Ferguson closes fiscal year with 13 new companies in its portfolio

Ferguson closes fiscal year with 13 new companies in its portfolio

The acquisitions spanned coast-to-coast and multiple business types.

Corporate News

Ferguson 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.

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Contacts

Accredited media working on a story about Ferguson may contact Ferguson’s public relations team for interview and photo requests, or for additional information related to editorial opportunities.
Peggy Hall Williams Public Relations Manager, Ferguson
Christine Dwyer Director of Communications and Public Relations, Ferguson