# IDEX agrees to acquire Airtech and US Valve for $470 million

IDEX Corp entered a definitive agreement to acquire Airtech Group Inc and US Valve Corp and related entities from funds managed by EagleTree Capital for $470 million in cash. The deal was reported on 1 April 2021.

- Type: Acquisition
- Announced: 2021-04-01
- Where: Rutherford, New Jersey, United States
- Value: $470.0M
- Status: announced
- Products: valves, composite processing consumables
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md)

## Companies

- [EagleTree Capital](https://endata.com/companies/2779.md) (partner)
- [Airtech Group](https://endata.com/companies/2780.md) (target)
- [IDEX Corporation](https://endata.com/companies/3508.md) (acquirer)
- [US Valve](https://endata.com/companies/5352.md) (target)
- [U.S. Valve Corporation](https://endata.com/companies/7925.md) (target)

## Sources

- [doi.org](https://doi.org/10.1016/s1359-6128(21)00122-1), 2021-04-01: "for a cash consideration of US$470 million."
- [idexcorp.com](https://idexcorp.com/news/news-item/idex-corporation-to-acquire-airtech), 2021-04-27: "IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., US Valve Corporation and related entities."
- [investors.idexcorp.com](https://investors.idexcorp.com/news/news-details/2021/IDEX-Corporation-to-Acquire-Airtech-04-27-2021/default.aspx), 2021-04-27: "IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Airtech Group, Inc."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/832101/000083210121000031/iex-20210427xairtechexx991.htm), 2021-04-27: "IDEX Corporation (NYSE:IEX) today announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., US Valve Corporation and related entities."
- [business.thepilotnews.com](https://business.thepilotnews.com/thepilotnews/article/bizwire-2021-4-27-idex-corporation-to-acquire-airtech), 2021-04-27: "IDEX Corporation (NYSE: IEX) today announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., US Valve Corporation and related entities"
- [themiddlemarket.com](https://www.themiddlemarket.com/latest-news/idex-purchases-airtech), 2021-04-28: "Idex Corp. has entered into a definitive agreement to acquire Airtech Group Inc., US Valve Corp. and related entities."
- [pumpsandsystems.com](https://www.pumpsandsystems.com/idex-corporation-acquire-airtech/), 2021-05-03: "IDEX Corporation announced that it has entered into a definitive agreement to acquire Airtech Group, Inc., U.S. Valve Corporation and related entities"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.