M&A Deal Summary

Ferguson Acquires HPS Specialties

On August 19, 2025, Ferguson acquired distribution company HPS Specialties

Acquisition Highlights
  • This is Ferguson’s 27th transaction in the Distribution sector.
  • This is Ferguson’s 10th transaction in the United States.
  • This is Ferguson’s 1st transaction in Maryland.

M&A Deal Summary

Date 2025-08-19
Target HPS Specialties
Sector Distribution
Buyer(s) Ferguson
Deal Type Add-on Acquisition
Advisor(s) Trout Capital Advisors (Financial)
Bird Loechl McCants & Holliday (Legal)

Target

HPS Specialties

Mount Airy, Maryland, United States
HPS Specialties is a distributor and manufacturer's representative of specialty engineered products for HVAC, plumbing, and hydronic systems. HPS Specialties is based in Mount Airy, Maryland.

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Buyer(S) 1

Buyer

Ferguson

Wokingham, United Kingdom

Category Company
Founded 1887
Sector Distribution
Employees35,000
Revenue 29.6B USD (2024)
DESCRIPTION

Ferguson is a distributor of plumbing and heating products and a leading supplier of building materials. Ferguson was founded in 1887 and is based in Wokingham, United Kingdom.


DEAL STATS #
Overall 39 of 39
Sector: Distribution M&A 27 of 27
Type: Add-on Acquisition M&A Deals 37 of 37
State: Maryland M&A 1 of 1
Country: United States M&A 10 of 10
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-22 Southwest Geo-Solutions

Austin, Texas, United States

Southwest Geo-Solutions is a distributor of erosion control, containment, geotextile, and geogrid products. Southwest Geo-Solutions is based in Austin, Texas.

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