secwatch.observer — SEC 8-K summary
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Issuer:     Ferguson Enterprises Inc. /DE/ (FERG)
CIK:        0002011641
Form:       8-K
Filed at:   2026-07-13T13:05:07+00:00
Accession:  0002011641-26-000035
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ferguson to acquire FloWorks for $1.6B, expanding TAM to $400B
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- Enterprise value of $1.6B; acquisition multiple ~10x LTM Adj. EBITDA including ~$45M expected synergies.
- FloWorks generated ~$1B revenue in 2025; adds 60+ locations in US and Canada serving chemicals, refining, semiconductors, pharma, datacenters.
- Transaction expected to close in Q3 2026, subject to customary conditions and regulatory approvals.
- Deal is immediately accretive to Adjusted EPS; Ferguson expects to remain within 1-2x net debt/EBITDA range.
- Acquisition expands non-residential capabilities in valves, valve automation, and specialty flow control solutions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2011641/000201164126000035/0002011641-26-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2011641/000201164126000035/ferg-20260713.htm
  HTML page:      https://secwatch.observer/filing/0002011641-26-000035

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