Ferguson planning $1.6B acquisition of Texas valve distributor

Newport News-based Fortune 500 plumbing and heating products distributor Ferguson Enterprises has agreed to acquire Houston-based FloWorks for $1.6 billion from private equity firm Wynnchurch Capital, Ferguson announced Monday.

FloWorks is an industrial distributor and service provider of highly technical valves and flow control solutions, generating about $1 billion in revenue in 2025. Ferguson said the acquisition is expected to generate additional revenue opportunities and about $45 million in annual cost savings through network optimization, logistics and technology.

The transaction is expected to close in about 45 days, during the third quarter of 2026, a company spokesperson said. The deal is subject to customary conditions and regulatory approvals.

“FloWorks strengthens our leading position in high-growth industrial end markets, while adding meaningful capabilities and geographic coverage which we can leverage across our non-residential customer groups,” Ferguson President and CEO Kevin Murphy said in a statement. “Their expert teams, technical capabilities and strong [original equipment manufacturer] brands will further enhance our ability to provide essential water solutions for the specialized professional. We welcome their associates to Ferguson and look forward to our next chapter of growth together.”

In an email, a Ferguson spokesperson said FloWorks’ leadership, employees and brands are expected to remain in place after the acquisition. Founded in 1961, the company operates more than 60 locations across the United States and Canada, primarily along the Gulf Coast and throughout the southern United States. It serves technical industries, including chemicals, refining, power generation, semiconductors, pharmaceuticals and data centers. FloWorks employs more than 1,000 people, operates 25 service and repair centers and has a portfolio of 15 brands.

“Joining Ferguson ensures our 65-plus year legacy continues with a partner that shares our commitment to customer service and operational excellence,” FloWorks CEO Scott Jackson said in a statement. “Ferguson’s scaled platform and capabilities will empower our associates to better serve our customers.”

Headquartered in Newport News, Ferguson had sales of $31.3 billion in 2025 and approximately 35,000 employees in over 1,700 locations.