NEWPORT NEWS, VA – Ferguson Enterprises, Inc. (Ferguson) announces the acquisition of Groeniger & Company (Groeniger) in an asset transaction completed November 7, 2011. At the present time, the company will continue to operate under its existing name and be led by Groeniger's current executive vice president, Dick Alexander.
Groeniger was founded in 1949 by W.C. "Bill" Groeniger and is now the leading waterworks distributor in northern and central California. The company has eight sales branches, one administrative office and one pipe yard. Groeniger distributes pipe and other equipment for waterworks, fire protection, sewer, reclaimed water, irrigation and storm drainage projects. They are recognized as California's leading pipeline materials supplier for residential, commercial and public works sectors.
"It is clear that Groeniger and Ferguson share the same culture of taking care of the customer, respecting our vendors and taking care of our employees," commented Alexander. "We will continue to believe 'Family Is Our Tradition, Our People Are Our Strength and Service Is Our Reputation.' This union will provide our customers with a combination of resources and talent that will benefit them now and for many years to come."
"Groeniger is a flagship waterworks distributor in California," said Ferguson CEO Frank Roach. "We are happy to welcome them to the Ferguson family and look forward to the synergies that arise as two industry leaders come together."
Ferguson has been in the waterworks business since the mid-'80s, supplying utility contractors, municipalities, water and sewer treatment plants, land developers and others with a variety of waterworks products. Ferguson's commitment to technical training, personnel development and relationship building gives the company a strategic advantage in the highly specialized utility industry.