M&A Deal Summary

Ferguson Waterworks Acquires HP Products

On June 9, 2014, Ferguson Waterworks acquired distribution company HP Products

Acquisition Highlights
  • This is Ferguson Waterworks’ 29th transaction in the Distribution sector.
  • This is Ferguson Waterworks’ 32nd transaction in the United States.
  • This is Ferguson Waterworks’ 2nd transaction in Indiana.

M&A Deal Summary
Date 2014-06-09
Target HP Products
Sector Distribution
Buyer(s) Ferguson Waterworks
Deal Type Add-on Acquisition

Target

HP Products

Indianapolis, Indiana, United States
HP Products Corp. is a distributor of janitorial, safety, packaging and laundry/dietary products serving customers in a variety of industries.

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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 32 of 52
Sector (Distribution) 29 of 36
Type (Add-on Acquisition) 30 of 49
State (Indiana) 2 of 4
Country (United States) 32 of 52
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Davis & Warshow

Maspeth, New York, United States

Davis & Warshow, Inc. is a residential and commercial plumbing supplier.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-21 Specialty Pipe & Tube

Mineral Ridge, Ohio, United States

Specialty Pipe & Tube is a distributor of hot finish, seamless, carbon steel pipe and tubing, with an emphasis on large outside diameters and exceptionally heavy wall thicknesses. Specialty Pipe & Tube was founded in 1964 and is based in Mineral Ridge, Ohio.

Sell $32M
Mergr

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