Historical performance in the HVAC category.
Source: Acquire.fyi, Jan 1, 2025 - Jul 13, 2026.
Largest mergers and acquisitions by disclosed deal value.
| Acquirer | Target | Type | Value | Headline |
|---|---|---|---|---|
| Ferguson Enterprises Inc. | FWI Holdings, Inc. | Acquisition | $1.6B | Ferguson Buys FloWorks for $1.6 Billion to Deepen Industrial Reach |
| Atmus Filtration Technologies Inc. | Koch Filter Corporation | Acquisition | $450M | Atmus Filtration Technologies Inc. acquires Koch Filter Corporation in $450.0M cash deal |
| Copeland | Bueno Analytics | Acquisition | Undisclosed | Copeland to acquire Bueno Analytics |
| Trane Technologies | Stellar Energy Digital business | Acquisition | Undisclosed | Trane Technologies to acquire Stellar Energy Digital business |
| L Squared Capital Partners | Functional Devices, Inc. | Acquisition | Undisclosed | L Squared Capital Partners acquires Functional Devices, Inc. in cash and equity deal |
| Trane Technologies | Stellar Energy Americas, Inc. | Acquisition | Undisclosed | Trane Technologies acquires Stellar Energy Americas, Inc. |
| Trane Technologies | LiquidStack | Acquisition | Undisclosed | Trane Technologies to acquire LiquidStack |
| DXP Enterprises, Inc. | PREMIERflow, LLC and Mid Atlantic Storage Systems Inc. | Acquisition | Undisclosed | DXP Enterprises, Inc. acquires PREMIERflow, LLC and Mid Atlantic Storage Systems Inc. in cash deal |
| PremiStar | Mechanical Service & Systems | Sale | Undisclosed | PremiStar acquires Mechanical Service & Systems |
| Mantis Innovation | E4E Solutions | Acquisition | Undisclosed | Mantis Innovation acquires E4E Solutions |
Page 1 of latest articles and deal coverage.
The deal pushes Ferguson further into technical flow control and recurring industrial maintenance revenue as distributors chase scale beyond cyclical construction demand.