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New Deal


Announced

Completed

Ferguson Enterprises completed the acquisition of Bruce Supply, The Kennedy Companies and S. G. Torrice.

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

HVAC distributor

Specialty Contracting

Acquisition

Cross Border

Private

Majority

Completed

Friendly

Single Bidder

Synopsis

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Ferguson Enterprises, a HVAC products supplier, completed the acquisition of Bruce Supply, a plumbing distributor, The Kennedy Companies, a waterworks distributor, and S. G. Torrice, a full-service HVAC distributor. Financial terms were not disclosed. "Bruce Supply, Kennedy and S. G. Torrice are great cultural fits for Ferguson and will help us better serve commercial mechanical, waterworks, and plumbing and HVAC trade professionals in key growing markets across the US. All three companies have great reputations and associates with strong local customer relationships that will help fuel our future organic growth," Kevin Murphy, Ferguson CEO.

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