Ferguson Enterprises Inc. announced in August the parent company is now headquartered in Newport News after a corporate reorganization.
Ferguson plc, formerly Wolseley plc, was previously the parent company headquartered in the United Kingdom. The restructuring made Newport News-based Ferguson Enterprises the parent company.
Ferguson Enterprises, which began as a Peninsula company in 1953, was acquired by U.K.-based Wolseley in 1982. Company shareholders had agreed to sell to the global distributor of plumbing, heating and building products to fuel Ferguson’s expansion plans through strategic acquisitions.
Since the bulk of the company’s profitability came from Ferguson, Wolseley changed its name to Ferguson plc in 2017 to align with the primary brand. The company announced plans in 2019 to spin off its U.K. business to focus on North America and completed the sale of its last business operating in Europe in 2021.
“We have now completed the final step in our journey to better align our North American operations and leadership with our headquarters and governance,” Ferguson CEO Kevin Murphy said in a news release. “Our associates have helped our customers build this country for more than 70 years, and we’re proud to have Ferguson headquartered in the U.S. and to celebrate the value they bring to the North American construction market each and every day.”
Ferguson, a top plumbing and heating products distributor for commercial and residential construction, is a $29.7 billion company with 35,000 employees across 1,700 locations.
