July 13 (Reuters) – Plumbing supplies distributor Ferguson Enterprises said on Monday it has agreed to acquire FloWorks from private equity firm Wynnchurch Capital for about $1.6 billion in cash, strengthening its portfolio of industrial flow-control products and services.
Demand for industrial maintenance, repair and operations products has remained relatively resilient compared with construction-related spending. This has led distributors such as Ferguson to diversify their revenue streams and increase exposure to energy, manufacturing and process industries.
FloWorks distributes highly engineered flow-control products and provides related services to industrial customers, giving Ferguson greater exposure to sectors such as energy, chemicals and manufacturing.
The transaction is expected to close in the third quarter of 2026, subject to customary conditions and regulatory approvals.
(Reporting by Apratim Sarkar; Editing by Joyjeet Das)
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