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Ferguson Enterprises

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Adapted from the English Wikipedia article Ferguson Enterprises, available under CC BY-SA 4.0Updated 27 November 202513 sources
Ferguson Enterprises Inc.
Company typePrivate
IndustryPlumbing, heating, ventilation and air conditioning (HVAC), appliances, lighting, pipes, valves and fittings (PVF), water and wastewater products distribution
Founded1953
FounderCharles Ferguson, Ralph Lenz, Johnny Smither
Headquarters
Newport News
,
United States
Area served
United States, Canada
Number of employees
Not specified
ParentFerguson plc (formerly Wolseley plc)

Ferguson Enterprises Inc., with its main office located in Newport News, Virginia and incorporated in Delaware, stands as the foremost distributor in the United States for plumbing, heating, ventilation and air conditioning (HVAC), appliances, lighting, pipes, valves and fittings (PVF), along with water and wastewater products. The company derives 95% of its sales from the U.S. market and the remaining 5% from Canada. It collaborates with 36,000 suppliers and maintains 11 regional distribution centers, four major distribution centers (MDCs), a fleet of approximately 5,900 vehicles, and operates 1,773 branch locations.

History

Established in 1953 by Charles Ferguson, Ralph Lenz, and Johnny Smither in Newport News, Virginia, Ferguson was purchased by the UK-based Wolseley plc for $30.7 million in 1982. In 1999, it combined operations with Familian Corporation based in Los Angeles.

Amid the economic downturn during the Great Recession in November 2007, Ferguson reduced its U.S. workforce by roughly 3,000 employees, representing about a 5% cut.

In 2017, Wolseley plc rebranded itself as Ferguson plc to highlight its strategic focus on the U.S. market.

January 2021 marked Ferguson’s sale of Wolseley UK to Clayton, Dubilier & Rice for £308 million, allowing the company to concentrate its efforts on the American market.

By August 2024, Ferguson reorganized its corporate structure to establish its parent company’s domicile within the United States, officially designating Newport News as its corporate headquarters.

US Acquisitions

Year Company Description Ref(s).
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 Build.com domain name Purchased for $35 million [1]
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 Power Equipment Direct [2]
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 HP Products [3]
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 Living Direct [4]
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 Kitchen Art Specializes in kitchen and bathroom cabinetry design, installation, and remodeling services [5]
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 Mission Pipe Distributor focused on plumbing supplies [6]
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 Innovative Soil Solutions and Action Plumbing Supply Providers of erosion control and geosynthetics in Texas; commercial and industrial PVF distributor in southeast Florida [7]
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 Process Instruments Supplier of process instrumentation, valves, and control valves [8]
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 Columbia Pipe & Supply Independent distributor headquartered in Chicago, Illinois [9]
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 S.W. Anderson Distributor specializing in HVAC equipment and supplies [10]
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 Signature Hardware Acquired for $210 million; subsequent legal action over earn-out payments ensued [11][12]
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 Monark Premium Appliances Purchased several locations from Transformco; financial terms were not disclosed [13]


References

  1. ↑ Anders, George (January 10, 2016). "Who'd Start A Tech Firm In Chico? Chris Friedland's Zany Path To Riches". Forbes.
  2. ↑ Bozick, Tara (12 June 2013). "Ferguson remains industry force after 60 years". Daily Press.
  3. ↑ "One of city's largest woman-owned businesses acquired". Indianapolis Business Journal. 10 December 2014.
  4. ↑ Brohan, Mark (October 9, 2015). "Build.com reportedly signs a deal for Living Direct". Digital Commerce 360.
  5. ↑ "Ridge Road Sells Kitchen Art to Ferguson Enterprises, Inc" (Press release). PR Newswire. March 12, 2019.
  6. ↑ "Ferguson acquires Mission Valley Pipe & Supply". Ferguson (Press release). 5 June 2019.
  7. ↑ "Ferguson expands geotextile and erosion control capabilities through recent acquisition". Ferguson (Press release). July 30, 2019.
  8. ↑ "Wolseley Industrial Group acquires Process Instruments & Controls, LLC". Ferguson (Press release). 9 September 2019.
  9. ↑ "Ferguson agrees to acquire Chicago based distributor Columbia Pipe & Supply" (Press release). Ferguson. February 19, 2020.
  10. ↑ "Ferguson acquires S.W. Anderson HVAC Supply". Ferguson (Press release). 12 November 2019.
  11. ↑ Demeropolis, Tom (October 20, 2016). "One of Cincinnati's largest and fastest-growing companies acquired". American City Business Journals.
  12. ↑ "MATTHEW C. BUTLER, Plaintiff-Appellant, v. FERGUSON ENTERPRISES, INC., Defendant-Appellee". May 10, 2021. Archived from the original on November 12, 2024.
  13. ↑ Ferguson PLC Reports First Quarter Results. Ferguson Enterprises (Report). December 6, 2022.

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