Deal closed Jul 2018 · United States (Sun Belt) Verified
Reece Group completes MORSCO acquisition (U.S. market entry)
Australian plumbing/HVAC/waterworks distributor Reece Group completed its acquisition of MORSCO, entering the U.S. plumbing market via MORSCO's 170-plus branches across 16 Sun Belt states. MORSCO is to operate as a separate company with existing management retained.
“The Reece Group, an Australian provider of plumbing, HVAC, and waterworks products, has completed its acquisition of MORSCO.”
Entities
MORSCO · Target Reece Group · Acquirer
HVACPlumbing
Source: www.achrnews.com
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.