Mazzone & Associates advised Equarius Waterworks in the sale of its business to Ferguson Enterprises
Mazzone & Associates is pleased to announce that it served as the exclusive financial advisor to Equarius Waterworks in the sale of its business to Ferguson Enterprises. Equarius was founded by Eric Tracy, its President, in 2011 and is the exclusive distributor of Neptune Technology Group water meters in the state of California. Mr. Tracy expressed his enthusiasm by commenting, “I am very proud of our hard working team and we are excited to join Ferguson Enterprises, an organization that shares our commitment to serving customers with quality solutions. I am grateful to Mazzone & Associates for their execution and expertise in guiding this process to such a successful outcome.”
Equarius helps California communities successfully manage their water resources for a more sustainable future. The company has been the exclusive distributor of Neptune Technology Group products in California since its founding in 2011. Equarius provides water meters, AMR/AMI radios and advanced software systems to accurately monitor water usage and provide useful data for maximum efficiency, conservation, and revenue generation for the water utility market.
Ferguson 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 $11.6 billion and approximately 20,000 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, which is listed on the London Stock Exchange (LSE: WOS) and on the FTSE 100 index of listed companies.