Ferguson Concludes Fiscal Year with Nine Acquisitions, Enhancing Market Presence and Capabilities

Ferguson Enterprises concluded the fiscal year with nine acquisitions, including four in Q4, enhancing its market presence and capabilities in HVAC, water treatment, and municipal segments. The acquisitions are expected to contribute approximately $300 million in aggregate annualized revenues. The company aims to capitalize on the large and fragmented North American construction market through its robust acquisition strategy.

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) concluded its fiscal year with nine acquisitions, including four in the fourth quarter, strengthening its market presence and capabilities in HVAC, water treatment, and municipal segments. The acquisitions are expected to contribute approximately $300 million in aggregate annualized revenues [1].

The company closed on four acquisitions during the fourth quarter: HPS Specialties, LLC, Ritchie Environmental Solutions, LLC, Manufactured Duct & Supply Company, and Water Resources, Inc. These acquisitions align with Ferguson's strategy to expand its service offerings and customer base across key markets [1].

HPS Specialties, LLC, a manufacturer’s representative of HVAC, plumbing, and hydronic supplies, was acquired on June 16, giving Ferguson entry into the mechanical room design and specification business in the Northeast and Mid-Atlantic regions [1]. Ritchie Environmental Solutions, LLC, a process equipment manufacturer’s representative serving the water and wastewater treatment market in Virginia, was acquired on June 24. This acquisition is expected to enhance Ferguson’s expertise in water and wastewater system design and collaboration on process equipment solutions [1].

Manufactured Duct & Supply Company (MDS), an HVAC supplies and parts distributor with duct board fabrication capabilities, was acquired on July 21. The acquisition will strengthen Ferguson’s HVAC footprint and customer relationships in the Atlanta market, further driving its ability to serve the dual-trade professional [1]. Water Resources, Inc., the exclusive distributor of Neptune Technology Group products and water meters in the greater Chicago metro area, was acquired on July 28. This acquisition expands Ferguson’s Neptune distribution rights and will enhance its ability to drive product specification in a key municipal market [1].

"We invest in acquisitions with talented associates, unique product offerings, and established customer and manufacturer relationships that strengthen our ability to serve the water and air specialized professional," said Ferguson CEO Kevin Murphy. "Our acquisitions this fiscal year spanned across six customer groups, strategically supporting our balanced business mix, and the pipeline remains healthy as we move into the next fiscal year" [1].

Ferguson maintains a strong record of successful geographic and capability bolt-on acquisitions, completing approximately 50 in the last five years. The large, fragmented markets in which Ferguson operates comprise 10,000+ small to medium ($10-300 million revenue) independent companies across the company’s $340B residential and non-residential North American construction market [1].

References:
[1] https://markets.ft.com/data/announce/detail?dockey=600-202508050645BIZWIRE_USPRX____20250805_BW647608-1
[2] https://www.morningstar.com/news/business-wire/20250805647608/ferguson-closes-the-fiscal-year-with-nine-acquisitions