Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG), Newport News-based distributor in the residential and nonresidential construction market, acquired Gerster Equipment Co. and United Water Works Inc.
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Headquartered in Buffalo, N.Y., with a second location in Syracuse, N.Y., Gerster Equipment is a distributor of Trane and Mitsubishi HVAC brands. This acquisition allows Ferguson to advance its dual-trade strategy by linking HVAC and plumbing in these regions, making it easier for the dual-trade contractor to do business with Ferguson.
United Water Works, Santa Ana, Calif., is a distributor of piping and water, storm and sewer products serving the Orange County and greater Los Angeles areas. This acquisition expands United Water Works’ product offering to include erosion control and stormwater management products and strengthens Ferguson’s Waterworks presence in Southern California.
Ferguson had 10 acquisitions by the end of fiscal year 2024, which ended on July 31, 2024. Ferguson has completed more than 50 acquisitions in the past five years, expanding the business to more 10,000+ locations across North America.
“We’ve had a good mix of acquisitions this fiscal year from plumbing and HVAC to waterworks and fire protection,” said Ferguson CEO Kevin Murphy. “These acquisitions are important part of our growth strategy, and our pipeline is strong moving into the next fiscal year.”
