Ferguson to Acquire FloWorks for $1.6 Billion, Increasing its Total Addressable Market to $400 Billion and Expanding its Non-Residential Value-Added Capabilities
Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG) announced today it has entered into a definitive agreement to acquire FWI Holdings, Inc. (FloWorks), a leading industrial distributor and service provider of highly technical valves and flow control solutions, from Wynnchurch Capital L.P. The cash...