Reece - M&A Summary and Business Overview

Building MaterialsCompany

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 Burwood, Australia.

What is Reece’s revenue?

Reece disclosed revenue of 6,010M AUD for 2020 and 5,464M AUD for 2019.

How many employees does Reece have?

Reece has 8,000 employees.

What sector is Reece in?

Reece is a building materials 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.

118 Burwood Highway,
Burwood, VIC 3125
Australia,
+61 3 9274 0000
www.reecegroup.com.au

Reece is a distributor of plumbing, waterworks, and HVAC products in Australia. Reece Ltd. operates Australia's largest plumbing and bathroom supplies business, as well as 8 others in allied industries. Reece Ltd. expanding into fresh areas, developing new technologies and systems and pioneering innovative products. Reece was founded in 1920 and is based in Burwood, 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
DLA Piper
 1
Linklaters
 1
Allens
 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

Building Materials

Revenue

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

8,000

Established

1920

Public

Australia (ASX): REH

Former Name

Reece Australia Ltd.

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