Wynnchurch agrees to sell FloWorks to Ferguson for $1.6 billion enterprise value

Tortoise Acquisition
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  • Wynnchurch Capital agreed to sell FloWorks to Ferguson Enterprises in a cash deal valuing FloWorks at about USD 1.6 billion.
  • Clearlake Capital held a minority stake in FloWorks following its 2023 sale to Wynnchurch.
  • Wynnchurch bought FloWorks in January 2023; the business grew into a specialty distribution platform generating more than USD 1 billion annual revenue.


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