Wynnchurch Capital agrees to sell FloWorks to Ferguson for $1.6B

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Wynnchurch Capital Announces $1.6 Billion Sale of FloWorks to Ferguson Enterprises

July 13, 2026 11:00 AM EDT

ROSEMONT, Ill.--(BUSINESS WIRE)-- 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.... More