Ferguson Enterprises

• Ferguson Acquires FloWorks (FWI Holdings) for $1.6 Billion

  July 13, 2026

  Buyer

  Ferguson Enterprises Inc., Ferguson

  Target

  FWI Holdings, Inc. (FloWorks)

  Seller

  Wynnchurch Capital L.P.

  Industry

  Industrial Services

  Location

  Texas, United States

  Type

  Buyout

  Ferguson Enterprises (NYSE: FERG) completed its acquisition of FWI Holdings, Inc. (“FloWorks”) from Wynnchurch Capital. The deal values FloWorks at an enterprise value of approximately $1.6 billion.

• Ferguson Enterprises Acquires HPS Specialties, LLC

  August 5, 2025

  Buyer

  Ferguson Enterprises Inc.

  Target

  HPS Specialties, LLC

  Industry

  Building Products

  Location

  Maryland, United States

  Type

  Buyout

  Ferguson Enterprises Inc. acquired HPS Specialties, LLC, a manufacturer's representative and distributor of specialty HVAC, plumbing and hydronic products, in a deal that closed on June 16, 2025. The acquisition expands Ferguson's specialty and engineered product capabilities and strengthens its East Coast footprint.

• Ferguson Enterprises Acquires Independent Pipe & Supply and National Fire (Equipment & Fabrication)

  April 16, 2025

  Buyer

  Ferguson Enterprises, Inc.

  Target

  Independent Pipe & Supply Corp., National Fire Equipment Ltd., National Fire Fabrication Ltd.

  Industry

  Building Products

  Location

  Massachusetts, United States

  Type

  Addon

  Ferguson Enterprises has closed two bolt-on acquisitions: Independent Pipe & Supply Corp., a PVF and commercial plumbing distributor based in Canton, Massachusetts, and National Fire Equipment Ltd. and National Fire Fabrication Ltd., a Toronto-based fire protection products and fabrication business. The deals expand Ferguson's commercial plumbing and mechanical footprint in New England and strengthen its Fire & Fabrication capabilities and presence in Canada.

• Ferguson Completes Four Acquisitions During Q4 and Reports FY2024 Results

  September 17, 2024

  Buyer

  Ferguson

  Industry

  Building Products

  Type

  Buyout

  Ferguson reported fourth-quarter and full-year FY2024 results and said it completed four acquisitions during the quarter as part of a broader acquisition program. The company emphasized continued investment to expand scale and capabilities and noted that it invested $260 million in ten acquisitions during the year, generating approximately $400 million of annualized revenue.

• Ferguson plc Plans Merger to Move Ultimate Parent to the United States (UK Listing Cancellation/Replacement)

  July 2, 2024

  Buyer

  Ferguson Enterprises Inc., Ferguson (Jersey) 2 Limited, New TopCo (Ferguson Enterprises Inc. / newly incorporated Delaware corporation)

  Target

  Ferguson plc

  Industry

  Infrastructure

  Location

  England, United Kingdom

  Type

  Recapitalization

  Ferguson plc entered into a merger agreement to restructure its corporate ownership so the group’s ultimate parent will be domiciled in the United States. Following shareholder approval on May 30, 2024, the merger is anticipated to be consummated on August 1, 2024, with Ferguson’s UK and US listings being cancelled and replaced by the new TopCo’s listings.

• Ferguson plc Acquires Four U.S. Specialty Distributors and Service Providers

  May 22, 2024

  Buyer

  Ferguson plc

  Target

  Southwest Geo-Solutions, Inc., AVCO Supply, Inc., GAR Engineering, Inc., Safe Step Tubs of Minnesota, Inc.

  Industry

  Building Products

  Location

  United States

  Type

  Addon

  Ferguson plc has closed four bolt-on acquisitions in the U.S.: Southwest Geo-Solutions, AVCO Supply, GAR Engineering and Safe Step Tubs of Minnesota. The deals expand Ferguson’s geographic footprint and capabilities across erosion control, hydronics/boilers, fire protection engineering and walk-in tub sales & installation as part of its ongoing inorganic growth program.

• Ferguson plc Acquires Yorkwest Plumbing, Grove Supply and Harway Appliances

  January 9, 2024

  Buyer

  Ferguson plc

  Target

  Yorkwest Plumbing Supply Inc., Grove Supply, Inc., Harway Appliances

  Industry

  Building Products

  Location

  Ontario, Canada

  Type

  Buyout

  Ferguson plc has signed definitive agreements to acquire Yorkwest Plumbing Supply Inc. and Grove Supply, Inc., and closed the acquisition of Harway Appliances, with the three businesses having aggregate annualized revenues of approximately $220 million. The bolt-on deals expand Ferguson's plumbing, HVAC and showroom footprint across Canada and the U.S., and Harway closed on Jan. 8 while Yorkwest and Grove are expected to close within 90 days subject to customary conditions.

• Ferguson plc Acquires Bruce Supply Corp., The Kennedy Companies and S. G. Torrice

  August 2, 2023

  Buyer

  Ferguson plc

  Target

  Bruce Supply Corp., The Kennedy Companies, S. G. Torrice

  Industry

  Building Products

  Location

  United States

  Type

  Buyout

  Ferguson plc has acquired three U.S. distributors—Bruce Supply Corp., The Kennedy Companies and S. G. Torrice—closing in the fourth quarter of its fiscal year to expand its plumbing, waterworks and HVAC distribution capabilities. The three businesses generate approximately $450 million of aggregate annualized revenue and extend Ferguson’s reach in the NYC Metro, Mid‑Atlantic and New England regions.

• Ferguson Enterprises Acquires The Kitchen Showcase

  November 17, 2021

  Buyer

  Ferguson Enterprises, LLC

  Target

  The Kitchen Showcase, Inc.

  Seller

  Jason Pfaff, Jeremy Pfaff, Pfaff family

  Industry

  Building Products

  Location

  Colorado, United States

  Type

  Buyout

  Ferguson Enterprises has acquired The Kitchen Showcase, Inc. (TKSI), a Denver-area kitchen and bath design center founded in 1984 and headquartered in Centennial, Colorado. SLATE Partners advised the Pfaff family shareholders on the sale, which will give TKSI access to Ferguson's distribution scale and resources to support continued growth and expanded customer offerings.

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