“We have sales declines during two of the first three months of cooling season versus the boom times of 2022,” said Brian Loftus, macroeconomic and residential market analyst at HARDI.

Together, Bruce Supply Corp, The Kennedy Companies, and S.G. Torrice generate annualized revenues of approximately $450 million. All three acquisitions closed in the fourth quarter of the Ferguson fiscal year that ended July 31.

The annual sales growth for the 12 months through May 2023 was 9.1%.

"Mankato, our 54th location, symbolizes another step forward in our journey,” said Paul Kennedy, Dakota Supply Group president and CEO.

F.W. Webb was awarded four and a half stars out of five based on feedback from employees.

Participants will have the chance to develop skills in core areas that lead directly to sales success, including leadership, time management, communication, financial understanding, and performance coaching.

The move will enhance the HVAC and building automation offerings at HTS, the company said.