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Plumbing distributor Ferguson, Newport News, VA, has acquired Karl's Sales and Service Company, LLC, also known as Karl's Appliance, in an asset transaction completed Jan. 20, 2014.
Karl's Appliance, one of the 30 largest appliance dealers in the country, has six showrooms in northern New Jersey. Post-acquisition, the company will operate as Karl's Appliance, a Ferguson enterprise.
“Coupled with the addition of Davis & Warshow, this acquisition further expands our showroom footprint and solidifies our presence in the New York metropolitan area,” said Ferguson CEO Frank Roach.
Ferguson plans to expand Karl's Appliance's product offering to include plumbing and lighting, transforming the showrooms into a “one-stop shop” for both professional trade customers and homeowners.