Reece Group’s $1.9 Billion Acquisition of MORSCO

Vinson & Elkins advised MORSCO senior management in connection with the deal

Australia’s leading provider of Plumbing, HVAC and Waterworks products, Reece Group, has entered into a binding agreement to acquire MORSCO.

Founded in 1920, Reece Group is listed on the Australian Securities Exchange (ASX) and has more than 5,300 employees throughout 600 branches in Australia and New Zealand, servicing the plumbing, bathroom, building, civil, irrigation, heating, air conditioning and refrigeration industries.

MORSCO Inc. distributes commercial and residential plumbing, heating/ventilation/air conditioning, and pipe/valves/fittings equipment in the United States. It offers waterworks, utilities, appliances, lighting products, kitchen and bath plumbing supplies, multi-family housing maintenance supplies, industrial and commercial piping products, and plumbing fixtures and supplies. The company, led by Claude A. Swanson Hornsby III and Kerry J. Warren, is based in Fort Worth (TX).

Vinson & Elkins advised MORSCO senior management team with a team including Mike Saslaw (Picture). Also advising were partner David D’Alessandro and counsel Martin Luff.

 

Involved fees earner: Michael Saslaw – Vinson & Elkins LLP; David D’Alessandro – Vinson & Elkins LLP; Martin Luff – Vinson & Elkins LLP;

Law Firms: Vinson & Elkins LLP;

Clients: Claude A. Swanson Hornsby III; Kerry J. Warren;

 

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Author: Ambrogio Visconti