Ferguson has inked an agreement to acquire FWI Holdings for $US1.6 billion from Wynnchurch Capital L.P.
FWI Holdings (“FloWorks”) is a leading industrial distributor and service provider of highly technical valves and flow control solutions.
The cash transaction will allow Ferguson to realise significant revenue synergies as well as certain cost synergies from network optimisation, logistics and technology.
FloWorks generated 2025 revenues of approximately $US1 billion. Based in Houston, the company holds a 65+ year legacy as a leading flow control distributor with more than 60 locations in the United States and Canada serving highly technical industries including chemicals, refining, power generation, semiconductors, pharmaceuticals and data centres.
The acquisition will expand Ferguson’s specialty industrial flow control platform, adding technical depth, attractive end market and product exposure and significant recurring MRO-driven revenue.
Ferguson CEO, Kevin Murphy, said FloWorks strengthens their leading position in high-growth industrial end markets, while adding meaningful capabilities and geographic coverage leveraging their non-residential customer groups.
“Their expert teams, technical capabilities and strong OEM 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,” Murphy said.
FloWorks CEO, Scott Jackson, said joining Ferguson ensures the company’s 65+ year legacy continues with a partner that shares their 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,” Jackson said.
The transaction is expected to close in the third quarter of 2026.