REG-Ferguson Enterprises Inc. Ferguson closes the fiscal year with nine acquisitions

Ferguson EnterprisesAnnouncement

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Ferguson closes the fiscal year with nine acquisitions

Adds four acquisitions in the fourth quarter, strengthening footprint and
adding new capabilities

 

Ferguson Enterprises Inc.
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.ferguson.com%2Fhome%2Fdefault.aspx&esheet=54302476&newsitemid=20250805413331&lan=en-US&anchor=Ferguson+Enterprises+Inc.&index=1&md5=d440a4d821ed0aed3cfa5fe6e5154281)
(NYSE: FERG; LSE: FERG) announces the closing of four acquisitions during its
fourth quarter: HPS Specialties, LLC, Ritchie Environmental Solutions, LLC,
Manufactured Duct & Supply Company and Water Resources, Inc. The company
closed on nine acquisitions last fiscal year, which ended July 31, 2025, with
aggregate annualized revenues of approximately $300 million.

HPS Specialties, LLC

HPS Specialties is a manufacturer’s representative of HVAC, plumbing and
hydronic supplies serving commercial mechanical and industrial engineering
professionals. The acquisition closed on June 16 and gives Ferguson entry into
the mechanical room design and specification business in the Northeast and
Mid-Atlantic.

Ritchie Environmental Solutions, LLC

Ritchie Environmental is a process equipment manufacturer’s representative
serving the water and wastewater treatment market in Virginia. The acquisition
of Ritchie Environmental, which closed on June 24, is expected to strengthen
Ferguson’s expertise in water and wastewater system design and enhance its
ability to collaborate on process equipment solutions.

Manufactured Duct & Supply Company

MDS is an HVAC supplies and parts distributor with duct board fabrication
capabilities serving residential and light commercial contractors throughout
metro Atlanta and the Southeast. The acquisition closed on July 21 and will
strengthen Ferguson’s HVAC footprint and customer relationships in the
Atlanta market, further driving our ability to serve the dual-trade
professional.

Water Resources, Inc.

Water Resources is the exclusive distributor of Neptune Technology Group
products and water meters in the greater Chicago metro area. The acquisition,
which closed on July 28, expands Ferguson’s Neptune distribution rights and
will enhance our ability to drive product specification in a key municipal
market.

“We invest in acquisitions with talented associates, unique product
offerings, and established customer and manufacturer relationships that
strengthen our ability to serve the water and air specialized professional,”
said Ferguson CEO Kevin Murphy. “Our acquisitions this fiscal year spanned
across six customer groups, strategically supporting our balanced business
mix, and the pipeline remains healthy as we move into the next fiscal year.”

Ferguson maintains a strong record of successful geographic and capability
bolt-on acquisitions, completing approximately 50 in the last five years. The
large, fragmented markets in which Ferguson operates comprise 10,000+ small to
medium ($10-300 million revenue) independent companies across the company’s
$340B residential and non-residential North American construction market.

About Ferguson

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) is the largest value-added
distributor serving the specialized professional in our $340B residential and
non-residential North American construction market. We help make our
customers’ complex projects simple, successful and sustainable by providing
expertise and a wide range of products and services from plumbing, HVAC,
appliances, and lighting to PVF, water and wastewater solutions, and more.
Headquartered in Newport News, Va., Ferguson has sales of $29.6 billion
(FY’24) and approximately 35,000 associates in nearly 1,800 locations. For
more information, please visit corporate.ferguson.com.

Cautionary Note on Forward-Looking Statements

Certain information in this announcement is forward-looking within the meaning
of the Private Securities Litigation Reform Act of 1995, and involves risks,
assumptions and uncertainties that could cause actual results to differ
materially from those expressed or implied by forward-looking statements.
Forward-looking statements cover all matters which are not historical facts
and speak only as of the date on which they are made. Forward-looking
statements can be identified by the use of forward-looking terminology such as
“will,” “believe,” “expect” or other variations or comparable
terminology and include, without limitation, statements regarding the
anticipated benefits of the acquisitions. Forward-looking statements are
subject to substantial risks and uncertainties, including, but not limited to,
the following: risks related to the ability to realize the anticipated
benefits of acquisitions, including the possibility that the anticipated
benefits will not be realized within the expected time period; the risk that
the businesses will not be integrated successfully; weakness in the economy,
market trends, uncertainty and other conditions in the markets in which we
operate and the macroeconomic impact of factors beyond our control (including,
among others, inflation/deflation, recession, labor and wage pressures, trade
restrictions such as tariffs, sanctions and retaliatory countermeasures,
interest rates, and geopolitical conditions); failure to rapidly identify or
effectively respond to direct and/or end customers’ wants, expectations or
trends, including costs and potential problems associated with new or upgraded
information technology systems or our ability to timely deploy new
omni-channel capabilities; decreased demand for our products as a result of
operating in highly competitive industries and the impact of declines in the
residential and non-residential markets and our ability to effectively manage
inventory as a result; changes in competition, including as a result of market
consolidation, new entrants, vertical integration or competitors responding
more quickly to emerging technologies (such as generative artificial
intelligence); unsuccessful execution of our operational strategies;
fluctuations in product prices in product prices/costs (e.g., including as a
result of the use of commodity-priced materials, inflation/deflation and/or
trade restrictions) and foreign currency; and other risks and uncertainties
set forth under the heading “Risk Factors” in our Annual Report on Form
10-K for the fiscal year ended July 31, 2024 filed with the Securities and
Exchange Commission (“SEC”) on September 25, 2024 and in other filings we
make with the SEC in the future.

Forward-looking statements regarding past trends or activities should not be
taken as a representation that such trends or activities will continue in the
future. Other than in accordance with our legal or regulatory obligations, we
undertake no obligation to publicly update or revise any forward-looking
statement, whether as a result of new information, future events or otherwise.

Investor Inquiries 

Brian Lantz

Vice President, IR and Communications

+1 224 285 2410

Brian.lantz@ferguson.com (mailto:Brian.lantz@ferguson.com)

Pete Kennedy

Director, Investor Relations

+1 757 603 0111

Peter.kennedy@ferguson.com (mailto:Peter.kennedy@ferguson.com)

Media Inquiries 

Christine Dwyer

Senior Director, Communications and Public Relations

+1 757 469 5813

Christine.dwyer@ferguson.com (mailto:Christine.dwyer@ferguson.com)



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Ferguson Enterprises Inc.


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