Ferguson Expands with Strategic Acquisitions in the U.S. and Canada

The latest announcement is out from Ferguson PLC ( (FERG) ).

Ferguson Enterprises Inc. has announced the acquisition of Independent Pipe & Supply Corp. and National Fire Equipment Ltd. along with National Fire Fabrication Ltd., enhancing its commercial and fire & fabrication businesses. These acquisitions expand Ferguson’s footprint in the Northeast U.S. and Canada, respectively, and align with its growth strategy by leveraging local scale and adding valuable customer relationships, further solidifying its market position.

More about Ferguson PLC

Ferguson Enterprises Inc. is the largest value-added distributor in the North American construction market, providing a wide range of products and services including plumbing, HVAC, appliances, and lighting. Headquartered in Newport News, Va., the company has sales of $29.6 billion and employs approximately 35,000 associates across nearly 1,800 locations.

YTD Price Performance: -9.83%

Average Trading Volume: 71,952

Technical Sentiment Signal: Hold

Current Market Cap: £24.97B

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