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Add-on acquisition · Closed Aug 2023 Verified

Ferguson closes acquisition of three distribution firms (Bruce Supply, Kennedy, S.G. Torrice)

Relationship map

Relationship map for Ferguson closes acquisition of three distribution firms (Bruce Supply, Kennedy, S.G. Torrice)parent ofFerguson: PlatformFEFergusonThe Kennedy Companies: Operating CompanyTKThe Kennedy Companies
Operating CompanyPlatform

Parties

Acquirer
Ferguson
Platform
Target
The Kennedy Companies
Operating Company

Market signals

Summary

Ferguson acquired three distribution companies — Bruce Supply Corp. (plumbing), The Kennedy Companies (waterworks), and S.G. Torrice (HVAC) — closing in Q4 of its fiscal year ended July 31, with combined annualized revenues of roughly $450 million.