Ferguson Enterprises, Inc., Newport News, VA, has acquired Davis & Warshow, Inc., Maspeth, NY. Davis & Warshow, an 87-year-old residential and commercial plumbing supplier, operates eight wholesale and seven showroom locations. It will continue to conduct business under the Davis & Warshow name with the existing management team remaining in place.
Download a Free Chapter:
The Little Black Book of Strategic Planning for Distributors
Submit your email address below to receive a chapter of Brent Grover's new book. When you submit your email you will be signed up to receive weekly distribution news updates.
Davis & Warshow has been employee-owned since 2006, when the company adopted a 100% Employee Stock Ownership Plan (ESOP). Since that time, CEO Frank Finkeland his son, David, who is president & COO, have remained at the helm and represent, respectively, the third and fourth generation of family descended from one of the founders, Bernard Davis.
With another addition to its portfolio earlier this year, Davis & Warshow is Ferguson's sixth acquisition over the past 14 months. Ferguson ended the 2012 fiscal year with sales of $9.7 billion, an increase of 10 percent over last year. Ferguson is part of Wolseley plc (LSE: WOS).
Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit www.mdm.com/reprints. MDM welcomes inbound links from your site. Please cite Modern Distribution Management.
Download the Top 40 Industrial Distributor List Free
Get the Top 40 Industrial Distributors list in PDF, and you will be signed up below to receive MDM Update, your free daily distribution news update by email.