NEWPORT NEWS, Va. — Ferguson recently announced the acquisition of three distribution companies: Bruce Supply Corp., a plumbing distributor; The Kennedy Companies, a waterworks distributor; and S. G. Torrice, an HVAC distributor.
All three acquisitions closed in the fourth quarter of the Ferguson fiscal year that ended July 31. Together, the companies generate annualized revenues of approximately $450 million.
“Bruce Supply, Kennedy, and S. G. Torrice are great cultural fits for Ferguson and will help us better serve commercial mechanical, waterworks, and plumbing and HVAC trade professionals in key growing markets across the U.S.,” said Kevin Murphy, Ferguson CEO, in a press release. “All three companies have great reputations and associates with strong local customer relationships that will help fuel our future organic growth.”
Bruce Supply Corp. is a plumbing distributor that serves commercial, mechanical, residential, HVAC, and fire and fabrication contractors in the New York City area. Founded in 1969, Bruce is headquartered in Brooklyn and has six locations in New York and New Jersey. With this acquisition, Ferguson enhances its plumbing, pipe, valve and fittings, hydronics, and fire protection and fabrication offerings in the NYC area, the company said.
Founded in 1973 and headquartered in Mount Laurel, N.J., Kennedy is a distributor of piping and related water, storm, sewer, and erosion-control products. Kennedy has nine locations in New Jersey, Pennsylvania, Virginia, and North Carolina. Its acquisition by Ferguson expands the company’s pipe, valve, and fittings, geotextile, stormwater, and erosion-control capabilities to more water and waste treatment plant and municipal customers in the Mid-Atlantic region, the company said.
S. G. Torrice is a distributor of HVAC equipment, parts, and supplies in the New England region. Founded in 1958, it is headquartered in Wilmington, Mass., and has 15 locations in Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont. With the closing of this previously announced acquisition, Ferguson can further serve dual-trade plumbing and HVAC professionals in the New England region, the company said.
