MORSCO acquires North Carolina-based Murray Supply
Ft. Worth, Texas-based MORSCO, parent company to Morrison Supply, recently announced it has acquired substantially all the assets of North Carolina based-Murray Supply Co. The new locations will continue to operate as Murray Supply Company, a MORSCO Company.
Murray Supply, founded in 1965, provides wholesale distribution of residential and commercial plumbing products, industrial and commercial piping products, and multifamily housing maintenance supplies. Murray Supply operates four plumbing branches (Charlotte, Hickory, Winston-Salem, and Raleigh, N.C.), three maintenance/repair/operations branches (Charlotte and Raleigh, N.C., and Richmond, Va.) and one industrial PVF branch in Winston-Salem.
“Bringing Murray Supply into the MORSCO family is a significant milestone in the growth of our company as it is the first acquisition we have made in the attractive Southeast region,” MORSCO CEO Chip Hornsby said. MORSCO has historically focused on building its business in the Southwest, specifically Texas. We are now ready to begin to move east and we are confident Murray Supply provides an excellent base to begin our eastward expansion.”
Murray Supply CEO Charlie Murray added: “Murray Supply has a long history in the Southeast and we are honored to be part of MORSCO’s growth strategy for the region. It is in recognition of the strength of our company and the quality of our people that they are willing to invest in us as their first platform company in this area. With the backing of MORSCO we are excited to enhance our capabilities, bring new opportunities to our people and even greater service and products to our customers. This partnership with MORSCO is a great cultural fit as our missions and goals for the future are in alignment. We are excited to start this next chapter of our evolution and we are proud to be the beginning of new expansion.”
With the acquisition of Murray Supply, MORSCO will now be comprised of seven business operating units: Morrison Supply Co., Express Pipe & Supply, Farnsworth Wholesale Co., Wholesale Specialties, Expressions Home Gallery, Kiva Kitchen & Bath and Murray Supply Co.