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New Deal


Announced

Completed

Ferguson completed the acquisition of Airefco.

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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Domestic

Acquisition

United States

Single Bidder

Electronic Equipment: Other

Friendly

ventilation

Completed

Majority

Private

air conditioning

Synopsis

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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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