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Ferguson was founded in 1953. The company started with two locations: Lenz Supply and Smither Supply. Expansion continued throughout the Southeast and Ferguson established its headquarters in Newport News, Virginia. In 1982, Wolseley UK acquired the company for $30.7 million. [6] In 1989, Ferguson merged with Familian. [7]
Ferguson plc (formerly Wolseley plc) was an American-British multinational plumbing and heating products distributor. In August 2024, it merged into Ferguson Enterprises. [4] [5] [6] The company traced its roots to The Wolseley Sheep Shearing Machine Company, founded in 1887.
He turned down venture capital and instead sold the company to Ferguson plc, then called Wolseley UK, for $35 million. [4] Woseley bought the Build.com domain name from David Berman and rebranded the company as Build.com in April 2010. [4] In October 2015, Build.com / Ferguson Enterprises acquired Living Direct. [5]
In 1982, it entered the market in the United States by acquiring Ferguson Enterprises, a distributor of plumbing supplies, with around 50 branches on the East Coast of the United States. [4] In 1984, some of the manufacturing businesses were sold off, and since that time Wolseley has been mainly a distribution business. [ 4 ]
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