BB&T Capital Markets Serves as Exclusive Financial Advisor to Ferguson Enterprises, Inc. in the sale of Endries International, Inc. to Nautic Partners
On June 1, 2017, Endries International, Inc. and certain related affiliates (collectively “Endries" or the "Company"), a subsidiary of Ferguson Enterprises, Inc. and its affiliates (collectively “Ferguson”), was acquired by Nautic Partners (“Nautic”). BB&T Capital Markets served as the exclusive financial advisor to Ferguson.
About the Companies
For over 40 years, Endries has worked with OEMs and has built its business around supporting manufacturers. Today Endries manages over 500,000 SKU’s, including various fasteners and related production components. For more information, please visit www.endries.com.
Ferguson (www.ferguson.com) is the largest wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings in the U.S. The company is also a major distributor of HVAC/R equipment, waterworks and industrial products and services. Founded in 1953 and headquartered in Newport News, Va., Ferguson has sales of $13 billion and approximately 23,000 associates in almost 1,400 locations. Ferguson and its subsidiaries serve customers in all 50 states, Puerto Rico, Mexico and the Caribbean. Ferguson is part of Wolseley plc (www.wolseley.com), which is listed on the London Stock Exchange (LSE: WOS) and on the FTSE 100 index of listed companies.
Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products, and outsourced services. Nautic has completed over 125 platform transactions throughout its 30-year history. Nautic’s strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions and targeted operating initiatives. For more information, please visit www.nautic.com.
Commercial & Industrial
The BB&T Capital Markets Commercial & Industrial Group provides clients with industry expertise and best-in-class transaction execution. We offer Corporate Banking, M&A advisory and capital raising services across a variety of sectors including commercial and consumer durable goods, engineering and construction, building materials, industrial equipment and distribution, and flow control.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 11 distinct industry verticals including Aerospace, Defense & Government Services; Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.