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. 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.
Ferguson Enterprises (NYSE: FERG) ha acquisito HPS Specialties, un importante distributore e rappresentante di produttori di prodotti ingegnerizzati speciali per HVAC, impianti idraulici e sistemi idronici. L'operazione, conclusa il 16 giugno 2025, è stata facilitata da Trout Capital Advisors in qualità di consulente finanziario esclusivo di HPS Specialties.
Questa acquisizione rafforza la posizione di Ferguson nel mercato dei prodotti speciali e ingegnerizzati e amplia la sua presenza sulla costa orientale. L'accordo, portato a termine in meno di sei mesi, ha suscitato interesse sia da acquirenti strategici sia da investitori di private equity, sottolineando la forte posizione di mercato di HPS Specialties.
Ferguson Enterprises (NYSE: FERG) ha adquirido a HPS Specialties, un destacado distribuidor y representante de fabricantes de productos especializados e ingenierizados para HVAC, fontanería y sistemas hidrónicos. La transacción, cerrada el 16 de junio de 2025, fue gestionada por Trout Capital Advisors como asesor financiero exclusivo de HPS Specialties.
La adquisición refuerza la posición de Ferguson en el mercado de productos especializados e ingenierizados y amplía su presencia en la costa este. El trato, completado en menos de seis meses, atrajo el interés tanto de compradores estratégicos como de inversores de capital privado, lo que pone de relieve la sólida posición de mercado de HPS Specialties.
Ferguson Enterprises (NYSE: FERG)는 HVAC, 배관 및 유체(히드로닉) 시스템용 특수 엔지니어드 제품의 주요 유통업체 겸 제조사 대리점인 HPS Specialties를 인수했습니다. 이 거래는 2025년 6월 16일에 종결되었으며, HPS Specialties의 단독 재무 자문사인 Trout Capital Advisors가 중개했습니다.
이번 인수로 Ferguson은 특수 및 엔지니어드 제품 시장에서의 입지를 강화하고 동해안(East Coast) 내 영업 기반을 확장하게 되었습니다. 6개월 이내에 완료된 이 거래는 전략적 인수 후보와 사모펀드 투자자 모두의 관심을 끌며 HPS Specialties의 탄탄한 시장 지위를 부각시켰습니다.
Ferguson Enterprises (NYSE: FERG) a acquis HPS Specialties, un important distributeur et représentant de fabricants de produits techniques spécialisés pour les systèmes CVC, plomberie et hydroniques. La transaction, conclue le 16 juin 2025, a été facilitée par Trout Capital Advisors en tant que conseiller financier exclusif de HPS Specialties.
Cette acquisition renforce la position de Ferguson sur le marché des produits spécialisés et techniques tout en élargissant sa présence sur la côte Est. L'opération, finalisée en moins de six mois, a suscité l'intérêt d'acquéreurs stratégiques et d'investisseurs en capital-investissement, soulignant la solide position de marché de HPS Specialties.
Ferguson Enterprises (NYSE: FERG) hat HPS Specialties übernommen, einen führenden Vertriebspartner und Herstellervertreter für speziell entwickelte Produkte für HVAC-, Sanitär- und Hydroniksysteme. Die Transaktion, die am 16. Juni 2025 abgeschlossen wurde, wurde von Trout Capital Advisors als exklusivem Finanzberater von HPS Specialties begleitet.
Die Akquisition stärkt Fergusons Position im Markt für Spezial- und Ingenieurprodukte und erweitert seine Präsenz an der Ostküste. Der in weniger als sechs Monaten abgeschlossene Deal zog sowohl strategische Käufer als auch Private-Equity-Investoren an und unterstreicht die starke Marktposition von HPS Specialties.
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Insights
Ferguson's acquisition of HPS Specialties strengthens its specialty product portfolio and East Coast presence, supporting strategic growth in HVAC and plumbing sectors.
Ferguson's acquisition of HPS Specialties represents a strategic expansion of its specialty engineered products portfolio for HVAC, plumbing, and hydronic systems. This transaction enhances Ferguson's East Coast footprint and aligns with its growth strategy in specialized trade professional solutions.
The acquisition follows what was described as a "highly competitive" sell-side process, indicating Ferguson faced significant competition from both strategic buyers and private equity firms to secure this asset. This suggests HPS Specialties holds considerable value in the specialty distribution market.
What makes this deal particularly notable is the speed of execution—completed in under six months—signaling both Ferguson's decisive approach to strategic acquisitions and HPS Specialties' attractive market position. The complementary nature of these businesses appears strong, with Ferguson gaining specialized expertise and HPS benefiting from Ferguson's larger platform capabilities.
For Ferguson shareholders, this transaction represents continued execution of the company's growth-through-acquisition strategy in the fragmented specialty distribution sector. While financial terms weren't disclosed, the acquisition likely provides Ferguson with cross-selling opportunities, potential operational synergies, and enhanced market penetration in specialized HVAC and plumbing product categories.
The emphasis on shared values and vision in the announcement suggests cultural alignment between the organizations, which typically improves integration success rates and helps retain key talent—critical factors in capturing full value from such acquisitions.
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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