Wynnchurch has exited flow control specialist FloWorks to Ferguson for $1.6bn, according to PE Hub. The Houston-based target is a specialty distributor of critical flow control products and provider of technical solutions for MRO-focused applications.

Since 2023, Wynnchurch has closed seven add-on acquisitions and scaled FloWorks up to a $1 billion revenue enterprise, while expanding its geographic footprint. The private equity firm's operational strategy focused on consolidating the fragmented flow control distribution market.

The total consideration represents an acquisition multiple of 10x LTM adjusted EBITDA, including expected synergies of approximately $45 million. The transaction underscores continued strategic buyer appetite for scaled industrial distribution platforms with recurring MRO revenue streams.