Middle-market private equity firm Wynnchurch Capital has agreed to sell industrial distribution platform FloWorks International to Ferguson Enterprises in a cash transaction valuing the business at approximately $1.6bn.
The deal marks the exit of Wynnchurch’s investment after acquiring the Houston-based company in January 2023 and executing an acquisition-led growth strategy that significantly expanded the business.
During its ownership, FloWorks completed seven add-on acquisitions, helping tran...
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