Content about Chip Hornsby

December 2, 2011

Morrison Supply Co., the fourth-largest distributor of plumbing and HVAC supplies in the United States, has sold a majority share to private equity firm Advent International.

Founded in 1917, Morrison is now the largest distributor of plumbing supplies in the southwestern United States. The company has 77 branches and showrooms, located in Texas, New Mexico, Oklahoma, Louisiana, Arkansas and Kansas. Morrison has several lines of business, including plumbing, heating, ventilation & air conditioning (HVAC), industrial pipes, valves & fittings, oil & gas and waterworks.

April 12, 2011

Chip Hornsby, former president and CEO of Wolseley, has joined Advent International’s Operating Partner Program. Hornsby will advise Advent, a global investment and corporate buyout firm, on opportunities in the distribution and building products sector. Hornsby will principally work with Advent’s U.S. deal team, which is looking to invest up to $1 billion of equity capital, according to an Advent spokesperson.

November 2, 2008

The slump in the housing market has prompted two of the LBM industry’s largest players...

October 5, 2008

Statements made by the parent company of Stock Building Supply on Sept. 22 have sparked...

July 15, 2007

England-based Wolseley will close 24 branches and cut 370 jobs at Stock Building Supply....