The Investor
02 Sep 2026, 18:12
Ferguson Completes $1.6 Billion FloWorks Acquisition, Expanding Industrial Market Reach
Ferguson Enterprises (NYSE: FERG) has completed its acquisition of FloWorks, expanding the company’s presence in industrial flow-control markets and increasing its total addressable market to approximately $400 billion. The transaction officially closed on August 31 after receiving required approvals and satisfying customary closing conditions.
Ferguson previously agreed to acquire FloWorks from private equity firm Wynnchurch Capital for approximately $1.6 billion. FloWorks specializes in highly technical valves, automation, rotating equipment and fluid-handling products and services, giving Ferguson additional capabilities within non-residential and industrial markets.
The acquisition combines Ferguson’s large North American distribution network and supply-chain infrastructure with FloWorks’ specialized technical expertise. Management expects the combination to strengthen Ferguson’s ability to serve complex construction and industrial customers while creating opportunities to expand product offerings and generate revenue synergies.
Strategically, FloWorks pushes Ferguson further into higher-value, technically demanding non-residential applications and reduces its reliance on traditional residential construction activity. Ferguson already operates across plumbing, HVAC, water and wastewater, appliances, lighting and PVF markets, with approximately 35,000 employees across more than 1,700 locations.
The acquisition represents a meaningful expansion of Ferguson’s addressable market, from roughly $340 billion across its existing residential and non-residential construction markets to approximately $400 billion following the addition of FloWorks. The deal strengthens Ferguson’s industrial distribution capabilities while providing another avenue for growth through specialized, value-added services.
Ferguson Enterprises (NYSE: FERG) has completed its acquisition of FloWorks, expanding the company’s presence in industrial flow-control markets and increasing its total addressable market to approximately $400 billion. The transaction officially closed on August 31 after receiving required approvals and satisfying customary closing conditions.
Ferguson previously agreed to acquire FloWorks from private equity firm Wynnchurch Capital for approximately $1.6 billion. FloWorks specializes in highly technical valves, automation, rotating equipment and fluid-handling products and services, giving Ferguson additional capabilities within non-residential and industrial markets.
The acquisition combines Ferguson’s large North American distribution network and supply-chain infrastructure with FloWorks’ specialized technical expertise. Management expects the combination to strengthen Ferguson’s ability to serve complex construction and industrial customers while creating opportunities to expand product offerings and generate revenue synergies.
Strategically, FloWorks pushes Ferguson further into higher-value, technically demanding non-residential applications and reduces its reliance on traditional residential construction activity. Ferguson already operates across plumbing, HVAC, water and wastewater, appliances, lighting and PVF markets, with approximately 35,000 employees across more than 1,700 locations.
The acquisition represents a meaningful expansion of Ferguson’s addressable market, from roughly $340 billion across its existing residential and non-residential construction markets to approximately $400 billion following the addition of FloWorks. The deal strengthens Ferguson’s industrial distribution capabilities while providing another avenue for growth through specialized, value-added services.
