Wynnchurch Capital has entered into a definitive agreement to sell FWI Holdings, Inc., doing business as FloWorks, to Ferguson Enterprises. Multiple reports say the transaction is structured as a cash deal and values FloWorks at an enterprise value of about $1.6 billion. Wynnchurch, a middle-market private equity firm, is the seller, while Ferguson Enterprises (NYSE: FERG; also referenced as LSE: FERG) is the buyer. The reports characterize the agreement as a planned acquisition of FloWorks, with the announced valuation serving as the basis for the deal. Details beyond the announced price and the parties’ identities are not provided in the excerpts, including timing for closing or specific regulatory or customary conditions. The transaction is described as definitive, indicating the deal terms are agreed, subject to any standard closing requirements that may be described in full releases. No other differing figures or alternative deal structures are cited across the sources provided.