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Ferguson Acquires Bruce Supply Corp, The Kennedy Companies And S. G. Torrice

Aug 02, 2023•about 2 years ago

Acquiring Company

Ferguson Enterprises

Acquired Company

Bruce Supply CorpThe Kennedy Companies

Delaware

Description

Ferguson plc (NYSE: FERG; LSE: FERG) announces the acquisition of Bruce Supply Corp (Bruce Supply), a plumbing distributor; The Kennedy Companies (Kennedy), a waterworks distributor; and S. G. Torrice, an HVAC distributor. All three acquisitions closed in the fourth quarter of fiscal year ending July 31, 2023, and generate aggregate annualized revenues of approximately $450 million.

Company Information

Company

Ferguson Enterprises

Location

Delaware, United States

About

Ferguson Enterprises Inc. is a newly incorporated corporation under the laws of Delaware, and it is an important part of the merger and acquisition activities of the Ferguson plc. The company is committed to the successful implementation of the merger agreement with Ferguson plc and other related activities.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed