Written on: December 5, 2022 by ICM
UK-based Ferguson plc has acquired Airefco, Inc., a distributor of HVAC equipment, parts and supplies in the Pacific Northwest. Terms of the deal were not disclosed.
Founded in 1957 as a Carrier HVAC distributor, Airefco is headquartered in Tualatin, OR. It employs 191 associates across eleven locations and distributes Carrier and Bryant brands to customers in Alaska, Idaho, Montana, Oregon, Washington and Wyoming.
“Airefco has a strong market reputation for quality associates, products and customer relationships,” said Kevin Murphy, Ferguson CEO. “Airefco joining Ferguson will support our dual trade strategy for the plumbing and HVAC contractor and will help us accelerate the geographic expansion of our HVAC business in the Pacific Northwest. It will also provide us with a larger multi-brand footprint and an opportunity to expand the Carrier network in the region’s growing residential and commercial markets.”
“Ferguson is a company that reflects much of the culture that our associates, customers, vendors and suppliers hold dear,” said JK Hussa, Airefco President and CEO. “They value person-to-person relationships and will invest wisely in Airefco’s future and continued growth.”
Ferguson is committed to growing its HVAC business—it recently acquired Guarino Distributing Company, LLC, an HVAC distributor in Louisiana and Mississippi, in November 2022, and Aaron & Company, a plumbing and HVAC distributor in New Jersey, in May 2022.
For its HVAC business, Ferguson partners with a variety of HVAC manufacturers and distributes equipment, parts and supplies to specialty and multi-trade contractors for use in residential and commercial projects. Visit: www.fergusonplc.com.