Ferguson Enterprises (original) (raw)

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American plumbing and heating company

Ferguson Enterprises Inc.
Ferguson Headquarters 3 in City Center at Oyster Point in Newport News.
Company type Public company
Traded as NYSE: FERGRussell 1000 componentLSE: FERG
Founded 1953; 72 years ago (1953)Birmingham, Alabama, U.S.
Headquarters Newport News, Virginia
Key people Kevin Murphy, President & CEOWilliam Brundage, CFOGeoffrey Drabble, Chairman
Products Plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves and fittings (PVF)
Revenue Increase US$30.762 billion (July 31, 2025)
Operating income Decrease US$2.606 billion (July 31, 2025)
Net income Increase US$1.856 billion (July 31, 2025)
Total assets Increase US$17.729 billion (July 31, 2025)
Total equity Increase US$5.832 billion (July 31, 2025)
Number of employees Approximately 35,000 (July 31, 2025), including 32,000 in the United States and 3,000 in Canada
Website www.ferguson.comwww.fergusonhome.com
Footnotes / references[1]

Ferguson Enterprises Inc., headquartered in Newport News, Virginia and organized in Delaware, is the largest U.S. distributor of plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves and fittings (PVF), and water and wastewater products.[1] The company receives 95% of its revenue in the United States and 5% of its revenue in Canada.[1] The company has 36,000 suppliers and operates from 11 regional distribution centers, four MDCs, approximately 5,900 fleet vehicles, and 1,773 branches.[1][2]

The company was established by Charles Ferguson, Ralph Lenz and Johnny Smither in Newport News, Virginia in 1953.[3]

Ferguson was acquired by a UK based business, Wolseley plc, for $30.7 million in 1982.[4] In 1999, Ferguson merged with Familian Corporation of Los Angeles.[5]

In November 2007, during the Great Recession, the company cut 3,000 jobs in the United States, approximately 5% of its workforce.[6]

Wolseley plc then changed its name to Ferguson plc to reflect the importance of the US side of the business in 2017.[7][8]

In January 2021, Ferguson sold Wolseley UK to Clayton, Dubilier & Rice for £308 million.[9][10]

In August 2024, the company reorganized its structure in order to domicile the parent company in the US.[11][12]

Year Company Description Ref(s).
2010 Build.com domain name Price was $35 million [13]
2012 Power Equipment Direct [14]
December 2014 HP Products [15]
2015 Living Direct [16]
March 2019 Kitchen Art Kitchen and bathroom cabinetry design, installation and remodeling [17]
May 2019 Mission Pipe Plumbing distributor [18]
July 2019 Innovative Soil Solutions and Action Plumbing Supply Erosion control solutions and geosynthetics throughout Texas and supplier of commercial products and a key industrial PVF distributor in southeast Florida [19]
September 2019 Process Instruments Distributor of high-quality process instrumentation, valves and control valves. [20]
February 2020 Columbia Pipe & Supply independent distributor headquartered in Chicago, Illinois [21]
February 2020 S.W. Anderson HVAC equipment and supplies [22]
October 2020 Signature Hardware Price was $210 million. Sellers later sued the company for failing to make earn-out payments. [23][24]
August 2022 Monark Premium Appliances Acquired several locations from Transformco for an undisclosed amount. [25]
  1. ^ a b c d "Ferguson Enterprises Inc. Form 10-K for the Fiscal Year Ended December 31, 2023". U.S. Securities and Exchange Commission. September 25, 2024.
  2. ^ Bernard, Brian (March 5, 2024). "Acquisitions Will Help Ferguson Grow Faster Than Subdued End Markets in Fiscal 2024". Morningstar, Inc.
  3. ^ "Ferguson is Now Officially Headquartered in the U.S." MDM. 2 August 2024. Retrieved 5 October 2025.
  4. ^ "Ferguson Enterprises". The New York Times. Reuters. 19 May 1982.
  5. ^ "Ferguson & Familian Merge Under One Name". PM Mag. 16 June 2000. Retrieved 5 October 2025.
  6. ^ "Britain: Plumbing Supplier to Cut Jobs in U.S.". The New York Times. Associated Press. 29 November 2007.
  7. ^ Vaish, Esha (28 March 2017). "Wolseley to change name to U.S. brand Ferguson, reflecting regional focus". Reuters.
  8. ^ "Wolseley Officially Changes Name to Ferguson". MDM. 31 July 2017.
  9. ^ "Clayton, Dubilier & Rice to Acquire Wolseley UK, Leading Distributor of Plumbing, Heating and Climate Products, in £308 Million Divestiture Transaction" (Press release). PR Newswire. 4 January 2021.
  10. ^ "Ferguson to sell UK business for $421 million to focus on U.S. market". Reuters. 4 January 2021.
  11. ^ "Ferguson Enterprises Inc.: Establishment of new corporate structure, cancellation of Ferguson plc listing and admission of Ferguson Enterprises Inc. common stock" (Press release). Business Wire. 1 August 2024.
  12. ^ "Ferguson parent company headquartered in Newport News". The Virginian-Pilot. 28 August 2024.
  13. ^ Anders, George (January 10, 2016). "Who'd Start A Tech Firm In Chico? Chris Friedland's Zany Path To Riches". Forbes.
  14. ^ Bozick, Tara (12 June 2013). "Ferguson remains industry force after 60 years". Daily Press.
  15. ^ "One of city's largest woman-owned businesses acquired". Indianapolis Business Journal. 10 December 2014.
  16. ^ Brohan, Mark (October 9, 2015). "Build.com reportedly signs a deal for Living Direct". Digital Commerce 360.
  17. ^ "Ridge Road Sells Kitchen Art to Ferguson Enterprises, Inc" (Press release). PR Newswire. March 12, 2019.
  18. ^ "Ferguson acquires Mission Valley Pipe & Supply". Ferguson (Press release). 5 June 2019.
  19. ^ "Ferguson expands geotextile and erosion control capabilities through recent acquisition". Ferguson (Press release). July 30, 2019.
  20. ^ "Wolseley Industrial Group acquires Process Instruments & Controls, LLC". Ferguson (Press release). 9 September 2019.
  21. ^ "Ferguson agrees to acquire Chicago based distributor Columbia Pipe & Supply" (Press release). Ferguson. February 19, 2020.
  22. ^ "Ferguson acquires S.W. Anderson HVAC Supply". Ferguson (Press release). 12 November 2019.
  23. ^ Demeropolis, Tom (October 20, 2016). "One of Cincinnati's largest and fastest-growing companies acquired". American City Business Journals.
  24. ^ "MATTHEW C. BUTLER, Plaintiff-Appellant, v. FERGUSON ENTERPRISES, INC., Defendant-Appellee". May 10, 2021. Archived from the original on November 12, 2024.
  25. ^ Ferguson PLC Reports First Quarter Results. Ferguson Enterprises (Report). December 6, 2022.