HP Products was acquired by Ferguson Enterprises – the largest wholesale plumbing distributor in the United States. This strategic acquisition would allow both companies to take advantage of a combined distribution network, a streamlined supplier chain and access to additional products and services. Following the transaction, HP Products and Ferguson developed plans for an immediate expansion of their Midwest presence including developing plans to hire additional employees while integrating and training current and future employees.
HP Products hired Brian Wahl of RESOURCE to assist in examining the options of expanding its workforce in its existing headquarters in Indianapolis or focusing growth in one of its other Midwestern locations. Brian also led the incentives procurement process and worked closely with company executives to examine multiple expansion scenarios and costs. Negotiations were held with the Indiana Economic Development Corporation (IEDC) and the city of Indianapolis to procure tax credits and incentive assistance.