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CEO, FERGUSON, NEWPORT NEWS
Virginia Business// August 29, 2024//
Ferguson, an American-British plumbing and heating products distributor with about 35,000 employees, reported $29.7 billion in net sales in 2023.
In August, the company announced its North American subsidiary, Ferguson Enterprises, would also be headquartered in Newport News, following a corporate reorganization.
Ferguson has become known as a “serial acquirer” in recent years, having completed more than 50 deals in the past five years, eight of those in 2023. In August 2023, the company acquired plumbing distributor Bruce Supply; waterworks distributor The Kennedy Cos.; and HVAC equipment, parts and supplies distributor S. G. Torrice. In January, it acquired Yorkwest Plumbing Supply and plumbing, and HVAC distributor Grove Supply.
Murphy got his start in the plumbing industry working summers at his father’s business, Midwest Pipe and Supply, which was purchased by Ferguson in 1999.
In June, Pool Corp., a wholesale distributor of swimming pool equipment, parts and supplies, appointed Murphy to its board of directors, a move that required the company to expand its board from eight to nine members.
