REG-Ferguson Enterprises Inc Ferguson closes the fiscal year with ten acquisitions

Ferguson EnterprisesAnnouncement

13/08/2024 11:45

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Ferguson closes the fiscal year with ten acquisitions

Adds two acquisitions, expanding both HVAC and Waterworks businesses

 

Ferguson Enterprises Inc.
(https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fcorporate.ferguson.com%2Fhome%2Fdefault.aspx&esheet=54108055&newsitemid=20240813320773&lan=en-US&anchor=Ferguson+Enterprises+Inc.&index=1&md5=722fddb1d490284fc1f2b5a2c55ec5d6)
(NYSE: FERG; LSE: FERG) announces the closing of two acquisitions: Gerster
Equipment Co. and United Water Works, Inc. The company closed on ten
acquisitions last fiscal year, which ended July 31, 2024.

Gerster Equipment Co.

Headquartered in Buffalo, NY, with a second location in Syracuse, NY, Gerster
Equipment is a distributor of Trane and Mitsubishi HVAC brands. This
acquisition allows Ferguson to advance its dual-trade strategy by linking HVAC
and plumbing in these regions, making it easier for the dual-trade contractor
to do business with Ferguson.

United Water Works, Inc.

United Water Works, headquartered in Santa Ana, CA, is a major distributor of
piping and water, storm and sewer products serving the Orange County and
greater Los Angeles areas. This acquisition expands United Water Works’
product offering to include erosion control and stormwater management products
and strengthens Ferguson’s Waterworks presence in Southern California.

“We’ve had a good mix of acquisitions this fiscal year from plumbing and
HVAC to waterworks and fire protection,” said Ferguson CEO Kevin Murphy.
“These acquisitions are important part of our growth strategy, and our
pipeline is strong moving into the next fiscal year.”

Ferguson has a long track record of successful acquisitions and has completed
more than 50 acquisitions 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 Ferguson’s nine customer
groups in North America.

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 $29.7 billion
(FY’23) and approximately 35,000 associates in 1,700 locations. For more
information, please visit corporate.ferguson.com.

Contacts

Investor Inquiries 

Brian Lantz

Vice President, IR and Communications

+1 224 285 2410

Pete Kennedy

Director, Investor Relations

+1 757 603 0111

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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