The Morrison Plumbing Supply Company has announced that it has entered into a binding agreement to be acquired by Reece Group. The acquisition includes the company’s plumbing, lighting, appliances, pipe, valves, fittings, oil & gas, and waterworks supply businesses. The company has 2,500 employees and distributes more than 125,000 products.
Reece Group has entered into a binding agreement to acquire MORSCO Inc
The Reece Group has entered into a definitive agreement to acquire MORSCO Inc, a leading utility in Texas. Reece intends to retain the management team of MORSCO while deploying its own personnel in the US. Sasha Nikolic will become Reece’s senior operational representative in the US, while Gavin Street will transition to the role of Chief Financial Officer. The transaction is expected to close by July 2018.
The acquisition will add to Reece’s global footprint. The Australian company is one of the leading plumbing, HVAC and waterworks supply distributors. MORSCO has over 2,500 employees in 16 locations across the country. The acquisition of MORSCO will provide Reece Group with access to the US plumbing market, which is estimated to be USD32 billion.
Reece’s majority shareholder, the Wilson Family, is contributing $300 million to the equity raising. The deal also involves borrowing A$1.14 billion through a seven-year secured credit facility. The agreement is subject to regulatory approvals.
MORSCO distributes plumbing, lighting, appliances, HVAC, pipe, valves, fittings, oil & gas and waterworks supplies
Morrison Supply Company, LLC (MORSCO), is a wholesale distribution company based in Fort Worth, Texas. The company has more than 100 branches and showrooms across the state. It is one of the largest plumbing supply distributors in the Southwest and has a wide range of products. Some of its products include pipe, valves, fittings, and HVAC equipment.
MORSCO is owned by Advent International, the world’s largest private equity firm. The company is led by CEO Chip Hornsby, who brings more than 25 years of wholesale distribution experience to the company. Under Hornsby, MORSCO has expanded with 13 new locations in Southern California and the acquisition of Teal Supply. It has also acquired Farnsworth Wholesale Company, which was the largest independent distributor in Arizona, and Wholesale Specialties, which operates specialty plumbing supply stores.
MORSCO is a leading wholesale distributor of plumbing, HVAC, pipe, valves, and oil & gas supplies. Its eighty locations across the Southwest are focused on commercial and industrial plumbing supplies, including pipe, valves, fittings, and tools. The company also provides technical expertise and drilling rig supplies.
Morrison Plumbing Supply has 2,500 employees
Morrison Plumbing Supply has expanded its presence to include two supply houses in Oklahoma and Texas. Recently, the company purchased Tulsa-based Empire Plumbing Supply, or EP Supply. EP Supply has been serving the Tulsa area since 1961. As part of the acquisition, the company will rebrand as Morrison and transition its personnel to the new company.
The company has a global presence with 77 showrooms and branches. Its services span several different fields, including plumbing, heating, oil & gas, and waterworks. It has more than 2,500 employees in eight different countries. Its goal is to provide customers with the highest-quality products, excellent service, and competitive prices.
The company was founded in 1917 by J.T. Morrison and W.L. Armstrong, both of whom had backgrounds in plumbing. In 1920, the company began to focus on plumbing supplies. By 1926, Morrison Supply Co. had become a leader in the industry. In 2011, it sold its majority of shares to Advent International. Under the new ownership, Morrison expanded its reach with the acquisition of 13 new locations in Southern California and Teal Supply. It also acquired Farnsworth Wholesale Company, one of the largest independent players in Arizona. In 2014, Morrison merged with Wholesale Specialties, a distributor of plumbing supplies.
Morrison Plumbing Supply distributes more than 125,000 products
Morrison Plumbing Supply has been a wholesale distributor of plumbing, HVAC and waterworks supplies for over six decades. The company is headquartered in Houston, Texas and has more than 125,000 products to offer its customers. Our staff is knowledgeable about all aspects of the plumbing and HVAC industry, and we’re dedicated to keeping prices competitive.
The company has expanded throughout the Southwest and acquired Western Wholesale Co. The company now has a branch in El Paso, Texas, at 40 Butterfield Circle. The store opened in June. Morrison also has several other locations in Texas. The El Paso location is one of the largest in the region.
