Foley Private Equity Team Advises Wynnchurch Capital and FloWorks in $1.6 Billion Sale of FloWorks to Ferguson Enterprises

Foley & Lardner LLP served as legal advisor to Wynnchurch Capital and FloWorks in Wynnchurch’s definitive agreement to sell FWI Holdings Inc. (FloWorks) to Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG). The cash transaction values FloWorks at an enterprise value of approximately $1.6 billion.

Headquartered in Houston, Texas, FloWorks is a leading specialty distributor of critical flow control products and provider of tailored technical solutions for MRO-focused applications, serving customers across a broad range of critical industrial end markets. Under Wynnchurch’s ownership, FloWorks completed seven strategic add-on acquisitions, expanded its footprint, and grew into a specialty distribution platform generating more than $1 billion of annual revenue.

Foley has represented Wynnchurch and FloWorks on several matters tied to FloWorks’ growth, including Wynnchurch’s 2023 acquisition of majority ownership in FloWorks and FloWorks’ acquisitions of Assured Automation, Applied Controls, Slater Controls, and Cranford Equipment Company.

Foley’s Private Equity M&A team was led by partners Omar Lucia and Gjina Lucaj with support from Jon Gabriel, Zach Ulewicz, Lydia Stambaugh, and Jed Baranczyk.