Fort Worth-based MORSCO, a distributor of commercial and residential plumbing, heating and cooling equipment (HVAC), and pipe, valves and fittings (PVF), has acquired Murray Supply Company, a leading plumbing supply company based in North Carolina. The new locations will continue to operate as Murray Supply Company, a MORSCO Company.
“Bringing Murray Supply into the MORSCO family is a significant milestone in the growth of our company as it is the first acquisition we have made in the attractive Southeast region,” said Chip Hornsby, CEO of MORSCO “MORSCO has historically focused on building its business in the Southwest, specifically Texas. We are now ready to begin to move east, and we are confident that Murray Supply provides an excellent base to begin our Eastward expansion.”
Murray Supply, founded in 1965, provides wholesale distribution of residential and commercial plumbing products, industrial and commercial piping products, and multi-family housing maintenance supplies. Murray Supply operates four plumbing branches (Charlotte, Hickory, Winston-Salem, and Raleigh, N.C.), three Maintenance/Repair/Operations branches (Charlotte and Raleigh, N.C. and Richmond, Va.), and one industrial PVF branch in Winston-Salem.
With the acquisition of Murray Supply, MORSCO will now be comprised of seven business operating units: Morrison Supply Company, Express Pipe & Supply, Farnsworth Wholesale Company, Wholesale Specialties, Expressions Home Gallery, Kiva Kitchen & Bath and Murray Supply Company.
The Orr Group, a Winston-Salem based investment banking firm, advised Murray Supply in its transaction with MORSCO.