Ferguson continues its strategic growth with four new acquisitions

Ferguson limited liability company announces the closing 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 in this fiscal year ending July 31, 2024. Annual revenue from all acquisitions in 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 bathtubs from Minnesota Inc.

Safe Step Minnesota 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 Kevin Murphy, CEO of Ferguson. “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 (revenues ranging from $10 million to $300 million) independent businesses across Ferguson’s nine customer groups in North America.

Read the full press release.