M&A Deal Summary

IDEX Acquires ABEL Pumps

On January 11, 2021, IDEX acquired machinery company ABEL Pumps from Hillenbrand for 104M USD

Acquisition Highlights
  • This is IDEX’s 4th transaction in the Machinery sector.
  • This is IDEX’s 12th largest (disclosed) transaction.
  • This is IDEX’s 13th transaction in the United States.
  • This is IDEX’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2021-01-11
Target ABEL Pumps
Sector Machinery
Buyer(s) IDEX
Sellers(s) Hillenbrand
Deal Type Divestiture
Deal Value 104M USD

Target

ABEL Pumps

Pittsburgh, Pennsylvania, United States
ABEL Pumps designs and manufactures highly engineered reciprocating positive displacement pumps for a variety of end markets, including mining, marine, power, water, wastewater, and other general industries. The company’s diaphragm and high-pressure piston pumps serve harsh, demanding applications involving abrasive or corrosive substances and fluids with high solids content. ABEL Pumps is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States

Category Company
Founded 1987
Sector Manufacturing
Employees8,800
Revenue 3.3B USD (2023)
DESCRIPTION

IDEX is engaged in the development, design, and manufacture of fluidics systems and specialty-engineered products. IDEX was founded in 1987 and is based in Northbrook, Illinois.


DEAL STATS #
Overall 21 of 28
Sector (Machinery) 4 of 4
Type (Divestiture) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 13 of 18
Year (2021) 1 of 3
Size (of disclosed) 12 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-29 Flow Management Devices

Phoenix, Arizona, United States

Flow Management Devices LLC (Flow MD) engineers and manufactures technically-differentiated “unidirectional captive displacement provers,” also called “small volume provers” that ensure custody transfer accuracy in the oil and gas industry.

Buy $125M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-27 Airtech Vacuum

Rutherford, New Jersey, United States

Airtech Vacuum is a designer and manufacturer of highly engineered pressure technology products including vacuum pumps, regenerative blowers, compressors, and valves. Airtech Vacuum, Inc. provides customized solutions across diversified end markets and serves clients on a global basis, with operations in the United States, Europe, and Asia. Airtech Vacuum was founded in 1982 and is based in Rutherford, New Jersey.

Buy $470M

Seller(S) 1

SELLER

Hillenbrand

Batesville, Indiana, United States

Category Company
Founded 1906
Sector Machinery
Employees10,400
Revenue 2.8B USD (2023)
DESCRIPTION

Hillenbrand is a diversified industrial company with multiple market-leading brands that serve a wide variety of industries across the globe. Hillenbrand's portfolio is composed of two business segments: the Process Equipment Group and Batesville. The Process Equipment Group businesses design, develop, manufacture and service highly engineered industrial equipment around the world. Batesville is a recognized leader in the North American death care industry. Hillenbrand was founded in 1906 and is based in Batesville, Indiana.


DEAL STATS #
Overall 3 of 5
Sector (Machinery) 2 of 3
Type (Divestiture) 3 of 5
State (Pennsylvania) 2 of 2
Country (United States) 3 of 5
Year (2021) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Red Valve

Pittsburgh, Pennsylvania, United States

Red Valve Co., Inc. is a provider of highly-engineered machinery designed to operate in the harshest municipal and industrial wastewater environments. The company's products support mission-critical applications in water, power and mining, and other general industrial markets. Red Valve was formed in 1953 and is based in Pittsburgh, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-03 TerraSource Global

St. Louis, Missouri, United States

TerraSource Global is a manufacturer of high-quality material sizing equipment based on the Gundlach, Jeffrey Rader and Pennsylvania Crusher brands. TerraSource Global is based in St. Louis, Missouri.

Sell -