Reece Group to acquire MORSCO for $1.44B

Australian plumbing and HVAC supplier Reece Group has entered into a binding agreement to acquire Fort Worth-based distributor MORSCO Inc. for $1.44 billion, including debt. The deal marks Reece Group's first acquisition outside of Australia and New Zealand.

“Reece Group, a leading provider of plumbing, waterworks and HVAC suppliers in Australia, has entered into a binding agreement to acquire Fort Worth-based MORSCO Inc., a leading U.S. distributor of similar products. The deal is valued at $1.44 billion including debt.”

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