Ferguson Completes Four Acquisitions During Q4 and Reports FY2024 Results

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 plc Acquires Yorkwest Plumbing, Grove Supply and Harway Appliances

January 9, 2024

Building Products

Ferguson plc has signed definitive agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., and closed the acquisition of Harway Appliances, with the three businesses having aggregate annualized revenues of approximately $220 million. The bolt-on deals expand Ferguson's plumbing, HVAC and showroom footprint across Canada and the U.S., and Harway closed on Jan. 8 while Yorkwest and Grove are expected to close within 90 days subject to customary conditions.

BlackLine Acquires FourQ Systems

January 27, 2022

Software

BlackLine, Inc. completed the acquisition of FourQ Systems, Inc. to integrate FourQ's intercompany financial management and tax/transfer-pricing capabilities into BlackLine's cloud financial operations platform. The deal closed Jan. 26, 2022 for $165 million in cash at close plus up to $75 million in earnouts, enhancing BlackLine's intercompany automation and compliance offerings for multinational finance teams.

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.

Ferguson Enterprises Acquires HPS Specialties, LLC

August 5, 2025

Building Products

Ferguson Enterprises Inc. acquired HPS Specialties, LLC, a manufacturer's representative and distributor of specialty HVAC, plumbing and hydronic products, in a deal that closed on June 16, 2025. The acquisition expands Ferguson's specialty and engineered product capabilities and strengthens its East Coast footprint.

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.