Ferguson Waterworks, the largest company in the Waterworks industry and the largest distributor of plumbing supplies and PVF in the U.S., announces the acquisition of Underground Pipe & Valve Incorporated in an asset transaction completed on November 14, 2016.
Headquartered in South Bend, IN, Underground Pipe & Valve has been in business for nearly 40 years and offers a full line of water and sewer products through its four locations in Indiana and Michigan. The acquisition complements the new Ferguson Waterworks locations from the recent acquisitions of Michigan Pipe & Valve – Lansing, Michigan Pipe & Valve – Flint and Michigan Meter Technology Group.
“Growing our brick and mortar locations is an integral part of our growth strategy, and our recent Waterworks acquisitions in the upper mid-west will position us a true competitor in the local market,” said Ferguson CEO Frank Roach. “We are pleased to welcome Underground Pipe & Valve’s associates to Ferguson.”
“While we have been successful as an independent distributor for some time, we are excited about the chance to become part of the Ferguson family,” said Underground Pipe & Valve Owner Don Nuner. “We feel that Ferguson brings added value to our customers and good, long-term opportunities for our employees.”
Ferguson Waterworks, a division of Ferguson Enterprises, has more than 200 locations and 2,000 dedicated Waterworks associates. Its expansive product offering allows for the availability of material to service the needs of public and private water and sewer authorities, utility contractors, public works/line contractors, heavy highway contractors, earth-moving/site work contractors and plant contractors.