IDEX Corporation Acquires KZValve

IDEX Corporation Acquires Airtech Group and US Valve from EagleTree Capital

April 27, 2021

Manufacturing

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.

IDEX Corporation Acquires Flow Management Devices, LLC

January 29, 2020

Manufacturing

IDEX Corporation has entered into a definitive agreement to acquire Flow Management Devices, LLC (Flow MD) for $125 million in cash, before closing adjustments. Flow MD, a Phoenix-based maker of small-volume provers used for custody transfer accuracy in the oil and gas industry, has approximately $60 million in annual sales and will join IDEX's energy group.

DeZURIK Acquires Red Valve from Hillenbrand

January 4, 2021

Manufacturing

DeZURIK, Inc. acquired Hillenbrand's Red Valve business in a divestiture completed December 31, 2020, at an enterprise value of $63 million (approximately $58 million cash plus a $5 million note). Hillenbrand said the sale aligns with its strategy to streamline its portfolio and that proceeds will be used primarily to reduce leverage.

Kadant Inc. Acquires KWS Manufacturing Company, Ltd.

January 24, 2024

Manufacturing

Kadant Inc. completed the acquisition of KWS Manufacturing Company, Ltd. for approximately $84 million in cash, financed primarily through borrowings under Kadant's revolving credit facility. KWS, based in Burleson, Texas, is a manufacturer of screw conveyors, screw feeders, slide gates, and bucket elevators serving food, chemical, and wood process industries; it has about 165 employees and reported $45 million in trailing twelve‑month revenue. The business will join Kadant's Material Handling reporting segment to expand product portfolios and internal capabilities.

DexKo Global Acquires Cerma Srl

December 10, 2024

Manufacturing

DexKo Global Inc., through its AL-KO Vehicle Technology unit, has acquired Cerma Srl, a family-owned Italian manufacturer of high-precision hydraulic valves, manifolds and turned components based in Vezzano sul Crostolo, Emilia-Romagna. The purchase strengthens DexKo/AL‑KO’s hydraulics value chain and expands its product range for off‑highway and industrial end markets; financial terms were not disclosed.

The Stephens Group Acquires Quality Valve

December 8, 2022

Industrial Services

The Stephens Group, a Little Rock-based private investment firm, acquired Quality Valve, Inc., a Mobile, Alabama-based distributor of OEM valve replacement and repair parts, from Pfingsten. The transaction closed on December 6, 2022 for undisclosed terms; Audax Private Debt provided debt financing and Lincoln International served as debt advisor.