M&A Deal Summary

Ferguson Waterworks Acquires Grand Junction Pipe & Supply

On September 24, 2018, Ferguson Waterworks acquired building materials company Grand Junction Pipe & Supply from Summit Materials

Acquisition Highlights
  • This is Ferguson Waterworks’ 6th transaction in the Building Materials sector.
  • This is Ferguson Waterworks’ 47th transaction in the United States.
  • This is Ferguson Waterworks’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2018-09-24
Target Grand Junction Pipe & Supply
Sector Building Materials
Buyer(s) Ferguson Waterworks
Sellers(s) Summit Materials
Deal Type Divestiture

Target

Grand Junction Pipe & Supply

Grand Junction, Colorado, United States
GJP supplies irrigation and utility water pipe, valve fittings and accessory items to local utility districts, contractors, golf courses and the agricultural sector on the western slope of Colorado. GJP was part of Summit’s earlier acquisition of an aggregates-based business in Grand Junction, Colorado.

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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 47 of 52
Sector (Building Materials) 6 of 7
Type (Divestiture) 3 of 3
State (Colorado) 3 of 4
Country (United States) 47 of 52
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-17 Endries International

Brillion, Wisconsin, United States

Endries International, Inc. is a distributor of fasteners and Class-C parts serving industrial Original Equipment Manufacturers (OEMs) worldwide. Endries provides over 500,000 SKUs to its customer base. Endries operates primarily through a Vendor Managed Inventory model, managing C-part categories for its customers across diverse industrial end markets. Endries partners with OEM customers through robust replenishment systems that provide products and support services which are critical to maintaining the manufacturing process.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Capital Distributing

Dallas, Texas, United States

Capital Distributing, Inc. offers a wide selection of appliance brands and delivery and installation services for builders, remodelers, architects, designers and consumers.

Buy -

Seller(S) 1

SELLER

Summit Materials

Denver, Colorado, United States

Category Company
Founded 2009
Sector Building Materials
Revenue 2.6B USD (2023)
DESCRIPTION

Summit Materials is a vertically integrated materials-based company that supplies aggregates, cement, ready-mix concrete and asphalt in the United States and British Columbia, Canada. Summit is a geographically diverse, materials-based business of scale that offers customers a single-source provider of construction materials and related downstream products in the public infrastructure, residential and non-residential end markets. Summit Materials was founded in 2009 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-06 Razorback Concrete

West Memphis, Arizona, United States

Razorback Concrete Co. is a provider of ready-mix concrete in Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Argos USA

Alpharetta, Georgia, United States

Argos USA is a provider of ready-mixed concrete that focuses on the production of specialty construction materials like color masonry cement, mortars, and unique concrete mixes. Argos USA was formed in 1936 and is based in Alpharetta, Georgia.

Buy $3.2B