Directors and an officer of Ferguson Enterprises Inc. purchased common stock through independent dividend reinvestment arrangements on July 8 and July 9, 2026. The transactions were executed on the New York Stock Exchange and involved the purchase of shares with a par value of $0.0001 each.

Transactions by Kelly Baker

Director Kelly Baker acquired shares in two separate transactions. On July 8, 2026, Baker purchased 1.468453 shares at a price of $220.62. On July 9, 2026, the director purchased 4.005 shares at a price of $224.202. The aggregated prices for these transactions were $323.97 and $897.93, respectively.

Transactions by Catherine Halligan

Director Catherine Halligan also engaged in share purchases. On July 8, 2026, Halligan bought 3.7433 shares at $221.19. The following day, on July 9, 2026, the director acquired 7.309 shares at $224.202. The total transaction values were reported as $827.98 and $1,638.69.

Transactions by James S. Metcalf

Director James S. Metcalf completed two transactions on July 9, 2026. The first involved the purchase of 7.324 shares at $224.196, and the second involved 17.4203 shares at $222.60. The aggregated prices for these transactions were $1,642.01 and $3,877.76.

Transactions by James Paisley

James Paisley, Chief Digital & Information Officer, purchased shares on July 9, 2026. The officer acquired 2.858 shares at a price of $224.192. The aggregated price for this transaction was $640.74.

Ferguson Enterprises has agreed to acquire FloWorks, a distributor and servicer of valves and flow control solutions, from Wynnchurch Capital for $1.6 billion in cash. The transaction values FloWorks at an enterprise value of approximately $1.6 billion, representing an acquisition multiple of approximately 10x LTM Adj. EBITDA. The deal is expected to close in the third quarter of 2026, subject to customary conditions and regulatory approvals. This acquisition will expand Ferguson’s specialty industrial flow control platform, adding technical depth, attractive end market and product exposure, and significant recurring MRO-driven revenue.

The acquisition is immediately accretive to Adjusted EPS before one-off transaction and integration costs. It is expected to add technical talent and broaden capabilities in valves, valve automation, specialty flow control solutions, and service and repair offerings. Ferguson anticipates significant revenue synergies across multiple non-residential customer groups, including Industrial, Commercial Mechanical, and Waterworks, alongside cost synergies from network optimization, logistics, and technology. The total consideration includes expected synergies of approximately $45 million. Ferguson expects to remain within its targeted net debt to adjusted EBITDA range of 1–2x upon closing the transaction.

FloWorks generated 2025 revenues of approximately $1 billion. Based in Houston, the company holds a legacy of over 65 years as a leading flow control distributor with more than 60 locations in the United States and Canada. It serves highly technical industries including chemicals, refining, power generation, semiconductors, pharmaceuticals, and datacenters. FloWorks is backed by more than 1,000 associates, 25 service and repair centers, and a portfolio of 15 brands. Wynnchurch Capital acquired FloWorks in January 2023, during which time the company completed seven strategic add-on acquisitions and expanded its footprint.

"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," said Kevin Murphy, CEO of Ferguson. "Their expert teams, technical capabilities and strong OEM brands will further enhance our ability to provide essential water solutions for the specialized professional. We welcome their associates to Ferguson and look forward to our next chapter of growth together."

"Joining Ferguson ensures our 65+ year legacy continues with a partner that shares our commitment to customer service and operational excellence," said Scott Jackson, CEO of FloWorks. "Ferguson's scaled platform and capabilities will empower our associates to better serve our customers. This marks an exciting next chapter in FloWorks' history and provides a great home for our associates."

J.P. Morgan Securities LLC is serving as exclusive financial advisor to Ferguson. J.P. Morgan Chase Bank, N.A. is providing committed financing for the transaction. Orrick, Herrington & Sutcliffe LLP is serving as legal counsel. Kirkland & Ellis LLP is advising Ferguson on the financing for the transaction. Jefferies LLC and Solomon Partners served as financial advisors to FloWorks, while Foley & Lardner LLP served as legal advisor to Wynnchurch Capital and FloWorks.