In this paper, both numerical and experimental methods are adopted to study the fluid–structure interaction (FSI) problem of a wedge structure with stiffeners impacted with water during the free-falling water entry process. In the numerical model, a partitioned two-way couple of CFD and FEM solvers is applied to deal with the FSI problem, where the external fluid pressure exported from the CFD simulation is used to derive the structural responses in the FEM solver, and the structural deformations are fed back into the CFD solver to deform the mesh. Moreover, a tank experiment using a steel wedge model that has the same structural properties is also conducted to compare with the numerical results. Verification and validation of the numerical results indicate that the CFD-FEM coupled method is feasible and reliable. The slamming response results by numerical simulation and experiments, including displacement, velocity, acceleration, slamming pressure, deformation, structural stresses and total forces on the wedge, accounting for hydroelasticity effects in different free falling height conditions are comprehensively analyzed and discussed.