The transaction is valued at approximately $1.6 billion. Ferguson anticipates significant revenue and cost synergies from the acquisition, particularly through network optimization, logistics, and technology enhancements.
The total consideration reflects an acquisition multiple of about 10 times the last twelve months’ adjusted EBITDA, factoring in expected synergies of around $45 million.
The company plans to maintain its net debt to adjusted EBITDA ratio within the target range of 1 to 2 times following the transaction’s completion. The acquisition is slated to close in the third quarter of 2026, pending customary conditions and regulatory approvals.
Kevin Murphy, CEO of Ferguson, stated, “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.”
