M&A Deal Summary

Ferguson Waterworks Acquires Kennametal - Full Service Supply Division

On April 7, 2005, Ferguson Waterworks acquired distribution company Kennametal - Full Service Supply Division from Kennametal for 41M USD

Acquisition Highlights
  • This is Ferguson Waterworks’ 5th transaction in the Distribution sector.
  • This is Ferguson Waterworks’ largest (disclosed) transaction.
  • This is Ferguson Waterworks’ 5th transaction in the United States.
  • This is Ferguson Waterworks’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2005-04-07
Target Kennametal - Full Service Supply Division
Sector Distribution
Buyer(s) Ferguson Waterworks
Sellers(s) Kennametal
Deal Type Divestiture
Deal Value 41M USD
Advisor(s) League Park Advisors LLC (Financial)

Target

Kennametal - Full Service Supply Division

Latrobe, Pennsylvania, United States
Kennametal's full service supply division provides integrated supply chain and logistics management to large and medium-sized metalworking plants.

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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 5 of 52
Sector (Distribution) 5 of 36
Type (Divestiture) 1 of 3
State (Pennsylvania) 1 of 2
Country (United States) 5 of 52
Year (2005) 3 of 14
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-02-01 Mecko Supply

Charlotte, North Carolina, United States

Mecko Supply Co., Inc. is a wholesale distributor of plumbing products from two locations in Charlotte, North Carolina, and primarily serves the residential and commercial markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-02 United Supply & Distributing

Baltimore, Maryland, United States

United Supply & Distributing Co. is a distributor of HVAC products operating from three branches in Maryland and Virginia.

Buy -

Seller(S) 1

SELLER

Kennametal

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1938
Sector Machinery
Employees8,700
Revenue 2.1B USD (2023)
DESCRIPTION
Kennametal trade show display booth at the 2014 IMTS show in Chicago.
Kennametal trade show display booth at the 2014 IMTS show in Chicago.

Kennametal is a provider of innovative resistant products, application engineering and services backed by advanced material science, serving customers in 60 countries across diverse sectors of aerospace, earthworks, energy, industrial production, transportation and infrastructure. Kennametal was founded in 1938 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 2 of 8
Sector (Distribution) 1 of 2
Type (Divestiture) 2 of 8
State (Pennsylvania) 1 of 4
Country (United States) 2 of 7
Year (2005) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-01 Extrude Hone

Irwin, Pennsylvania, United States

Extrude Hone is a supplier of engineered component process technology to customers in a variety of industries around the world. Extrude Hone processes and materials, which focus on component deburring, polishing, and producing controlled radii, are designed to improve the customer's performance in both their manufacturing processes and end products. Extrude Hone was founded in 1951 and is based in Irwin, Pennsylvania.

Buy $137M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 VMB / Diva-Tec Group

Germany

VMB / Diva-Tec Group supplier of ECM (Electro Chemical Machining) technologies and solutions.

Buy -