MORSCO is owned by Advent International and has 2,500 employees. The company has 171 locations across the southern U.S. and is one of the largest plumbing and HVAC distributors in the country. The company’s sales are more than $1.7 billion a year, with 60 percent of sales in the plumbing and waterworks industry. The company has also made several acquisitions in the plumbing industry.
The company has been in business for more than ninety years. Its founding founders, J.T. Morrison and W.L. Armstrong, originally named Fort Worth Pump & Windmill Company, later changed the name to Morrison Plumbing Supply Co. in the 1920s. In 2011, the company sold majority ownership to Advent International, which turned it into MORSCO. The company is now the largest plumbing and HVAC distributor in the southwest, with over 70 branches and a full-service warehouse. The company has branched out to the east coast as well.
It is based in Stafford, Texas
If you are looking for plumbing products, HVAC products, or lighting supplies, you’ve come to the right place. The Morrison Plumbing Supply Company in Stafford, Texas, provides all of these products as well as many others. The company has more than 40 employees and is committed to providing excellent service.
The company is a wholesale distributor of plumbing PVF and HVAC equipment parts. With more than 100 locations nationwide, it offers unmatched product availability, expert service, and competitive prices. Currently, there are more than 40 showrooms located throughout Texas. They offer top name brand HVAC supplies for a wide variety of needs.
The Morrison Plumbing Supply Company has been in business for over 25 years. Their main line of business is plumbing supplies, valves, and fittings. They’ve been a member of the Blue Book since 1997. Their products are ideal for residential, commercial, and industrial applications.
Morrison Plumbing Supply was founded in 1917 as the Fort Worth Pump & Windmill Company, but later changed its name to Morrison Plumbing Supply Company in honor of founder J.T. Morrison. The company now has more than 70 locations across the country to meet the needs of local contractors. This makes Morrison Plumbing Supply one of the largest independent plumbing supply companies in the Southwest.
It recently acquired Western Wholesale Co
Morrison Plumbing Supply recently acquired Western Wholesale Co, which was based in El Paso, Texas. With the acquisition, Morrison has increased its presence throughout the Southwest by adding more branches. This includes a new plumbing and HVAC branch in El Paso at 40 Butterfield Circle. The new branch opened in June.
The company is also expanding its footprint into California. Since buying Western, Morrison has acquired several other companies, including Express Pipe & Supply in Santa Monica, Calif., the third-largest plumbing supply company in Southern California. It operates 12 branches and focuses on residential plumbing. The new company will continue to operate under its current name, so customers can continue to use their existing account. Other recent acquisitions include Rogers Supply in Enid, Oklahoma, Dixie Utility Supply in Texarkana, Texas, and Teal Pipe & Supply in Texarkana, Texas.
Previously, Ferguson and Wolseley worked together, with Hornsby serving as the CEO of Wolseley. When the non-compete agreement expired, Hornsby formulated a business plan. He contacted various private equity firms and found Morrison, which had been interested in purchasing the company. The company announced on May 21 that the new leadership of its Plumbing and Waterworks businesses has been named. Drew Roberts will lead the Plumbing business, while Mike Swedick will return to lead the Waterworks division.
It is the largest distributor of plumbing and HVAC supplies in the southwestern United States
General Plumbing Supply has served as a trusted resource for contractors for more than a century. The company was founded by Charles S. Goldberg in Bayonne, NJ in 1910 and has expanded to eighteen locations throughout the East Coast. Its current owner, Bruce Tucker, learned the business from his father Herb Tucker.
The company’s sales reached $100 million in 1997. In 1998, the company named Darrell Hawkins as President and COO. Sangalli remained as the company’s Chairman and CEO. Since then, the company has expanded into other industries and expanded its product offerings to include plumbing, HVAC, oil and gas, appliances, lighting, and decorative hardware. Over the past decade, the company has added 55 locations in the southwestern United States.
MORSCO’s business model is built around three key elements. In 1917, J.T. Morrison and W.L. Armstrong founded a plumbing supply company in Fort Worth. This company later went on to take the name Morrison Supply Co. In 2011, the company sold most of its shares to Advent International, making MORSCO the largest plumbing and HVAC wholesale distributor in the southwestern United States. Its products are distributed throughout the Southwest, with recently expanded operations to the East Coast.