Ferguson to acquire Columbia Pipe & Supply
Ferguson plc announced that it has signed a purchase agreement to acquire Columbia Pipe & Supply Co.
Columbia Pipe is an independent distributor headquartered in Chicago, Illinois specializing in PVF, commercial mechanical, commercial plumbing, industrial, valve automation, engineered products, and hydronics. The business was founded in 1935 and employs approximately 375 associates, with 16 locations across Illinois, Wisconsin, Minnesota, Michigan, and Indiana. In the year ended December 2019, Columbia Pipe generated revenue of $220 million.
“Chicago is the third largest city in the U.S. with a substantial commercial market. Columbia Pipe has a strong reputation and well-established vendor and customer relationships in this important region. This acquisition accelerates our Chicago market strategy and will allow us to rapidly expand our existing capabilities across the midwest,” said Kevin Murphy, group chief executive officer.
The transaction is subject to receipt of regulatory approval from the relevant competition authorities which is expected this fiscal quarter.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
