With this acquisition, MORSCO will now be comprised of seven business operating units: Morrison Supply Co., Express Pipe & Supply, Farnsworth Wholesale Co., Wholesale Specialties, Expressions Home Gallery, Kiva Kitchen & Bath, and Murray Supply Co. The company operates in 10 states with over 130 branches and 2,000 associates.
For more information about MORSCO, visit www.morscousa.com.
For more information about Murray Supply Co., visit www.murraysupply.com.
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Publication date: 9/28/2015
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