Ferguson Acquires Nine Companies, Expanding Footprint and Capabilities

Ferguson Enterprises closed its fiscal year with nine acquisitions, including four in Q4. The acquisitions add new capabilities and strengthen Ferguson's footprint in the HVAC, plumbing, and hydronic supplies market. The company's acquisition pipeline remains healthy as it moves into the next fiscal year. Ferguson has completed approximately 50 acquisitions in the last five years, expanding its presence in the residential and non-residential North American construction market.

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announced the completion of nine acquisitions during its fiscal year 2025, with four deals finalized in the fourth quarter. The acquisitions, totaling approximately $300 million in aggregate annualized revenues, expand the company's capabilities and strengthen its footprint in the HVAC, plumbing, and hydronic supplies market [1].

The fourth-quarter acquisitions include HPS Specialties, Ritchie Environmental Solutions, Manufactured Duct & Supply Company, and Water Resources. HPS Specialties, a manufacturer's representative of HVAC, plumbing, and hydronic supplies, serves commercial mechanical and industrial engineering professionals. The acquisition closed on June 16 and provides Ferguson with entry into the mechanical room design and specification business in the Northeast and Mid-Atlantic [1].

Ritchie Environmental Solutions, a process equipment manufacturer's representative serving the water and wastewater treatment market in Virginia, closed 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 serving residential and light commercial contractors throughout metro Atlanta and the Southeast, closed on July 21. The acquisition strengthens Ferguson's HVAC footprint and customer relationships in the Atlanta market [1].

Water Resources, an exclusive distributor of Neptune Technology Group products and water meters in the greater Chicago metro area, closed on July 28. This acquisition expands Ferguson's Neptune distribution rights and enhances its ability to drive product specification in a key municipal market [1].

Ferguson's CEO, Kevin Murphy, stated, "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 acquisitions, completing approximately 50 in the last five years. The company operates in fragmented markets, comprising 10,000+ small to medium ($10-300 million revenue) independent companies across the $340 billion residential and non-residential North American construction market [2].

References:
[1] https://www.mdm.com/news/operations/mergers-acquisitions/ferguson-announces-4-acquisitions-as-its-fiscal-year-ends/
[2] https://www.morningstar.com/news/business-wire/20250805647608/ferguson-closes-the-fiscal-year-with-nine-acquisitions