Costa Mesa, Calif. - October 16, 2006, Ferguson Enterprises, Inc. has acquired Kandall Fabricating & Supply Corp. and KFI Industries. Transaction terms were not disclosed.
RSM EquiCo Capital Markets initiated the transaction, led the negotiations and acted as the exclusive financial advisor to Kandall Fabricating & Supply Corp. and KFI Industries.
"Ferguson's acquisition of Kandall gives them instant access to the New York Metro market, the largest market in the world, and provided a platform to provide a broader product offering to Kandall's existing customer base," said Brian Boyle, managing director of RSM EquiCo Capital Markets.
About RSM EquiCo Capital Markets
RSM EquiCo Capital Markets LLC (www.rsmequico.com) is a global provider of investment banking services to private and public companies with annual revenues of up to $1 billion. The firm brings together companies, capital and creativity on a national and international scale to help clients achieve their personal and strategic objectives.
As specialists in facilitating mergers and acquisitions, providing access to capital markets and offering fairness opinions, RSM EquiCo Capital Markets plays an unusual role in the underserved “middle-market” field by providing advisory services on both the buy-side and sell-side. These services include facilitating the acquisition of North American companies and raising capital for a wide variety of purposes, ranging from acquisitions and leveraged buyouts to balance sheet restructuring.
RSM EquiCo Capital Markets is licensed by the SEC and all state securities authorities, and is a member of the NASD and SIPC.
RSM EquiCo Capital Markets is a subsidiary of RSM EquiCo Inc., a financial services firm affiliated with RSM McGladrey Inc., one of the nation's largest providers of business and tax consulting, wealth management, retirement resources and payroll services to midsized companies.
The firm’s international headquarters are located in Costa Mesa, Calif. It also has offices in Chicago, Boston, New York, and London.
About Kandall Fabricating & Supply Corp. and KFI Industries
Founded in 1977, Kandall Fabricating & Supply Corp. and KFI Industries is a leading fabricator and distributor of pipe, sprinklers and various fittings and accessories associated with fire sprinkler systems. The company has one of the largest available stocks of fire sprinkler materials on the East Coast. Kandall Fabricating & Supply Corp. and KFI Industries’ staff of dedicated professionals provides the most comprehensive and dependable service available to the New York metropolitan area. Centrally located in Passaic, New Jersey, Kandall Fabricating & Supply Corp. and KFI Industries is one of the largest distributors on the East Coast servicing accounts from Maine to Maryland.
About Ferguson Enterprises, Inc.
Ferguson Enterprises, Inc. is a coast-to-coast wholesale distributor that specializes in plumbing and builder products. The company distributes products, such as industrial pipe, valves and fittings, heating and cooling equipment, waterworks and tool and safety items. Its distribution network has more than 900 locations in all 50 United States, including Newport News, VA, Washington, D.C., Puerto Rico and Mexico. Ferguson Enterprises was founded in 1953 and acquired by Wolseley plc in 1982. The acquisition of Kandall Fabricating & Supply Corp. and KFI Industries will allow Ferguson Enterprises to expand its reach into the very competitive New York metropolitan market.