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Acquirer profileAustralia
Who is Reece Group?
Reece Group is a private equity firm based in Australia.
Firm facts
Reece Group
- Type
- private equity firm
- Headquarters
- Cremorne, Melbourne, Australia
- Website
- group.reece.com
Verification date not recorded
How they work
Reece Group is an Australian listed distributor of plumbing, bathroom, waterworks and HVAC-R products. Founded in 1920 and headquartered in Melbourne, it serves trade customers in Australia, New Zealand and the United States through specialist businesses and branch networks.
Reece expands its trade distribution network through branch investment and acquisitions of complementary businesses. Its history includes Actrol, Metalflex, Viadux and the US MORSCO group; Fortiline added Belair Road Supply in 2025 to extend its US waterworks reach.
- Capital model
- ASX-listed operating-company capital; acquisitions and branch expansion form part of the group’s corporate growth strategy.
- Geography
- Operating and acquisition history across Australia, New Zealand and the United States.
- Ownership
- Operating businesses within a specialist trade distribution group, combining local customer relationships with group network and digital investment.
- Platform or bolt-on
- The acquisition record includes entry platforms such as MORSCO in the US and local additions such as Fortiline’s acquisition of Belair Road Supply.
- Sector focus
- Trade distribution in plumbing, bathroom products, waterworks and HVAC-R, serving residential, commercial and infrastructure end markets.
Their portfolio
Showing 4 of 4 known holdings — coverage is still partial.
Company
Sector
What they do
- SectorIndustrials & manufacturingWhat they doActrol distributes refrigeration equipment, components and supplies to technicians and contractors through a specialist branch network.
- SectorConstruction & infrastructureWhat they doFortiline distributes underground water, sewer and storm utility products to contractors and municipalities in the United States. It acquired Belair Road Supply in March 2025 to expand its regional branch network.
- SectorConstruction & infrastructureWhat they doMetalflex supplies heating, ventilation and air-conditioning systems and components that control indoor environments in homes and commercial buildings.
- SectorConstruction & infrastructureWhat they doViadux supplies water systems and pipeline products for large-scale civil and industrial infrastructure, supporting water distribution and essential utilities.
Sources
- group.reece.com · website
- group.reece.com · research
- group.reece.com · research
- group.reece.com · research
- group.reece.com · research
The truth, first.