In November 2011, Advent completed the acquisition of the leading plumbing and HVAC supply distributor in the Southwestern United States, Morrison Supply.
Morrison Supply is the fourth largest distributor of plumbing and HVAC supplies in the United States. Founded in 1917, the Fort Worth, Texas-based company now operates approximately eighty locations in Texas, New Mexico, Oklahoma, Kansas and Louisiana with a dedicated group of more than 1100 employees.
Advent Operating Partner Chip Hornsby, former CEO of the largest building products distributor in the world, Wolseley plc (LSE: WOS), joined the company as chief executive officer and will lead Morrison in the next phase of its expansion, in partnership with the existing management team.
Morrison Supply will use Advent’s strong expertise in building products and distribution to expand its presence in the $60 billion U.S. plumbing and HVAC supply market and enhance its leadership position in the Southwestern U.S.