Why This Matters: Ferguson’s acquisition of FloWorks pushes the $31.3 billion distributor further into specialized industrial markets, adding technical capabilities in valves, automation, rotating equipment and fluid handling while expanding its addressable market to about $400 billion.
Ferguson Enterprises has completed its $1.6 billion acquisition of FloWorks, significantly expanding its presence in industrial and non-residential distribution.
The Newport News, Virginia-based distributor, said Sept. 1 that the deal closed Aug. 31 following the satisfaction of customary closing conditions. Ferguson acquired FWI Holdings Inc., which operates as FloWorks, from private equity firm Wynnchurch Capital.
The deal gives Ferguson a larger position in specialized industrial flow-control markets. FloWorks distributes technical valves and flow-control products and provides related services, adding capabilities in valves, automation, rotating equipment and fluid handling to Ferguson’s existing portfolio.
Ferguson said the acquisition increases its total addressable market to approximately $400 billion. The company had previously announced a $1.6 billion purchase price for FloWorks.
The transaction also fits Ferguson’s broader strategy of using acquisitions to expand its nonresidential business and add specialized capabilities. Ferguson said in its second-quarter results last month that it had completed five acquisitions during the quarter in addition to signing the agreement to acquire FloWorks.
“We are pleased to officially welcome the FloWorks team to Ferguson,” Ferguson CEO Kevin Murphy said. He said the acquisition combines Ferguson’s national scale and distribution capabilities with FloWorks’ technical expertise in valves, automation, rotating equipment and fluid handling.
FloWorks CEO Scott Jackson said Ferguson’s scale, supply chain capabilities and product depth would help the company serve customers more efficiently while maintaining FloWorks’ technical expertise and customer relationships.
The acquisition gives Ferguson additional exposure to industrial and other nonresidential customers while broadening the technical products and services it can provide. That is significant for a company whose scale has historically been built around plumbing, heating, ventilation and air conditioning, and other construction-related markets.
Ferguson is North America’s largest value-added distributor of water and air products and services. Its portfolio includes plumbing, heating, ventilation and air conditioning, appliances, lighting, pipe, valves and fittings, and water and wastewater products. The company reported calendar 2025 sales of $31.3 billion and employs approximately 35,000 people across more than 1,700 locations
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