Ferguson to acquire FloWorks for $1.6B, adding $1B in industrial flow control revenue

Filed July 13, 2026 · Period ending July 13, 2026 · ~2 min read

Key Changes

• high

  Ferguson entered a definitive agreement to acquire FloWorks (FWI Holdings) for $1.6B enterprise value in cash, adding ~$1B in 2025 revenue from industrial valve and flow control distribution across 60+ U.S. and Canadian locations.

  Item 7.01 verify on EDGAR →
• high

  The acquisition expands Ferguson's total addressable market to $400B (from $340B) and increases exposure to growth sectors including datacenters, semiconductors, power generation, and pharmaceuticals.

  Item 7.01 verify on EDGAR →
• high

  Ferguson expects ~$45M in synergies from revenue opportunities and cost optimization, yielding a 10x LTM Adjusted EBITDA multiple including synergies and immediate Adjusted EPS accretion before one-time costs.

  Item 7.01 verify on EDGAR →