Ferguson closes fiscal year with nine acquisitions, totaling $300 million in annualized revenues.

Ferguson Enterprises closed its fiscal year with nine acquisitions, including HPS Specialties, Ritchie Environmental Solutions, Manufactured Duct & Supply Company, and Water Resources, with aggregate annualized revenues of approximately $300 million. The company aims to strengthen its expertise in water and wastewater systems, HVAC, and plumbing, and expand its customer relationships. Ferguson maintains a strong record of successful acquisitions and expects a healthy pipeline for the next fiscal year.

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) concluded its fiscal year with nine acquisitions, underscoring its strategy to strengthen its expertise and expand its market reach. The acquisitions, which closed between June and July 2025, include HPS Specialties, Ritchie Environmental Solutions, Manufactured Duct & Supply Company, and Water Resources, Inc. [1].

The acquisitions align with Ferguson's objective to bolster its capabilities in water and wastewater systems, HVAC, and plumbing. HPS Specialties, a manufacturer's representative for HVAC, plumbing, and hydronic supplies, will enhance Ferguson's entry into the mechanical room design and specification business in the Northeast and Mid-Atlantic. Ritchie Environmental Solutions, a process equipment manufacturer's representative, will strengthen Ferguson's expertise in water and wastewater system design. Manufactured Duct & Supply Company, an HVAC supplies and parts distributor, will bolster Ferguson's HVAC footprint and customer relationships in the Atlanta market. Water Resources, the exclusive distributor of Neptune Technology Group products and water meters in the greater Chicago metro area, will expand Ferguson's Neptune distribution rights and enhance its ability to drive product specification in a key municipal market [1].

The acquisitions, which aggregate to approximately $300 million in annualized revenues, are part of Ferguson's strategy to maintain a balanced business mix and a healthy pipeline for the next fiscal year. The company has a proven track record of successful geographic and capability bolt-on acquisitions, completing approximately 50 in the last five years. Ferguson's large, fragmented markets consist of over 10,000 small to medium-sized companies with revenues ranging from $10 million to $300 million across the $340 billion residential and non-residential North American construction market [1].

Ferguson Enterprises is the largest value-added distributor serving the specialized professional in the North American construction market. With a revenue of $29.6 billion in 2024 and approximately 35,000 associates in nearly 1,800 locations, Ferguson provides expertise and a wide range of products and services, including plumbing, HVAC, appliances, PVF, water and wastewater solutions, and more [2].

The company's strong financial performance and strategic acquisitions have garnered positive analyst sentiment. The average rating for FERG stock is "Buy," with a 12-month stock price target of $221.85, reflecting analysts' bullish outlook on Ferguson's growth prospects [2].

References:
[1] https://www.stocktitan.net/news/FERG/ferguson-closes-the-fiscal-year-with-nine-nli1gqo3wiws.html
[2] https://stockanalysis.com/stocks/ferg/