Ferguson continues its strategic growth with four new acquisitions

WOKINGHAM, England – (BUSINESS WIRE) – Ferguson plc (NYSE: FERG; LSE: FERG) announces the completion of four acquisitions: Southwest Geo-Solutions, Inc., AVCO Supply, Inc., GAR Engineering and Safe Step Tubs of Minnesota, Inc. In total, the company completed eight acquisitions during this fiscal year ending July 31, 2024. Combined annual revenue from all acquisitions for this fiscal year is approximately $350 million.

Southwest Geo-Solutions, Inc.
Southwest Geo-Solutions is a full-service distributor of erosion control, insulation, geotextiles and geogrids based in Austin, Texas. This acquisition expands Ferguson’s water footprint in the Central and Southwest regions and supports the diversification of its erosion control and stormwater management operations.

AVCO Supply, Inc.
AVCO, located in Levittown, Pennsylvania, is a leading distributor of boilers and hot water heaters, offering design and specification services to both commercial and residential contractors. The acquisition of AVCO strengthens Ferguson’s commitment to providing technical solutions to mechanical contractors and complements our strengths in the commercial pipe, valve and fitting categories and hydraulic categories in the Philadelphia market.

GAR Engineering, Inc.
GAR Engineering, Inc. is a fire protection engineering and design services firm based in Concord, North Carolina. The acquisition of GAR Engineering will enable Ferguson to expand its range of fire protection design and engineering services.

Safe Step Tubs by Minnesota, Inc.
Safe Step MN is an independently owned dealership licensed to sell and install Safe Step tubs and showers in the Midwest, serving the growing senior/aging market. This acquisition builds on the successful acquisition of Safe Step Walk-in Tub Company in 2018, a leading supplier of walk-in tubs in the U.S., and the subsequent acquisition of two independent dealers in 2022, bringing all Safe Step nationwide dealers and installers Services for Ferguson.

“We continue to complement our organic growth strategy with potential and direct acquisitions that fit the culture of our organization,” said CEO Ferguson Kevin Murphy. “These four companies not only expand our geographic reach, product offerings and capabilities, but also add talented colleagues to Ferguson. Their knowledge and strong customer relationships are an invaluable asset that will help drive results and increase market share.”

Ferguson has a proven track record of successful acquisitions and has completed over 50 acquisitions over the past five years. The large, fragmented markets in which Ferguson operates include more than 10,000 small and medium-sized (revenue $10 million to $300 million) independent businesses across Ferguson’s nine customer groups in North America.

About Ferguson

Ferguson plc (NYSE: FERG; LSE: FERG) is a leading value-added distributor in North America, offering expertise, solutions and products ranging from infrastructure, plumbing and appliances to HVAC, fire protection, manufacturing and more. We exist to make our clients’ complex projects simple, effective and durable. Ferguson is headquartered in the United Kingdom, with operations and associates focused exclusively on North America and managed from Newport News, Virginia. More information can be found at www.corporate.ferguson.com or on LinkedIn linkedin.com/company/ferguson-enterprises.