Fort Worth, TX – (May 5, 2017) – MORSCO, Inc. (“MORSCO”), 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 named two waterworks industry veterans to leadership positions in its recently-acquired waterworks operations.
Frank Seymour has been named President of the company’s Waterworks Division. Seymour joined Fortiline Waterworks (“Fortiline”), a MORSCO Company and the second-largest American-owned wholesale distributor of underground water, sewer and storm utility products in the United States, in late 2014 as Vice President of Sales. In that role, he managed of all Fortiline’s sales and business development operations, including more than 175 sales staff and regional managers. Fortiline was acquired by MORSCO on October 31, 2016.
Previously Seymour oversaw more than 100 salespeople and managers for the largest HDPE storm sewer pipe manufacturer in the United States. He brings nearly 20 years of utility infrastructure product experience to MORSCO.
Ben Cagle has been named Senior Vice President, Operations for Fortiline. Cagle joined Fortiline in 2002 as an IT Coordinator after serving the company as an IT consultant for three years. Cagle was promoted to Director of Operations, then Vice President of Operations in 2007. He brings more than 30 years of operations and waterworks experience to MORSCO.
“I am excited to see Frank take the next step in his career,” said Mike Swedick, President of Plumbing for MORSCO. “He has done a tremendous job since joining Fortiline and I look forward to continuing to work closely with him as we develop and grow the MORSCO organization.”
“The waterworks experience Frank and Ben will bring to MORSCO will help us better manage our business and lead our expansion initiatives in this area,” said Chip Hornsby, CEO, MORSCO. “They have helped guide Fortiline into a period of tremendous growth and success, so their track records speak for themselves. Frank and Ben’s appointments with MORSCO further demonstrate our commitment to the waterworks industry and to being a leader in the markets we serve.”
MORSCO, a portfolio company of global private equity firm Advent International (“Advent”), is one of the fastest growing companies in its industry with 170+ branch locations, more than $1.7 billion in sales and more than 2,500 associates in 16 states.
For information on MORSCO and its companies, 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 operating units consists of Express Pipe & Supply (CA), Farnsworth Wholesale Company (AZ), Morrison Supply Company (TX, OK, NM, KS), Murray Supply Company (NC, SC, VA), Wholesale Specialties (CO), DeVore & Johnson (GA), Fortiline Waterworks (AL, 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.