Wynnchurch Capital Announces $1.6 Billion Sale of FloWorks to Ferguson Enterprises
Wynnchurch Capital, L.P. (“Wynnchurch”), a leading middle market private equity firm, today announced it has entered into a definitive agreement to sell FWI Holdings, Inc. (“FloWorks” or the “Company”) to Ferguson Enterprises, Inc. (NYSE: FERG; LSE: FERG). The cash transaction values FloWorks at an enterprise value of approximately $1.6 billion.
Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications, serving customers across a broad range of critical industrial end markets.
Wynnchurch acquired FloWorks in January 2023. Under Wynnchurch's ownership, FloWorks completed seven strategic add-on acquisitions, expanded its footprint, and grew into a specialty distribution platform generating more than $1 billion of annual revenue. Together, these acquisitions expanded FloWorks' product and service offering, diversified its end markets, enhanced its margin profile, broadened its geographic footprint, and strengthened customer and supplier relationships. Beyond acquisitions, Wynnchurch partnered with management to drive operational improvements across supply chain and commercial excellence.
