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Winsupply Inc., one of the nation’s largest distributors, has opened Texarkana Winwater, serving waterworks and utilities contractors in the Ark-La-Tex region including Oklahoma.
Stephen Ferguson is the president of Texarkana Winwater. A native of Texarkana, Arkansas, Ferguson has been in the waterworks and utilities industry for seven years and is a graduate of Texas A&M University – Texarkana.
“Stephen made the bold decision to invest in his own Winsupply company after getting valuable experience as a general manager for Little Rock Winwater,” said Monte Salsman, president of Winsupply Local Company Group. “He’s really excited to own his own company.”
Texarkana Winwater was previously a satellite operation of Little Rock Winwater and now operates as an independent company co-owned by Stephen Ferguson and Winsupply.
In the Winsupply co-ownership business model, Winsupply Inc. has majority equity in each of its locations, while the local company presidents and sometimes employees own substantial equity. With this model, local companies have the autonomy and flexibility to decide how best to meet the needs of the customers in their markets.
Winsupply Inc. provides the local company locations purchasing power, distribution and other support services such as business consulting, accounting, payroll, IT and marketing.