Ferguson Enterprises, Inc. has acquired Davis & Warshow, Inc., a metro New York residential and commercial plumbing supplier, in a stock transaction completed last week.
Davis & Warshow, an 87-year-old company, is headquartered in Maspeth, NY, and operates eight wholesale and seven showroom locations. It will continue to conduct business under the Davis & Warshow name with the existing management team remaining in place. The addition signals Ferguson’s entry into the New York market.
“Ferguson and Davis & Warshow share the same primary focus—providing outstanding service and creating loyal customers,” said Frank Finkel, Davis & Warshow CEO. “We will continue to operate our business the same way we always have and expect to increase our service level even further with the vast resources of Ferguson behind us.”
“The acquisition of a long-standing, well-respected distributor such as Davis & Warshow allows us to enter the New York City metropolitan area with a solid platform for growth and expansion,” said Frank Roach, Ferguson CEO. Davis & Warshow is Ferguson’s sixth acquisition in the past 14 months. Ferguson ended the 2012 fiscal year with sales of $9.7 billion, an increase of 10 percent over last year.
