F.W. Webb acquires Palace Plumbing & Heating
Bedford, Massachusetts-based F.W. Webb Co. recently acquired Palace Plumbing & Heating Supply, a distributor with a location in Manhattan and the Bronx. Owning more than a dozen locations in New York, the transaction extends F.W. Webb into a vital metropolitan region and grows the company’s footprint across the state, it noted.
“We have had a desire to get into New York City. Over the past couple years, we have been working toward that goal by making acquisitions and opening new locations in the surrounding area,” said Jeff Pope, F.W. Webb president. “Palace is known to be a top supplier in the industry and we are pleased to have the opportunity to serve their customers.”
The two Palace locations will operate under the F.W. Webb brand.
“F.W. Webb has that small family feel, but it is backed by a large distribution network. I’m confident that they will continue to provide the high-quality products and world-class service that our customers have become accustomed to over the last 44 years,” said Frank Hartman, principal executive office, Palace Plumbing & Heating Supply.
In June, F.W. Webb expanded its business into Long Island with the acquisition of North Fork Plumbing & Heating Supply in Riverhead, N.Y. Earlier this year, the company also became an official sponsor of the New York Yankees.