Announced
Completed
Financials
Sources
Tags
Domestic
Acquisition
United States
Single Bidder
Electronic Equipment: Other
Friendly
ventilation
Completed
Majority
Private
air conditioning
Synopsis
Ferguson, a HVAC services provider, completed the acquisition of Airefco, a distributor of HVAC equipment, parts and supplies in the Pacific Northwest. Financial terms were not disclosed. "Airefco has a strong market reputation for quality associates, products and customer relationships. Airefco joining Ferguson will support our dual trade strategy for the plumbing and HVAC contractor and will help us accelerate the geographic expansion of our HVAC business in the Pacific Northwest. It will also provide us with a larger multi-brand footprint and an opportunity to expand the Carrier network in the region's growing residential and commercial markets," Kevin Murphy, Ferguson CEO.
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