Daily News: December 18, 2014

Deloitte Advises HP Products in Sale


Deloitte acted as exclusive financial advisor to HP Products, a leading distributor of maintenance, repair, and operations supplies and equipment in the Midwestern United States, in the sale to Ferguson Enterprises, an industrial distribution company. The acquisition closed on June 9, 2014.

DCF advised HP Products on the exploration of various strategic alternatives, including the consideration of a strategic sale and private equity investment.

“DCF was able to generate significant interest on behalf of HP Products by appropriately highlighting the Company’s broad service offering, deep management team, and wide footprint throughout the Midwest. The addition of Ferguson’s complementary product lines and geographic reach will further enhance HP Products’ growth,” said Ames Shuel, founder and chairman of HP Products.

“HP Products is a leader in the distribution industry that has provided janitorial and sanitation products in the Midwest for nearly 50 years. Shuel built HP Products’ business platform by combining a diverse product offering with a focus on customer service. We are pleased to have assisted the Shuel family in achieving their objectives,” said Eric Andreozzi, managing director for DCF.

Indianapolis-based HP Products is a distributor of maintenance, repair, and operations supplies and equipment in the Midwestern U.S.

Ferguson is a wholesale distributor of residential and commercial plumbing supplies and pipe, valves and fittings in the U.S.