Consolidation trend Mar 2015 Verified
Ferguson on tenth acquisition of fiscal year, continuing serial acquisition strategy
Ferguson described Redlon & Johnson as its tenth acquisition closed in the fiscal year, including waterworks, plumbing and HVAC companies, and said it will continue seeking acquisitions integrating with its core businesses.
“Redlon & Johnson is the 10th acquisition Ferguson has closed this fiscal year; previous acquisitions include waterworks, plumbing and HVAC companies. The company said it will continue to look for acquisitions that integrate seamlessly with its core businesses.”
Entities
Ferguson Enterprises · Acquirer
HVACPlumbing Sentiment: Positive
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