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Jones Stephens
Jones Stephens engages in the distribution of specialty plumbing products
About Jones Stephens
Jones Stephens operates as a manufacturer and master distributor of plumbing and related products, servicing professional contractors through a wholesale distribution model. Founded in 1993 by Butch Jones and Joey Stephens, the company began its journey in a 30,000 sq. ft. facility in Leeds, Alabama, with an initial offering of 1,200 specialty plumbing items.
The firm serves a diversified client base that includes plumbing wholesalers, MRO distributors, and building supply customers, targeting markets such as multifamily and single-family residential construction. Its business model centers on providing a vast selection of products, which allows customers to consolidate their vendors. Revenue is generated through the sale of its extensive product portfolio. A key service offering is the creation of customized installation kits for large-scale projects, like multifamily buildings, which helps save time and money on the job site.
The company's product catalog has grown significantly over the years, now encompassing over 20,000 SKUs across various categories. These products range from rough plumbing supplies, such as fittings, valves, and gas connectors, to decorative items and toilet seats. To manage this extensive inventory, Jones Stephens operates out of more than 500,000 square feet of distribution space, with primary centers in Moody, Alabama, and another facility in Southern California. This logistical network is crucial for its value proposition of having products readily available for its partners.
Significant milestones in the company's history include a recapitalization in 1999 to fuel expansion and a subsequent sale in 2003. More recently, in August 2018, Ferguson, a major national distributor, acquired Jones Stephens from its parent company, World and Main. Following the acquisition, Jones Stephens has continued to operate under its own brand and existing leadership, leveraging Ferguson's resources to enhance its product development and supply chain capabilities.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Nov 2003 | $35M | $140M | American Capital | — |
Growth signals
Latest recorded traffic for Jones Stephens is 35K monthly website visits, up 25% over the last three months. Jones Stephens's team grew 0.9% over the past year.
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Investors
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Series B and later1 investor entered at this stage
American Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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