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Ferguson to buy FloWorks for $1.6B; adds specialty flow control, expands TAM to $400B

Ferguson announced a definitive agreement to acquire FloWorks for an enterprise value of about $1.6 billion.Key Highlights:Original SEC Filing: Ferguson Enterprises Inc. /DE/ [ FERG ] - 8-K - Jul. 13, 2026This is an AI-powered summary. It may contain inaccuracies. Consider verifying important infor…

Ferguson announced a definitive agreement to acquire FloWorks for an enterprise value of about $1.6 billion.

Key Highlights:

Transaction values FloWorks at approx. $1.6 billion in cash, ~10x LTM adjusted EBITDA including synergies.
FloWorks reported ~ $1 billion revenue in 2025 and operates 60+ locations in US and Canada.
Acquisition expected to add valve, valve automation and specialty flow-control capabilities and service/repair offerings.
Ferguson expects significant revenue synergies, ~$45M of expected synergies, and immediate accretion to adjusted EPS.
Deal targeted to close in Q3 2026, with Ferguson remaining within its 1–2x net debt/adjusted EBITDA target post-close.

Original SEC Filing:

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.