ITT Inc. Completes Acquisition of SPX FLOW

Lone Star Funds Acquires SPX FLOW (SPX FLOW acquisition)

April 5, 2022

Industrial Services

SPX FLOW agreed to be acquired by an affiliate of Lone Star Funds in an all-cash transaction valued at $3.8 billion (including assumed debt). The deal successfully closed in April 2022, and SPX FLOW became privately held with its NYSE listing discontinued.

Ingersoll Rand to Acquire SPX FLOW’s Air Treatment Business

October 6, 2022

Industrial Services

Ingersoll Rand entered into an agreement to acquire SPX FLOW’s Air Treatment business for approximately $525 million in an all-cash transaction. The business makes desiccant and refrigerated compressed air dryers, filtration systems, and purifiers, with nearly 50% of revenue coming from recurring aftermarket sources. The deal is expected to close in the fourth quarter after regulatory approvals, integrating the business into Ingersoll Rand’s Industrial Technologies and Services segment.

Apex Group Acquires Flow (FTS Tech, Inc.)

April 8, 2025

Cloud & SaaS

Apex Group Ltd. has acquired FTS Tech, Inc. (trading as Flow), a private-markets SaaS platform that streamlines fund management, onboarding, and investor engagement. The acquisition (Flow brings ~15 employees and $17bn AUA) integrates Flow's technology into Apex's fund administration and middle-office services to expand digital capabilities and deliver an end-to-end private markets infrastructure.

Wynnchurch Capital Acquires Hydraulic Technologies from SPX FLOW

June 4, 2024

Manufacturing

Wynnchurch Capital has acquired Hydraulic Technologies (HT) from SPX FLOW in a carve-out transaction. HT, headquartered in Rockford, Illinois, designs, engineers and manufactures high-pressure hydraulic tools used across infrastructure, manufacturing and rail markets; Wynnchurch said it will invest to accelerate HT’s growth and build on its service and product offering.

Appfire Acquires Flow from Pluralsight

February 5, 2025

Software

Appfire has acquired Flow, Pluralsight’s Software Engineering Intelligence (SEI) platform, expanding Appfire’s product portfolio into engineering productivity and analytics. The acquisition transfers Flow from Pluralsight to Appfire and enables Appfire to offer data-driven developer productivity insights alongside its existing Atlassian/Microsoft/monday.com integrations.

SPL, Inc. (IGP Portfolio Company) Acquires AFS (Assured Flow Solutions)

September 27, 2021

Energy

SPL, Inc., a Houston-based testing, inspection and certification (TIC) platform backed by Industrial Growth Partners, has acquired AFS (Assured Flow Solutions). The add-on expands SPL’s laboratory testing, software and tech-enabled consulting capabilities — particularly in flow assurance, asset integrity and ESG — and broadens its footprint in Houston, Denver, Europe and Asia-Pacific.