M&A Deal Summary

Ferguson Waterworks Acquires LAB Distributing

On November 8, 2005, Ferguson Waterworks acquired distribution company LAB Distributing

Acquisition Highlights
  • This is Ferguson Waterworks’ 15th transaction in the Distribution sector.
  • This is Ferguson Waterworks’ 15th transaction in the United States.
  • This is Ferguson Waterworks’ 3rd transaction in North Carolina.

M&A Deal Summary
Date 2005-11-08
Target LAB Distributing
Sector Distribution
Buyer(s) Ferguson Waterworks
Deal Type Add-on Acquisition

Target

LAB Distributing

Raleigh, North Carolina, United States
LAB Distributing, Inc. is the largest independent dealer of General Electric appliances in the Raleigh-Durham, North Carolina market. Company distributes home appliances. Its products include refrigerators, dishwashers, gas, compactors, outdoor cooking units.

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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 15 of 52
Sector (Distribution) 15 of 36
Type (Add-on Acquisition) 13 of 49
State (North Carolina) 3 of 3
Country (United States) 15 of 52
Year (2005) 13 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-31 John H. Frischkorn Jr.

Richmond, Virginia, United States

Frischkorn is a wholesale distributor of industrial process piping components including pipe, valves and fittings and related products and services to industrial markets in the mid-Atlantic and Southeastern USA. Frischkorn has a branch network of 17 locations across six states and is headquartered in Richmond, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-11-22 Mobile Supply

Mobile, Alabama, United States

Mobile Supply Co. Inc. is a heating, ventilation and air-conditioning (HVAC) distributor operating from a branch in Mobile, Alabama and a branch in Pensacola, Florida.

Buy -
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