SOURCE: Ferguson Enterprises

Ferguson Enterprises

July 27, 2015 13:35 ET

Ferguson Closes Fiscal Year With 13 New Companies in Its Portfolio

NEWPORT NEWS, VA--(Marketwired - July 27, 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 U.S. 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.

Ferguson (www.ferguson.com) is the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings in the U.S. The company is also a major distributor of HVAC/R equipment, waterworks and industrial products and services. Founded in 1953 and headquartered in Newport News, Va., Ferguson has sales of $11.6 billion and approximately 20,000 associates in almost 1,400 locations. Ferguson and its subsidiaries serve customers in all 50 states, Puerto Rico, Mexico and the Caribbean. Ferguson is part of Wolseley plc (www.wolseley.com), which is listed on the London Stock Exchange (LSE: WOS) and on the FTSE 100 index of listed companies.

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