For Immediate Release
September 26, 2011
Ferguson closes another acquisition
NEWPORT NEWS, VA - Ferguson Enterprises, Inc. (Ferguson) has purchased substantially all of the assets of SG Supply Co., Inc. (SG Supply) in a transaction closed effective September 26, 2011. The company will now operate as SG Supply Co., a Ferguson enterprise.
SG Supply was founded in 1959 and is a supplier of plumbing products, water heaters, hydronic heating, and pipe, valves and fittings for plumbing and mechanical contractors. They also have one of the largest single-site soil pipe inventories in the Midwest. SG Supply will continue to operate from their current location in Calumet Park, Ill. and be led by Ferguson's Chicago area general manager, Steve Speers. Craig Weiss, SG Supply's former president will remain to transition the business.
"From the beginning, we were impressed with SG Supply's personnel and operations," said Ferguson CEO Frank Roach. "Their location and product offering allows us to expand our presence in the northeast Illinois and northwest Indiana markets and better serve commercial customers in those areas."
"SG Supply was founded by my father and is a family business," said Weiss. "Therefore, finding a company with similar values is important to me. Although Ferguson is a large company, they maintain a family atmosphere. We think this is a great partnership that will benefit both our associates and customers."
This is the third acquisition for Ferguson in 2011. They announced the purchase of Summit Pipe and Supply in January and Louisiana Chemical Pipe, Valve & Fitting, Inc. in August.
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