Ferguson Enterprises the distributor of plumbing supplies and PVF, launched Ferguson Ventures, the company’s Corporate Venture Capital (CVC) and strategic partnering arm focused on innovation and disruption.

Ferguson Ventures was created to help discover, invest in and partner with companies and start-ups to accelerate the use of emerging technologies to

Ferguson Ventures has also formed a strategic partnership with GTP Services, a company that provides software, hardware and services that extends Building Information Modeling (BIM) capabilities from the office to the fabrication shop and to the jobsite for all construction trade contractors.

“The primary goal of Ferguson Ventures and every investment we make is to help our customers succeed in today’s ever-changing marketplace and to be better prepared for tomorrow’s,” said Kevin Barnes, Vice President and Managing Director of Ferguson Ventures. “We are excited about our first strategic partnership with GTP – a company doing great things around BIM technology and other cloud solutions.”

Visit www.ferguson.com.