Increases Market Share in South Carolina with Two New Branches
CONCORD, NC / ACCESSWIRE / March 16, 2015 / Fortiline Waterworks (Fortiline), one of the largest waterworks distributors in the United States, announced today it has completed the acquisition of Independent Waterworks Supply & Services of Lexington, SC. With this acquisition, Fortiline will now have 36 distribution branches in 12 states, expanding its reach further across South Carolina.
Independent Waterworks Supply & Services was founded in 2000, and has been owned for the past six years by Richard Young. The company has locations in Lexington and Sumter, S.C., which services municipalities and contractors and specializes in "having what you need, when you need it."
"This acquisition is the latest move by Fortiline to expand our market share in 2015," said Mike Swedick, COO of Fortiline. "Already this year we opened a new branch in Miami, acquired Sitework Suppliers and now Independent Waterworks, both in South Carolina. We are excited about these latest additions and we will continue to evaluate additional growth opportunities as they present themselves."
In 2014, Fortiline opened five new locations: Haymarket, Va.; San Antonio, Texas; Nashville, Tenn.; Hartford, Ky.; and Paducah, Ky. With the Independent Waterworks Supply & Services acquisition, Fortiline will now operate eight locations throughout South Carolina.
"As the economy recovers, we continue to see more and more opportunities to increase our market reach and we stand poised to take advantage of these opportunities," said Swedick.
For additional information about Fortiline, visit www.fortiline.com.
About IWWSS
Independent Waterworks Supply & Services (IWWSS) is a wholesale distributor in the Lexington, South Carolina area, servicing South Carolina, North Carolina and Georgia. IWWSS has been proudly supplying products to many municipalities and contractors for the past 15 years. We specialize in buying and selling new surplus inventory.
About Fortiline
Fortiline Waterworks, headquartered in Concord, N.C., is one of the largest wholesale distributors of underground water, sewer and storm utility products in the United States. Founded in 1997, Fortiline distributes more than 75,000 SKUs to a diverse base of more than 4,500 contractor, developer and municipal customers through a network of 36 branches in 12 states in the Southeast, Mid-Atlantic and Midwest. The company's vision is to be the preferred and most trusted resource for utility infrastructure product solutions and Fortiline backs that with specialty divisions and extensive inventory at locations across the country.To learn more, visit www.fortiline.com.
CONTACT:
Cathy Hein
Marketing Manager, Fortiline Waterworks
7025 Northwinds Dr., NW
Concord, NC 28027
Phone: 704-788-9806
[email protected]
SOURCE: Fortiline Waterworks