FORT WORTH, Texas — Morsco Inc., a distributor of commercial and residential plumbing products, HVAC equipment, and pipe, valves, and fittings (PVF), announced it has signed a definitive agreement to acquire Fortiline Waterworks, a portfolio company of CHS Capital LLC and one of the largest waterworks distributors in the U.S., as its waterworks distribution platform.
Morsco, a portfolio company of global private equity firm Advent International, is one of the fastest growing distribution companies in the industry with 140+ branch locations, more than $1 billion in sales, and over 2,000 associates in 12 states. Advent will make a significant new equity investment to support the acquisition.