Ferguson Closes Fiscal Year With 13 New Companies in Its Portfolio
July 30, 2015
Ferguson, the nation’s largest plumbing distributor, continued its expansion averaging one new deal a month and purchasing a total of 13 new companies in fiscal year 2015, which concludes July 31. The acquisitions spanned coast-to-coast and multiple business types including waterworks, HVAC and plumbing distributors, in addition to eCommerce 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 looks for companies that integrate seamlessly with its core businesses, described as “bolt-on” acquisitions. Geography is also a key consideration for Ferguson.
“We focus on markets where Ferguson has a limited presence or in existing markets where there is high potential,” said Roach.
The company’s acquisition activity aligns with KPMG’s M&A Outlook, which reported that M&A in the United States has finally reached pre-crisis levels and found that acquisition momentum is expected to build throughout 2015.
Ferguson’s year-end results will be released on September 29, 2015.
More News
April 26, 2024 | Business, Trends & Inspirations
Personalization Is Defining Today’s Luxury Projects
April 26, 2024 | Business
PIRCH Permanently Shuts Down, Files for Bankruptcy
April 25, 2024 | Awards & Events
2024 Coverings Installation & Design Award Winners Announced
April 24, 2024 | People
Oatey Announces New COO and CCO
April 23, 2024 | Trends & Inspirations
Sustainability Report: More Education Needed for Green K&B Design
April 2, 2024 | Sponsored
Whirlpool Corp. Brings Purposeful Innovation Home