Key facts
- Ferguson Enterprises will acquire FloWorks for $1.6 billion.
- FloWorks distributes engineered flow-control products and services to industrial customers.
- The acquisition aims to increase Ferguson's exposure to energy, chemicals, and manufacturing sectors.
- The deal is expected to close in the third quarter of 2026.
Ferguson Enterprises announced on Monday that it has entered into an agreement to acquire FloWorks from private equity firm Wynnchurch Capital for approximately $1.6 billion in cash. This strategic move is intended to enhance Ferguson's offerings in industrial flow-control products and services.
Demand for maintenance, repair, and operations (MRO) products within the industrial sector has shown resilience, prompting distributors like Ferguson to diversify their revenue streams. FloWorks' specialization in highly engineered flow-control products and related services will provide Ferguson with increased access to key industries such as energy, chemicals, and manufacturing.