M&A Deal Summary

Ferguson Waterworks Acquires Amerock

On January 1, 2021, Ferguson Waterworks acquired building materials company Amerock from Nova Capital Management

Acquisition Highlights
  • This is Ferguson Waterworks’ 7th transaction in the Building Materials sector.
  • This is Ferguson Waterworks’ 50th transaction in the United States.
  • This is Ferguson Waterworks’ 2nd transaction in Maryland.

M&A Deal Summary

Date 2021-01-01
Target Amerock
Sector Building Materials
Buyer(s) Ferguson Waterworks
Sellers(s) Nova Capital Management
Deal Type Add-on Acquisition

Target

Amerock

Columbia, Maryland, United States
Amerock is a manufacturer of decorative cabinet and drapery hardware and accessories for kitchen and bathroom. Amerock is based in Columbia, Maryland.

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Buyer(S) 1

Buyer

Ferguson Waterworks

Newport News, Virginia, United States

Category Company
Founded 1953
Sector Distribution
Employees1,900
DESCRIPTION

Ferguson is a diverse wholesale distributor with operations spanning multiple business groups. The company is ranked by trade publications as the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings(PVF) in the US. It is also the fourth largest distributor of heating and cooling equipment (HVAC/R) and the second largest company within the waterworks industry.


DEAL STATS #
Overall 50 of 52
Sector (Building Materials) 7 of 7
Type (Add-on Acquisition) 47 of 49
State (Maryland) 2 of 2
Country (United States) 50 of 52
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-12 Kitchen Art

Coral Springs, Florida, United States

Kitchen Art is a provider of kitchen and bathroom cabinetry design, installation and remodelling services. Kitchen Art partners with mid-to-high-end builders that develop master planned communities to offer home buyers customized cabinet upgrade programs. Kitchen Art was founded in 1989 and is based in Coral Springs, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-18 The Kitchen Showcase

Centennial, Colorado, United States

The Kitchen Showcase is a kitchen and bath design center, providing design services, procurement, and installation of cabinets and hardware, as well as procurement of countertops and appliances for kitchen, bath, outdoor living, and other home applications. With more than 18,000 square feet of state-of-the-art showroom and warehouse space, TKSI serves homebuilders, remodeling contractors, and homeowners across the the Front Range of Colorado. TKSI’s market leadership is built on a customer-centric culture of accountability, and powered by technology-enabled infrastructure and proprietary software that deliver superior results. The Kitchen Showcase was formed in 1984 and is based in Centennial, Colorado.

Buy -

Seller(S) 1

SELLER

Nova Capital Management

London, United Kingdom

Investor Investor Investor Investor Investor


Category Secondary Investor
Founded 2002
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Nova Capital Management Limited is a private equity firm that highly focuses on corporate and private equity portfolios companies located in the UK, US and Europe. The firm looks to Invest in companies with a enterprise value of £ 50 – 500 million. Areas of interest include engineering & manufacturing, healthcare & pharmaceuticals, services & distribution, technology and media & telecoms. Nova Capital Management Limited is formed in 2002 and is based in London.


DEAL STATS #
Overall 36 of 37
Sector (Building Materials) 3 of 3
Type (Add-on Acquisition) 15 of 15
State (Maryland) 1 of 1
Country (United States) 13 of 14
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-08 Shur-Line

Waukesha, Wisconsin, United States

Shur-Line is a manufacturer of paint related tools and accessories. Shur-Line was founded in 1945 and is based in Waukesha, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Walbro

Tucson, Arizona, United States

Walbro is a large manufacturer of carburetors and a major manufacturer of ignition systems, fuel injection and air/fuel management components, and fuel storage and delivery components for engines targeted at outdoor power equipment, marine, recreational and two-wheel applications. Walbro is based in Tucson, Arizona.

Buy -