Morsco (Advent International portfolio company) signs agreement to acquire Fortiline Waterworks

Morsco, an Advent International portfolio company, signed a definitive agreement to acquire Fortiline Waterworks, a CHS Capital portfolio company, as its waterworks distribution platform; Advent will make a significant new equity investment to support the deal.

“Morsco Inc., a distributor of commercial and residential plumbing products, HVAC equipment, and pipe, valves and fittings (PVF), announced it has signed a definitive agreement to acquire Fortiline Waterworks, a portfolio company of CHS Capital LLC and one of the largest waterworks distributors in the U.S., as its waterworks distribution platform.”

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