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Plumbing and heating distributor Ferguson Enterprises completed its $1.6 billion acquisition of Houston-based FloWorks from Wynnchurch Capital. FloWorks is an industrial distributor of valves and flow control solutions with over 60 locations in the US and Canada.
Ferguson Enterprises agreed to acquire FWI Holdings (FloWorks) under a definitive agreement announced July 13. The deal is valued at $1.6 billion.