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Announced

Completed

Ferguson completed the acquisition of Old Dominion and Atlantic Construction Fabrics.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Majority

HVAC contractor

Mechanical and Electrical Maintenance

Building Materials: Other

Completed

geotextile

Acquisition

Private

Friendly

Cross Border

Single Bidder

Synopsis

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Ferguson, an Anglo-American multinational plumbing and heating products distributor, completed the acquisition of Old Dominion Supply, a provider of HVAC products, and Atlantic Construction Fabrics, a geotextile company. Financial terms were not disclosed. "The acquisition of Old Dominion continues our expansion within the HVAC market, giving us greater vendor and product synergies in the Washington DC metro area, Maryland and Northern Virginia. ACF adds a large geographic footprint along the East Coast and additional geotextile capabilities which will further diversify our Waterworks business and complement our existing customer offering in geosynthetics, erosion control and stormwater management," Kevin Murphy, Ferguson CEO.

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