MORSCO recently named Mike Swedick president of the company’s plumbing division.
MORSCO, a portfolio company of global private equity firm Advent International, has more than 170 branch locations, more than $1.7 billion in sales and more than 2,500 associates in 17 states.
Swedick joined Fortiline Waterworks, the second-largest American-owned wholesale distributor of underground water, sewer and storm utility products in the United States, in early 2011 where he was named vice president of sales. He was named COO in 2014 and president and CEO in 2015. MORSCO acquired Fortiline in October 2016.
Previously, Swedick spent eight years in the waterworks distribution business and nearly 20 years in sales and leadership positions at Advanced Drainage Systems, a manufacturer of HDPE polyethylene drainage pipe products.
In addition to his leadership responsibilities in the plumbing division, Swedick also will continue to lead the waterworks division at MORSCO.
“During Mike’s time at Fortiline, he was instrumental in the creation of a highly-functional leadership team and a formal strategic planning process,” said Chip Hornsby, CEO of MORSCO. “He worked closely with his management team to develop a clear vision and a strong metric-driven culture, all of which resulted in explosive earnings (EBITDA) and top-line growth. We are certain Mike will bring this same level of strategic leadership and a results-driven philosophy to our plumbing division.”
Swedick added: “I am proud of the growth we achieved at Fortiline and I look forward to realizing similar gains within MORSCO’s plumbing division. We will start our journey toward success by uniting all the individual plumbing brands within the MORSCO family under a new philosophy: One MORSCO – One Vision, and that is ‘To be the preferred and most trusted resource for plumbing, HVAC and utility infrastructure product solutions.’”
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