Type | subsidiary |
---|---|
Founded | 1953 Birmingham, Alabama, U.S. |
Headquarters | Newport News, Virginia |
Products |
|
Parent | Ferguson plc |
Website | www.ferguson.com |
Ferguson, LLC, headquartered in Newport News, Virginia, United States, is the largest U.S. distributor of plumbing supplies (under the brand name ProFlo), PVF, waterworks and fire and fabrication products. It is also a major distributor of HVAC equipment and industrial products and services. [1] It ended the 2019 fiscal year with sales of $18.4 billion. [2] This is an increase of 12.2 percent from the previous fiscal year. [3]
Ferguson was founded in 1953. The company started with two locations: Lenz Supply and Smither Supply. Expansion continued throughout the Southeast and Ferguson established its headquarters in Newport News, Virginia.
By 1982 Ferguson began to double in size every five years and had locations in 11 states. Wolseley plc then acquired Ferguson. In 1989, Ferguson integrated with West Coast wholesale suppliers Familian and Familian Northwest.
In the late 2000s, Ferguson's growth began to slow as the recession hit traditional construction markets. In response to the market change, Ferguson shifted the business focus on efficiency. [4] Wolseley plc changed its name to Ferguson plc in 2017. [5] Ferguson Enterprises accounts for 90 percent of Ferguson plc's trading profit and is traded on the London Stock Exchange. [6] In 2019, the Board of Ferguson announced an intention to demerge their UK operations so that Wolseley UK and Ferguson could focus on serving their respective customers. [7] In the same year, activist fund Trian Fund Management became an investor of Ferguson Plc with a 6% stake. [8]
Ferguson's 2019 growth trended on an upward trajectory. The company ended the 2019 fiscal year with sales of $18.4 billion, and reported a growth of 6.2 percent on an organic basis. An additional 4.2 percent of growth came from acquisitions. Ferguson employs over 27,000 associates. [9]
Kevin Murphy was appointed CEO in 2017. [10] Alex Hutcherson is COO [11] and Bill Brundage is CFO. [12]
Acquisitions are a part of Ferguson's business model. [13]
In the fiscal years before 2019, Ferguson made the following acquisitions:
In the 2019 and 2020 fiscal years, Ferguson announced the following acquisitions:
Ferguson has a philanthropic division known as Ferguson Cares. [15] Ferguson is also a National Partner with Homes for Our Troops [16] and SkillsUSA, [17] DIGDEEP [18] the mikeroweWORKS Foundation [19] and IWSH [20] Ferguson also reports efforts to support women in the skilled trades. [21] The company won the Darden Award for Regional Leadership in 2018. [22]
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Cardinal Health, Inc. is an American multinational health care services company, and the 14th highest revenue generating company in the United States. Headquartered in Dublin, Ohio, the company specializes in the distribution of pharmaceuticals and medical products, serving more than 100,000 locations. The company also manufactures medical and surgical products, including gloves, surgical apparel, and fluid management products. In addition, it operates one of the largest networks of radiopharmacies in the U.S. Cardinal Health provides medical products to over 75 percent of hospitals in the United States.
Ferguson plc is a British multinational plumbing and heating products distributor with its head office in Wokingham, England. Its brands include Ferguson Enterprises.
Wolseley UK is a supplier of building materials, with trade customers accounting for the largest proportion of its sales. Wolseley are the largest trade specialist in plumbing and heating in the UK. It has retail showrooms around the United Kingdom which are open to the general public.
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AGA Rangemaster Group Limited is a British manufacturer of range cookers, kitchen appliances, and interior furnishings, which was acquired by the American Company, Middleby Corporation in September 2015 after it received a takeover approach from Whirlpool. The Group employs just over 2,500 people worldwide.
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W. W. Grainger, Inc., is an American Fortune 500 industrial supply company founded in 1927 in Chicago by William W. (Bill) Grainger. He founded the company to provide consumers with access to a consistent supply of motors. The company now serves more than three million customers worldwide with offerings such as motors, lighting, material handling, fasteners, plumbing, tools, and safety supplies, along with inventory management services and technical support. Revenue is generally from business-to-business sales rather than retail sales. Grainger serves its customers through a network of approximately 598 branches, online channels, and 33 distribution centers.
Uponor Oyj is a Finnish company that sells products for drinking water delivery, radiant heating and cooling. Uponor Group has approximately 3,700 employees.
Bunzl plc is a British multinational distribution and outsourcing company headquartered in London, England.
Build.com is an online home improvement retailer, and subsidiary of Ferguson plc. It sells bathroom, kitchen and lighting hardware, appliances and other supplies. The company is headquartered in Chico, California, United States.
Fortune Brands Innovations, Inc. is an American manufacturer of home and security products, headquartered in Deerfield, Illinois. Its portfolio of businesses and brands includes Moen and the House of Rohl; outdoor living and security products from Therma-Tru, Larson, Fiberon, Master Lock and SentrySafe; and MasterBrand Cabinets. Fortune Brands is a Fortune 500 company and part of the S&P 400 Index. As of December 31, 2021, the company reported employing approximately 28,000 associates and posted full-year 2021 net sales of $7.7 billion.
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Edmundson Electrical Ltd is a privately held electrical distribution company headquartered in Knutsford, Cheshire, incorporated in 1991. It is the largest electrical distributor in the United Kingdom and serves both to the trade and to the public from over 300 locations. The company also serves Ireland through a subsidiary, EWL Electric Ltd, as well as through mainland Europe via its sister company, Vink Holdings.