Reece - M&A Summary and Business Overview

DistributionCompany

Reece M&A Summary

Reece has acquired 2 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Reece’s largest acquisition to date was in 2018, when it acquired MORSCO for $1.4B. Reece has acquired in 2 different US states. The Company’s most targeted sectors include distribution (100%).

Reece Business Overview

Where is Reece headquartered?

Reece is headquartered in Cremorne, Australia.

What is Reece’s revenue?

Reece disclosed revenue of 9,105M AUD for 2024 and 8,840M AUD for 2023.

How many employees does Reece have?

Reece has 9,000 employees.

What sector is Reece in?

Reece is a distribution company.

When was Reece founded?

Reece was founded in 1920.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 5

Reece

Reece Ltd.

57 Balmain Street,
Cremorne, VIC 3121
Australia,
+61 3 9274 0000
www.reecegroup.com.au

Reece is a distributor of plumbing, waterworks, and HVAC products in Australia. The Company operates a plumbing and bathroom supplies business, as well as 8 others in allied industries. Reece was founded in 1920 and is based in Cremorne, Australia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $1.6B $1.6B
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
Todd Pipe & Supply Co. 2019-09-09 160M USD Divestiture
Anaheim, California · www.toddpipe.com
MORSCO, Inc. 2018-05-07 1.4B USD Add-on Acquisition
Forth Worth, Texas · www.morsco.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Distribution 2 (100%) 1.6B (100%) - -
Total 2 $1.6B - -

By Geo

State/Country Buy Value Sell Value
United States 2 1.6B - -
  Texas 1 1.4B - -
  California 1 160M - -
Total 2 $1.6B - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 1
Ernst & Young Capital Advisors LLC
 1
Legal Deals
Linklaters
 1
Allens
 1
DLA Piper
 1

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $160M
TOTAL $1.6B
Largest MORSCO, Inc.
$1.4B (2018-05-07)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Strategic(s)
50%
1 (50%)

Company Summary

SECTOR

Distribution

Revenue

9,105   3% 2024
8,840   16% 2023
7,654   23% 2022
6,271   5% 2021
6,010   10% 2020
5,464   104% 2019
2,689   11% 2018
2,429   7% 2017
2,276   10% 2016
2,085   18% 2015
1,776   16% 2014
1,535   2013
(millions of AUD) Show More Show Less

Employees

9,000

Established

1920

Public

Australia (ASX): REH

Former Name

Reece Australia Ltd.

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