Ferguson Acquires HVAC Distributor Airefco - Modern Distribution Management

Log In

Ferguson Acquires HVAC Distributor Airefco

The industrial distributor says the deal will expand its HVAC presence in the Pacific Northwest.
The industrial distributor — not known for making M&A deals — says the deal will expand its HVAC presence in the Pacific Northwest.
Author
Date

Plumbing, HVAC and industrial products distributor Ferguson has acquired Airefco, Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest, according to a Dec. 2 news release.

“Airefco has a strong market reputation for quality associates, products and customer relationships,” said Kevin Murphy, Ferguson CEO. “Airefco joining Ferguson will support our dual trade strategy for the plumbing and HVAC contractor and will help us accelerate the geographic expansion of our HVAC business in the Pacific Northwest. It will also provide us with a larger multi-brand footprint and an opportunity to expand the Carrier network in the region’s growing residential and commercial markets.”

Financial details were not disclosed. Ferguson, a company that rarely makes acquisitions, ranks No. 4 on MDM’s Top Industrial Distributors, No. 1 among Plumbing Distributors, No. 2 for HVAC Distributors and No. 2 for Industrial PVF Distributors.

Want to be a master of M&A? MDM’s 2023 M&A Virtual Summit, held Feb. 21-22, will deliver everything you need to know. Get the details and register here.

Airefco is headquartered in Tualatin, Oregon, and employs 191 workers in 11 locations. The company distributes Carrier and Bryant brands to customers in Alaska, Idaho, Montana, Oregon, Washington and Wyoming.

“Ferguson is a company that reflects much of the culture that our associates, customers, vendors and suppliers hold dear,” said JK Hussa, Airefco President and CEO. “They value person-to-person relationships and will invest wisely in Airefco’s future and continued growth.”

Ferguson acquired Guarino Distributing Company, LLC, an HVAC distributor in Louisiana and Mississippi, in November. The distributor also acquired and Aaron & Company, a plumbing and HVAC distributor in New Jersey in May.

See MDM’s Investment Bank Directory here for a rundown of the key players serving as investment banks and advisory firms in the distribution sector.

Related Posts

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.