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Ferguson to Acquire Industrial Distributor FloWorks in $1.6 Billion Deal
Ferguson Enterprises announced on Monday it has agreed to acquire FloWorks from private equity firm Wynnchurch Capital in a cash deal valued at approximately $1.6 billion. The acquisition is intended to significantly strengthen Ferguson's portfolio of industrial flow-control products and services.
Transaction Details
The all-cash transaction is expected to close in the third quarter of 2026, according to the announcement. The completion of the deal remains subject to customary closing conditions and regulatory approvals.
FloWorks is a specialized distributor of highly engineered flow-control products and provides related services to a range of industrial clients. The company is currently owned by Wynnchurch Capital.
AdStrategic Rationale
This acquisition represents a strategic move by Ferguson to diversify its revenue streams and increase its exposure to the industrial sector. The deal gives Ferguson a stronger foothold in key markets such as energy, chemicals, and manufacturing.
The company noted that demand for industrial maintenance, repair, and operations (MRO) products has shown greater resilience compared to spending linked to more cyclical construction markets. By acquiring FloWorks, Ferguson aims to capitalize on this more stable demand and broaden its service offerings beyond its core plumbing and construction supplies business.