IDEX Corporation Acquires Airtech Group and US Valve from EagleTree Capital
April 27, 2021
IDEX Corporation agreed to acquire Airtech Group, Inc., US Valve Corporation and related entities from investment funds managed by EagleTree Capital for $470 million in cash (subject to customary adjustments). The acquisition brings engineered vacuum pumps, regenerative blowers, compressor systems and valves into IDEX's Health & Science Technology segment; Airtech's largest facility is in Rutherford, New Jersey, with additional operations in Werneck, Germany and Shenzhen, China.
- Buyers
- IDEX Corporation (NYSE:IEX)
- Targets
- Airtech Group, Inc., US Valve Corporation
- Sellers
- Investment funds managed by EagleTree Capital, EagleTree Capital
- Industry
- Manufacturing
- Location
- New Jersey, United States
- Transaction Type
- Buyout
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