Ferguson reaches $1.6 billion deal to acquire FloWorks
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Ferguson FloWorks acquisition | Image credit: Refrina - Adobe Stock North American plumbing and heating, ventilation and air conditioning (HVAC) distributor Ferguson Enterprises Inc. announced that it would acquire FWI Holdings Inc., also known as FloWorks. The deal, valued at $1.6 billion, would bring FloWorks’ valve and control systems business to Ferguson from its current home under owner Wynnchurch Capital L.P. Ferguson, which is headquartered in Newport News, Virginia, framed the acquisition as expanding Ferguson’s total addressable market to $400 billion. In doing so, Ferguson expects to see FloWorks bolster reach into markets such as data centers, semiconductors, power generation and pharmaceuticals. “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,” said Kevin Murphy, CEO of Ferguson. “Their expert teams, technical capabilities and strong OEM brands will further enhance our ability to provide essential water solutions for the specialized professional.” Ferguson assessed that Houston-based FloWorks took in $1 billion in 2025 revenues. FloWorks’ history dates back more than 65 years, as it has expanded across more than 60 locations to serve customers in the United States and Canada. Ferguson specifically noted...
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Murphy reported during the call that Ferguson’s sales reached $7.5 billion in its fiscal first quarter ended March 31, up 3.6% from a year earlier.
