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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