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ITT agreed to acquire SPX FLOW from Lone Star Funds for a total consideration of $4.775 billion in cash and equity. The deal values SPX FLOW at 14.2x forecast 2026 adjusted EBITDA, and ITT expects $80 million in run-rate cost synergies by year three.
Lone Star Funds agreed to buy industrial pump and valve maker SPX Flow Inc. for $3.8 billion including assumed debt, at $86.50 per share in cash. The deal was announced on December 13, 2021.