Ferguson to Acquire Plumbing, HVAC Distributors

WOKINGHAM, England – Ferguson plc has signed definitive purchase agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply Inc. and completed the acquisition of Harway Appliances.

These acquisitions have total annual revenue of approximately $220 million.​

  • Yorkwest Plumbing Supply: Yorkwest is a leading distributor of plumbing, municipal, hydronic, institutional, HVAC and industrial products in the Greater Toronto Area. Each of Yorkwest’s four locations has an Atlantis Bath Center branded kitchen and bathroom showroom. Yorkwest’s operations will be integrated into Ferguson’s Canadian subsidiary, Wolseley Canada.
  • Grove Supply: Founded in 1948, Grove Supply is headquartered north of Philadelphia. It is a plumbing and HVAC distributor serving the residential, construction and remodeling markets. Grove Supply has 17 locations in Pennsylvania and New Jersey, and six of the locations include showrooms that function as the GSI Bath Showplace. This acquisition expands Ferguson’s plumbing and heating, ventilation and air conditioning footprint in the greater Philadelphia area and allows the company to better serve local professionals across two industries.
  • Harway Appliances: Harway is a leading distributor of high-quality kitchen appliances for homeowners, custom home builders and designers in Austin, Texas. This acquisition strengthens Ferguson’s showroom presence in one of the fastest growing markets in the country and provides the opportunity for further expansion into the plumbing and lighting categories. In addition, the company’s delivery and installation capabilities in Austin are expanded by Harway’s network of internal and external delivery and installation teams.

The acquisition of Harway Appliances was completed on January 8th. The acquisitions of Yorkwest and Grove Supply are expected to close in the next 90 days, subject to customary closing conditions, including regulatory approval of the acquisition of Yorkwest.

“When we acquire new companies, we value the expertise of the talented employees and the customer relationships they bring to the company,” said Kevin Murphy, CEO of Ferguson. “Our strategy remains two-pronged: emphasizing organic growth and consolidating fragmented markets through acquisitions that fit well with our culture and values.”

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