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Advised on Sale of HVAC, Plumbing and Hydronic Products Manufacturer

06/16/25 | Mt. Airy, MD

Trout Capital Advisors served as the exclusive financial advisor to HPS Specialties in its sale to Ferguson Enterprises. HPS Specialties is a leading distributor and manufacturer’s representative of specialty engineered products for HVAC, plumbing, and hydronic systems. The transaction strengthens Ferguson’s specialty product offering and East Coast presence, while creating new opportunities for HPS’s customers and team. Trout Capital Advisors led a competitive sell-side process that drew interest from both strategic and private equity buyers and was completed in under six months.

 

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© 2026 Trout Capital Advisors, LLC. All Rights Reserved. Trout Capital Advisors, LLC (“TCA”) is a Pennsylvania limited liability company and wholly owned subsidiary of Trout, Ebersole & Groff, LLP (“Trout CPA”). TCA is not engaged in the practice of public accountancy. TCA is an “M&A Broker” engaged in the business of effecting securities transactions solely in connection with the transfer of ownership of certain eligible privately held companies through the purchase, sale, exchange, issuance, repurchase, or redemption of, or a business combination involving, securities or assets of the eligible privately held company. As an M&A Broker, TCA is exempt from registration with the Securities and Exchange Commission (“SEC”) as a broker/dealer and is neither registered with the SEC nor a member of FINRA.