BDO Capital Advises Morrison Supply Company on Investment by Advent International

Boston, MA – BDO Capital Advisors, LLC is pleased to announce that Advent International Corporation (“Advent”) has closed a significant majority investment in Morrison Supply Company (“Morrison” or the “Company”). As the exclusive financial advisor to Morrison, BDO Capital advised the shareholders on structuring and negotiating the transaction.

Morrison, founded in 1917, is the fourth largest distributor of plumbing and HVAC supplies in the United States, with a focus on the Southwest region. Headquartered in Fort Worth, Texas, the Company operates approximately eighty locations and has more than thirty showrooms where homeowners, builders, and designers can personally select from a vast array of plumbing products, appliances, decorative hardware and bath accessories.

Morrison’s investor, Advent, is a global private equity firm focused on mid to upper mid market buyouts and selective growth capital investments. Advent has been an active investor in building products, distribution and construction supply for over 20 years, and has invested in more than 20 companies in these sectors. Morrison Supply will utilize Advent’s strong expertise in the industrial sector to expand its presence in the $60 billion U.S. plumbing and HVAC supply market and enhance its leadership position in the Southwestern U.S. Advent Operating Partner Chip Hornsby will join Morrison as the Chief Executive Officer.

BDO Capital Advisors sourced this transaction from BDO’s Alliance network. 

BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.

The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.