Ferguson enters NYC with acquisition
Ferguson Enterprises, one of the largest wholesale plumbing distributors in the United States, has acquired Davis & Warshow, a leading residential and commercial plumbing supplier in metro New York, through a stock transaction.
Davis & Warshow is an 87-year-old company that began with a Lower East Side storefront. Headquartered in Maspeth, N.Y., it operates eight wholesale and seven showroom locations. The plumbing supplier will continue to conduct business under the Davis & Warshow name with the existing management team remaining in place.
Ferguson CEO Frank Roach commented, "The acquisition of a long-standing, well-respected distributor such as Davis & Warshow allows us to enter the New York City metropolitan area with a solid platform for growth and expansion."
Davis & Warshow is Ferguson's sixth acquisition over the past 14 months. Headquartered in Newport News, Va., Ferguson, a part of London-based Wolseley, ended its 2012 fiscal year with sales of $9.7 billion and approximately 18,000 associates in almost 1,300 locations. Ferguson and its subsidiaries serve customers in all 50 states, Puerto Rico, Mexico and the Caribbean.