Fort Worth, TX – (October 6, 2017) – MORSCO, Inc., a Fort Worth, Texas-based distributor of commercial and residential plumbing products; heating and cooling equipment (HVAC); pipe, valves and fittings (PVF); and underground utility products has announced that the company and its employees will donate $50,000 to hurricane relief efforts to support those impacted by Hurricanes Harvey and Irma.
MORSCO donated $35,000 to the Salvation Army to support hurricane relief, which includes $15,000 of a company match for associate donations. MORSCO associates across all eight of MORSCO’s brands donated an additional $15,000 to the Salvation Army effort.
MORSCO operates more than 50 locations that were in the path of the storms, primarily in Texas and Florida, however damage to the company branches and showrooms was minimal.
“We are fortunate as a company that we weathered the storms with little impact to our facilities,” said Mike Swedick, President of Plumbing for MORSCO. “However some of our Associates, customers and vendors were not as lucky. MORSCO’s brands have a deep history of community involvement and we are pleased to continue this tradition by supporting the Salvation Army’s hurricane relief efforts. We know many of our industry partners have a long road to recovery and we will continue to look for ways to support them on both a national and local level.”
In addition to the Salvation Army donation, associates at MORSCO locations across Texas and Florida also engaged in local relief efforts, including supply drives and volunteer activities.
MORSCO, a portfolio company of global private equity firm Advent International (“Advent”), is one of the fastest growing companies in its industry with more than 170 branch locations, $1.7 billion in sales and 2,500 associates across 16 states. For information on MORSCO and its brands, please visit www.MorscoUSA.com.
MORSCO is a leading U.S. distributor of commercial and residential plumbing, waterworks and HVAC supplies. The company was founded nearly 100 years ago in Fort Worth, Texas, and is now one of the fastest growing companies in its market. MORSCO is a private company sponsored by Advent International and led by a team of industry veterans. The MORSCO family of brands consists of Express Pipe & Supply Co. (CA), Farnsworth Wholesale Supply (AZ), Morrison Supply Company (CA, TX, OK, NM, KS), Murray Supply Company (NC, SC, VA), Wholesale Specialties (CO), DeVore & Johnson (GA), Fortiline Waterworks (AL, AZ, FL, GA, KS, KY, NC, OH, OK, SC, TN, TX, VA) and MORSCO’s premier showroom offering in these markets, Expressions Home Gallery. For additional information regarding MORSCO or any of its brands, please visit the website at www.MorscoUSA.com.
About Advent International
Founded in 1984, Advent International is one of the largest and most experienced global private equity investors. The firm has invested in more than 315 private equity transactions in 40 countries and as of June 30, 2016, had $40 billion in assets under management. With offices on four continents, Advent has established a globally integrated team of over 190 investment professionals across North America, Europe, Latin America and Asia. The firm focuses on investments in five core sectors, including business and financial services; healthcare; industrial; retail, consumer and leisure; and technology, media and telecom. After more than 30 years dedicated to international investing, Advent remains committed to partnering with management teams to deliver sustained revenue and earnings growth for its portfolio companies. For more information, visit www.adventinternational.com.