Newport News, VA-based Ferguson purchased Supply North Central Group, headquartered in Ann Arbor, MI, and its divisions, E&J Plumbing & Heating Supply Inc., Wagner Plumbing & Heating Supply Co., and D&C Plumbing & Heating Supply Co., in a stock transaction completed May 22.
Supply North Central Group has locations throughout Michigan in Utica, Walled Lake, Howell, Dearborn Heights, Traverse City, Petoskey, Waters and Kalamazoo.
The wholesaler operates 11 showrooms and warehouse locations, employs 140 associates and has sales of about $46 million, according to Ferguson.
Dave Morrison, current SNCG president, will continue to lead the company.
“Ferguson provides opportunities for our associates that we were not able to offer on our own,” Morrison said in a statement. “With Ferguson's vast resources - educational opportunities, financial backing and inventory - our associates are now able to play on a bigger stage.”
Founded in 1960, SNCG sells residential and light commercial plumbing and hydronic heating products, concentrating on the high-end custom and semi-custom residential construction segment.
Ferguson also acquired certain assets associated with three locations in Alabama that comprise the Montgomery branch of Central Supply Inc. from Andy Graham on May 8. Central Supply, a distributor of plumbing supplies, had sales of $6.5 million for the year ended Nov. 30, 2004, according to Ferguson's parent company, Wolseley plc.
Also on May 22, Ferguson acquired the inventory and certain fixed assets of Central Lighting Inc., Jackson, MS, from Dallas Spence and Kevin Spence. The single location lighting business had sales of $1.8 million for the year ended Dec. 31, 2005, Wolseley reported.
Ferguson acquired Davidson Electric Wholesale Supply, a distributor of electric and plumbing supplies based in Lexington, NC, from Jeff Griffith and Earl Riddle on June 5. The company had sales of $5.5 million for the year ended March 31, 2005, Wolseley said.
In other news, Stock Building Supply acquired Coleman Floor Co. on June 16. Coleman, which sells and installs residential flooring products to production residential homebuilders, operates 23 locations in Illinois, Virginia, North Carolina, Georgia and Florida. The company had sales of $233.5 million for the year ended Dec. 31, 2005, Wolseley reported.
Ferguson Acquires Supply North Central And Other Wholesale Firms
July 1, 2006