Ferguson Enterprises Acquires HPS Specialties, LLC

Ferguson plc Acquires Four U.S. Specialty Distributors and Service Providers

May 22, 2024

Building Products

Ferguson plc has closed four bolt-on acquisitions in the U.S.: Southwest Geo-Solutions, AVCO Supply, GAR Engineering and Safe Step Tubs of Minnesota. The deals expand Ferguson’s geographic footprint and capabilities across erosion control, hydronics/boilers, fire protection engineering and walk-in tub sales & installation as part of its ongoing inorganic growth program.

Ferguson Enterprises Acquires Independent Pipe & Supply and National Fire (Equipment & Fabrication)

April 16, 2025

Building Products

Ferguson Enterprises has closed two bolt-on acquisitions: Independent Pipe & Supply Corp., a PVF and commercial plumbing distributor based in Canton, Massachusetts, and National Fire Equipment Ltd. and National Fire Fabrication Ltd., a Toronto-based fire protection products and fabrication business. The deals expand Ferguson's commercial plumbing and mechanical footprint in New England and strengthen its Fire & Fabrication capabilities and presence in Canada.

Hydrite Acquires Enterprise Specialty Products, Inc.

September 4, 2025

Manufacturing

Hydrite, a family-owned chemical manufacturer headquartered in Brookfield, Wisconsin, acquired Enterprise Specialty Products, Inc. (ESP), a Laurens, South Carolina-based foam control product provider, effective September 3, 2025. The deal expands Hydrite’s product portfolio and marks its entrance into the U.S. Southeast region; ESP founder Allen Waters will continue to oversee day-to-day operations to ensure continuity for customers and employees.

BlackRock Acquires HPS Investment Partners

July 1, 2025

Financial Services

BlackRock has completed its acquisition of HPS Investment Partners and is creating a combined Private Financing Solutions (PFS) platform that integrates BlackRock’s public fixed income capabilities with HPS’s private credit, GP/LP, and CLO businesses. The combined PFS franchise will manage approximately $190 billion in client assets for private credit and maintain HPS branding as “HPS, a part of BlackRock,” with HPS CEO Scott Kapnick joining as an observer to the BlackRock board.

HPS Investment Partners Acquires Majority Stake in SGS & Co

May 1, 2023

Marketing & Advertising

HPS Investment Partners has completed a transaction to acquire a majority equity stake in SGS & Co, a global provider of technology-enabled brand design, digital marketing, and packaging artwork services. The deal restructures SGS's capital structure with substantial debt reduction and positions the company to accelerate investments in technology, automation, and service expansion.

Ferguson plc Acquires Bruce Supply Corp., The Kennedy Companies and S. G. Torrice

August 2, 2023

Building Products

Ferguson plc has acquired three U.S. distributors—Bruce Supply Corp., The Kennedy Companies and S. G. Torrice—closing in the fourth quarter of its fiscal year to expand its plumbing, waterworks and HVAC distribution capabilities. The three businesses generate approximately $450 million of aggregate annualized revenue and extend Ferguson’s reach in the NYC Metro, Mid‑Atlantic and New England regions.