Wynnchurch Capital sells FloWorks to Ferguson Enterprises
The all-cash transaction values FloWorks at $1.6 billion and adds a Houston-based specialty distributor with over $1 billion in revenue, serving MRO applications across chemicals, refining, and industrial end markets.
Takeaways
- FloWorks is a specialty distributor of critical flow control products and tailored technical solutions.
- Wynnchurch Capital is selling FloWorks to Ferguson Enterprises.
- The target serves industrial across US.
Wynnchurch Capital sold Houston-based FloWorks, a specialty distributor of critical flow control products and technical solutions, to Ferguson Enterprises in an all-cash deal valued at $1.6 billion.
The company generated more than $1 billion in annual revenue, serving MRO applications across chemicals, downstream refining and renewables, and other industrial end markets.
Wynnchurch acquired FloWorks in January 2023 and completed seven add-on acquisitions that diversified its end markets, enhanced its margin profile, and broadened its geographic footprint.
Jefferies and Solomon Partners served as financial advisors to FloWorks, while Foley & Lardner provided legal counsel to the seller.
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