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Southeast HVAC News
Morsco buys Murray Supply
Company.
 MORSCO,
a Fort Worth-based distributor of commercial and residential
plumbing, heating and cooling equipment (HVAC), and pipe, valves and
fittings (PVF), has acquired substantially all of the assets of
Murray Supply Company (“Murray Supply”), a leading plumbing supply
company based in North Carolina. The new locations will continue to
operate as Murray Supply Company, a MORSCO Company.
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, NC), three
Maintenance/Repair/Operations branches (Charlotte and Raleigh, NC
and Richmond, VA) and one industrial PVF branch in Winston-Salem.
Chip Hornsby, CEO of MORSCO, said, “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. 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.” Story
continues below ↓
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“Murray Supply has a
long history in the Southeast and we are honored to be part of
MORSCO’s growth strategy for the region,” said Charlie Murray,
CEO of Murray Supply. “It is in recognition of the strength of
our company and the quality of our people that they are willing
to invest in us as their first platform company in this area.
With the backing of MORSCO, we are excited to enhance our
capabilities, bring new opportunities to our people and even
greater service and products to our customers. This partnership
with MORSCO is a great cultural fit as our missions and goals
for the future are in alignment. We are excited to start this
next chapter of our evolution and we are proud to be the
beginning of new expansion.”
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.
About MORSCO
MORSCO is a leading U.S. distributor of commercial and residential
plumbing, heating and cooling equipment (HVAC), and pipe, valves and
fittings (PVF), with showrooms across the country. It is comprised
of a family of long-established local distributors all committed to
be the local contractor supply source by consistently providing
superior customer service, unparalleled local product availability,
and premiere customer support. We currently consist of seven
operating units and operate in ten states with over 130 branches and
2000 associates. Please visit our website at
www.MorscoUSA.com.
About Murray Supply
Company
Murray Supply Company, founded in 1965 in North Carolina, is a
progressive, industry-leading organization with deep-seated family
business roots, yet incorporates world class business practices.
Their professional associates are provided best-in-class training
and tools to provide solutions that exceed the expectations of their
customers. Their commitment is to their associates, customers,
vendors, industry and environment. With branches throughout North
Carolina and one in Virginia, Murray Supply Company’s multiple
locations and considerable inventory gives them the ability to
supply products to their customers, when and where it is needed. For
more information, please visit
www.murraysupply.com.
About The Orr Group
The Orr Group is an investment banking firm that provides merger &
acquisition, financing and strategic advisory services to middle
market companies in the manufacturing, distribution, service and
retail sectors. Since 1996, The Orr Group has completed transactions
valued at more than $6.5 billion. For more information, please visit
www.theorrgroup.com.
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