LANCASTER, PA — Trout Capital Advisors has announced its role as the exclusive financial advisor to HPS Specialties, LLC in the company’s sale to Ferguson Enterprises Inc. (NYSE: FERG; LSE: FERG), a Fortune 500 strategic buyer headquartered in Newport News, Virginia. The transaction, which closed on June 16, 2025, marks a significant milestone for both organizations and underscores Ferguson’s ambitions to strengthen its presence in the specialty and engineered product markets.
Strategic Growth and Market Expansion
The acquisition advances Ferguson’s strategy to expand its footprint along the East Coast while bolstering its portfolio of plumbing and HVAC solutions for specialized trade professionals. By integrating HPS Specialties, Ferguson gains access to new markets and enhances its capacity to deliver innovative, customer-focused services.
Competitive Sale Process
Trout Capital Advisors managed a highly competitive sell-side process, drawing interest from both private equity investors and strategic acquirers. The deal was completed in less than six months, demonstrating both the market strength of HPS Specialties and the effectiveness of Trout’s advisory role.
Leadership Reactions
HPS Specialties’ leadership expressed strong enthusiasm for the partnership.
“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 our negotiations, and ultimately helped us find a fantastic partner in Ferguson.”
Andrew Rice, Managing Partner at Trout Capital Advisors, highlighted Ferguson’s strategic fit:
“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.”
Co-President Davis Yoho echoed the sentiment, emphasizing cultural alignment:
“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.”
Legal Advisory and Closing Details
Kevin Loechl, Quincy Jackson, and Colton Francoeur of Bird Loechl McCants & Holliday served as legal counsel to HPS Specialties throughout the transaction.
With this acquisition, Ferguson continues its trajectory of strategic growth, while HPS Specialties gains access to broader resources and opportunities to scale its operations.
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