On the Record · Ferguson (Jersey)
Ferguson (Jersey) acquisitions, on the record
The businesses Ferguson (Jersey) bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
UK businessWord for word“On January 29, 2021, the Group sold its UK business to enable Ferguson to be wholly focused on serving customers in North America.” 20-F for 2021 | divestiture | January 29, 2021 | — |
Stark Group, its Nordic businessWord for word“In March 2018, the Group sold Stark Group, its Nordic business, as a result of a lack of synergies with the rest of the Group’s plumbing and heating activities.” 20-F for 2021 | divestiture | March 2018 | — |
7 acquisitions completed in fiscal 2021Word for word“During fiscal years 2021, 2020 and 2019, the Group completed a total of 7, 6, and 15 acquisitions, respectively, investing $335 million, $351 million, and $657 million, respectively, (which includes consideration for prior year’s acquisitions in each case).” 20-F for 2021 | acquisition | — | $335 million |
6 acquisitions completed in fiscal 2020Word for word“During fiscal years 2021, 2020 and 2019, the Group completed a total of 7, 6, and 15 acquisitions, respectively, investing $335 million, $351 million, and $657 million, respectively, (which includes consideration for prior year’s acquisitions in each case).” 20-F for 2021 | acquisition | — | $351 million |
15 acquisitions completed in fiscal 2019Word for word“During fiscal years 2021, 2020 and 2019, the Group completed a total of 7, 6, and 15 acquisitions, respectively, investing $335 million, $351 million, and $657 million, respectively, (which includes consideration for prior year’s acquisitions in each case).” 20-F for 2021 | acquisition | — | $657 million |
businesses acquired (17 acquisitions in fiscal 2022)Word for word“During fiscal 2022, 2021 and 2020, we completed a total of 17, seven and six acquisitions, respectively.” 10-K for 2022 | acquisition | fiscal 2022 | — |
U.K. businessWord for word“most significantly the sale of its U.K. business for proceeds of $380 million on January 29, 2021, in order to focus its business on North America.” 10-K for 2022 | divestiture | January 29, 2021 | $380 million |
Torrice, LLCWord for word“Torrice, LLC June 2023 USA 100 % Bruce Supply Corp.” 10-K for 2023 | acquisition | June 2023 | — |
Kennedy Culvert & Supply CompanyWord for word“Kennedy Culvert & Supply Company July 2023 USA 100 % The following table summarizes the preliminary purchase price allocations for the assets acquired and liabilities assumed in regards to the Company's acquisitions occurring in fiscal 2023 and 2022: Acquisitions occurring in (In millions) 2023 2022 Intangible assets: Trade names and brands $ 9 $ 27 Customer relationships 207 282 Other 4 17 Operating lease right-of-use assets 66 65 Property, plant and equipment 11 11 Inventories 180 139 Receivables and other assets 134 91 Cash and cash eq” 10-K for 2023 | acquisition | July 2023 | — |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2020-07-31 | $271 million | $45 million | — |
| 2021-07-31 | $286 million | $18 million | $80 million |
| 2022-07-31 | $650 million | $4 million | $224 million |
| 2023-07-31 | $616 million | — | $198 million |
Deal filings since 2016
- 2024-08-01 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2024-03-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2022-10-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Ferguson (Jersey)’s annual reports (10-K for 2023, 10-K for 2022, 20-F for 2021) and the financial data it files with the SEC, as of 2023-09-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.