Ferguson Enterprises Inc. /DE/ 8K

Ferguson agreed to acquire FloWorks from Wynnchurch Capital for approximately $1.6 billion in cash, expanding its industrial flow control capabilities and expecting immediate adjusted EPS accretion with closing targeted for Q3 2026.

Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announced it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), a Houston-based industrial distributor of highly technical valves and flow control solutions, from Wynnchurch Capital L.P. in an all-cash transaction valuing FloWorks at approximately $1.6 billion, representing about 10x LTM adjusted EBITDA including roughly $45 million of expected synergies. FloWorks, with around $1 billion in 2025 revenue, more than 60 locations in the U.S. and Canada, and strong exposure to datacenters, semiconductors, power generation, pharmaceuticals and other industrial end markets, will expand Ferguson’s specialty industrial flow control platform and non-residential capabilities, and is expected to be immediately accretive to adjusted EPS while keeping Ferguson within its net debt to adjusted EBITDA target range of 1–2x. The deal, which is subject to customary closing conditions and regulatory approvals, is expected to close in the third quarter of 2026, with J.P. Morgan providing advisory and committed financing and Orrick and Kirkland & Ellis serving as legal counsel on the transaction and its financing.

Filing Facts

CIK

2011641

Ticker

-

Form

8K

Source Type

sec

Accession

0002011641-26-000035

Alert Tier

8