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American plumbing and heating company From Wikipedia, the free encyclopedia
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] Build.com is the company's primary online shopping channel. Its primary competitors are Amazon.com in e-commerce and Home Depot in retail.[2]
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Ferguson Headquarters 3 in City Center at Oyster Point in Newport News. | |
| Company type | Public company |
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| Founded | 1953 Birmingham, Alabama, U.S. |
| Headquarters | Newport News, Virginia |
Key people | Kevin Murphy, President & CEO William Brundage, CFO Geoffrey Drabble, Chairman |
| Products | Plumbing, heating, ventilation and air conditioning (HVAC), appliances, and lighting to pipes, valves and fittings (PVF) |
| Revenue |
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| Total assets |
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| Total equity |
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Number of employees | Approximately 35,000 (July 31, 2024), including 32,000 in the United States and 3,000 in Canada |
| Website | www www |
| Footnotes / references [1] | |
In August 2024, Ferguson plc merged into the company.[3][4][5]
Ferguson was founded in 1953. The company started with two locations: Lenz Supply and Smither Supply. Expansion continued throughout the Southeast and Ferguson established its headquarters in Newport News, Virginia.
In 1982, Wolseley UK acquired the company for $30.7 million.[6]
In 1989, Ferguson merged with Familian.[7]
The company laid off thousands of workers during the Great Recession due to a slowdown in business.[8]
In 2012, the company acquired Power Equipment Direct.[8]
In 2016, Ferguson acquired Signature Hardware for $210 million.[9] The sellers later sued the company for failing to make earn-out payments.[10]
Wolseley plc changed its name to Ferguson plc in 2017. [11]
In the 2019 and 2020 fiscal years, Ferguson acquired Columbia Pipe & Supply,[12] S.W. Anderson[13] Process Instruments,[14] Innovative Soil Solutions and Action Plumbing Supply,[15] Mission Pipe,[16] and Kitchen Art.[17]
In August 2024, Ferguson plc merged into the company.[18][19][20]
Ferguson has a philanthropic division known as Ferguson Cares.[21] Ferguson is also a National Partner with Homes for Our Troops [22] and SkillsUSA,[23] DIGDEEP [24] the mikeroweWORKS Foundation [25] and IWSH [26] Ferguson also reports efforts to support women in the skilled trades.[27] The company won the Darden Award for Regional Leadership in 2018.[28]
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