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Ferguson Waterworks has acquired Underground Pipe & Valve Inc. in an asset transaction completed on Nov. 14.
Headquartered in South Bend, Ind., Underground Pipe & Valve has been in business for nearly 40 years and offers a full line of water and sewer products through its four locations in Indiana and Michigan. The acquisition complements the new Ferguson Waterworks locations from the recent acquisitions of Michigan Pipe & Valve – Lansing, Michigan Pipe & Valve – Flint and Michigan Meter Technology Group.
“Growing our brick and mortar locations is an integral part of our growth strategy, and our recent Waterworks acquisitions in the upper mid-west will position us a true competitor in the local market,” said Ferguson CEO Frank Roach. “We are pleased to welcome Underground Pipe & Valve’s associates to Ferguson.”
“While we have been successful as an independent distributor for some time, we are excited about the chance to become part of the Ferguson family,” said Underground Pipe & Valve owner Don Nuner. “We feel that Ferguson brings added value to our customers and good, long-term opportunities for our employees.”
Ferguson Waterworks, a division of Ferguson Enterprises, has more than 200 locations and 2,000 dedicated Waterworks associates.