Ferguson Inks 4 New Acquisitions (2024)

Author

• Vesna Brajkovic

Date

• May 23, 2024

• TypeNews

Plumbing and industrial supplies distributor Ferguson announced four more deals, marking the close of eight acquisitions in its fiscal year with an aggregate annualized revenue of approximately $350 million.

This round of acquisitions by Ferguson —ranked No. 3 on theMDM’s 2023 Top Industrial Distributors List —follows a trio of deals made in January. The recent acquisitions of Southwest Geo-Solutions, AVCO Supply, GAR Engineering and Safe Step Tubs of Minnesota expand the company’s waterworks footprint and other added services.

Southwest Geo-Solutions

Austin, TX-based Southwest Geo-Solutions is a distributor of erosion control, containment, geotextile and geogrid products.

This acquisition expands Ferguson’s waterworks footprint in the central and southwest regions, and supports business diversification in erosion control and stormwater management.

AVCO Supply

Located in Levittown, PA, AVCO Supply is a distributor of boilers and hot water heaters and offers design and specification services to both commercial and residential contractors.

“The acquisition of AVCO reinforces Ferguson’s commitment to providing engineered solutions to the mechanical contractor and complements our strengths in the commercial pipe, valve and fitting product and hydronic categories in the Philadelphia market,” Ferguson officials said in a May 22 news release.

GAR Engineering

GAR Engineering is a fire protection engineering service and design firm located in Concord, NC.

The acquisition of GAR Engineering allows Ferguson to expand its fire protection design and engineering services.

Safe Step Tubs of Minnesota

Safe Step MN is an independent dealer licensed to sell and install Safe Step walk-in tubs and showers in the Midwest, serving the growing senior/aging-in-place market.

This deal builds on the acquisition of walk-in tub provider Safe Step Walk-in Tub Company in 2018, and the subsequent acquisitions of two independent dealers in 2022. The acquisition will bring all Safe Step nationwide dealers and install services into Ferguson.

“We continue to complement our organic growth strategy through capability and bolt-on acquisitions that are a cultural fit with our organization,” Ferguson CEO Kevin Murphy said. “These four companies not only expand our geographic footprint, product offering and capabilities, but also add talented associates to Ferguson. Their knowledge and strong customer relationships are an invaluable asset that will help deliver results and grow marketshare.”

Read more about Ferguson’s bolt-on acquisition strategy on MDM Premium.

Ferguson has completed more than 50 acquisitions in the last five years.

In April, Ferguson released more details about its rollout of smaller distribution centers closer to contractors in major metro areas. Check out the full details in this MDM Premium piece by Mike Hockett.

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