Morsco, Inc.

Have updates for this profile? Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Morsco, Inc. - overview

Established

1917

Location

Fort Worth, TX, US

Primary Industry

Logistics & Distribution

About

Morsco, Inc. is a significant player in the distribution of plumbing, HVAC, and building supplies. The company focuses on providing essential products tailored for trade professionals, enhancing their operational efficiency and service delivery. Morsco, Inc.


operates as a distributor of plumbing and HVAC products, with its headquarters located in Fort Worth, US. The firm was founded in 1917 and has undergone strategic transformations, including its acquisition by Reece Australia in May 2018 for USD 1. 44 billion, completing the transaction in July 2018. The company’s leadership includes CEOs Chip Hornsby and Sasha Nikolic.


Morsco specializes in a comprehensive range of plumbing, HVAC, and bathroom and kitchen solutions specifically designed for trade professionals. Their core offerings encompass high-quality plumbing fixtures, HVAC systems, and kitchen and bathroom products, featuring advanced functionalities aimed at improving efficiency. The company’s online platform gives users access to real-time product information, effective order management, and convenient delivery and pickup options. They cater to a diverse clientele, including contractors and builders, across various urban and suburban markets in Australia and New Zealand.


Morsco's revenue generation is primarily driven through direct sales to trade professionals and partnerships with retailers and wholesalers. Transactions are facilitated via an online platform as well as physical store locations, where customers can browse and purchase a wide array of products. The company offers key items such as the Press 3/4" Copper 90-Degree Elbow and the 12,000 BTU Indoor Wall Mount Ductless Mini-Split Air Conditioner, aligned with the specific plumbing and HVAC needs of professional users. Following its acquisition by Reece Australia, Morsco plans to leverage its recent funding from the USD 1.


44 billion Trade Sale to expand its product offerings and enhance market penetration. The company aims to introduce new plumbing solutions and HVAC systems designed with innovative features by the end of 2021. Additionally, Morsco targets expansion into new geographic regions within North America, particularly focusing on increasing its presence in the Midwest and Northeast by 2023.


Primary Industry

Logistics & Distribution

Sub Industries

Home Repair Services, Power Generation Equipment & Services, Industrial Wholesalers, Electrical, Plumbing & Hardware Distributors

Website

www.morsco.com

Company Stage

Acquired

Total Amount Raised

Subscriber access only

Morsco, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
Trade SaleCompletedMorsco, Inc.-
Add-on, Trade SaleCompletedFortiline Waterworks-
Add-onCompletedMurray Supply Co.-
Add-on, Trade SaleCompletedKiva Kitchen & Bath Holdings, LLC-
BuyoutCompletedMorsco, Inc.-

Displaying 1 - 5 of 5

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.