Ferguson Enterprises to buy FloWorks for USD1.6 billion
Ferguson Enterprises Inc on Monday announced that it entered into a definitive agreement to buy FWI Holdings Inc, known as FloWorks.
Ferguson Enterprises, a Newport News, Virginia-based heating and plumbing products distributor, said the acquisition from Wynnchurch Capital LP values FloWorks at an enterprise value of around USD1.6 billion.
The takeover is expected to close in the third quarter of 2026.
Houston, Texas-based FloWorks is an industrial distributor and service provider of "highly technical" valves and flow control solutions, Ferguson said.
FloWorks generated revenue of around USD1 billion in 2025, compared to Ferguson's USD31.32 billion.
Ferguson said it expects to realise "significant" revenue synergies and some cost synergies from network optimisation, logistics and technology.
Ferguson Chief Executive Officer Kevin Murphy said: "FloWorks strengthens our leading position in high-growth industrial end markets, while adding meaningful capabilities and geographic coverage which we can leverage across our non-residential customer groups. Their expert teams, technical capabilities and strong original equipment manufacturer brands will further enhance our ability to provide essential water solutions for the specialized professional. We welcome their associates to Ferguson and look forward to our next chapter of growth together."
FloWorks CEO Scott Jackson said: "Joining Ferguson ensures our 65+ year legacy continues with a partner that shares our commitment to customer service and operational excellence. Ferguson's scaled platform and capabilities will empower our associates to better serve our customers. This marks an exciting next chapter in FloWorks' history and provides a great home for our associates."
Ferguson shares rose 2.9% to 17,374.90 pence each on Monday afternoon in London.
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