Trout Capital Advisors Advises on Sale of HPS Specialties to Ferguson Enterprises
Ferguson Enterprises (NYSE: FERG) has acquired HPS Specialties, a leading distributor and manufacturer's representative of specialty engineered products for HVAC, plumbing, and hydronic systems.
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Ferguson Enterprises (NYSE: FERG) has acquired HPS Specialties, a leading distributor and manufacturer's representative of specialty engineered products for HVAC, plumbing, and hydronic systems. The transaction, which closed on June 16, 2025, was facilitated by Trout Capital Advisors as the exclusive financial advisor to HPS Specialties.
The acquisition strengthens Ferguson's position in the specialty and engineered product market while expanding its East Coast footprint. The deal, completed in under six months, attracted interest from both strategic acquirers and private equity investors, highlighting HPS Specialties' strong market position.
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News Market Reaction – FERG
On Aug 19, the day this news came out, FERG closed 0.55% above the previous close.
Data tracked by StockTitan Argus for the Aug 19 session.
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The transaction, which closed on June 16, 2025, represents a significant milestone for both companies. Ferguson's acquisition of HPS Specialties strengthens its position in the specialty and engineered product market and expands its footprint along the East Coast. The acquisition is a strategic advancement aligned with Ferguson's continued growth and its commitment to providing innovative plumbing and HVAC solutions to the specialized trade professional.
Trout Capital Advisors led a highly competitive sell-side process that attracted interest from both strategic acquirers and private equity investors. The process was completed in under six months, underscoring the strength of HPS Specialties' market position and the quality of its leadership team.
"We are beyond appreciative of the Trout Capital Advisors team," said Eric Gaumer, Co-President of HPS Specialties. "From the beginning, they educated us on every step of the process, enabling a level of preparedness that clearly benefitted in our negotiations, and ultimately a fantastic partner in Ferguson."
Said Andrew Rice, Managing Partner at Trout Capital Advisors: "It quickly became apparent that Ferguson was a highly motivated buyer that could provide a platform for HPS to further serve its growing customer base. These two companies belong together."
Adding to that sentiment, Co-President of HPS Specialties, Davis Yoho, commented "Ferguson's shared values and vision, not only for our customers, but also for our team members, left no doubt in our decision. We are thrilled for the opportunities ahead."
Kevin Loechl, Quincy Jackson, and Colton Francoeur of Bird Loechl McCants & Holliday served as legal counsel to HPS Specialties.
About Trout Capital Advisors
Trout Capital Advisors, LLC is a boutique investment banking firm exclusively serving lower-middle market businesses, with a focus on founder- and family-owned companies. With deep transactional experience and a client-centered approach, the firm delivers tailored advisory solutions that help owners achieve successful outcomes during one of the most significant events in their business lives. Trout Capital Advisors is a wholly owned subsidiary of Trout CPA, a leading provider of accounting, tax, and advisory services.
Media Contact:
Andrew Rice
Managing Partner
Trout Capital Advisors, LLC
anrice@troutcapital.com
www. troutcapital.com
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SOURCE Trout Capital Advisors
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