M&A Deal Summary

IDEX Acquires Airtech Vacuum

On April 27, 2021, IDEX acquired manufacturer Airtech Vacuum from EagleTree Capital for 470M USD

Acquisition Highlights
  • This is IDEX’s 8th transaction in the Manufacturing sector.
  • This is IDEX’s 3rd largest (disclosed) transaction.
  • This is IDEX’s 14th transaction in the United States.
  • This is IDEX’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2021-04-27
Target Airtech Vacuum
Sector Manufacturing
Buyer(s) IDEX
Sellers(s) EagleTree Capital
Deal Type Add-on Acquisition
Deal Value 470M USD

Target

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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

IDEX

Northbrook, Illinois, United States

Category Company
Founded 1987
Sector Manufacturing
Employees9,000
Revenue 3.3B USD (2024)
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 22 of 28
Sector: Manufacturing M&A 8 of 13
Type: Add-on Acquisition M&A Deals 19 of 25
State: New Jersey M&A 1 of 2
Country: United States M&A 14 of 18
Year: 2021 M&A 2 of 3
Size (of disclosed) 3 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 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.

Buy $104M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Nexsight

Randolph, New Jersey, United States

Nexsight engaged in designing and creating sewer crawlers, inspection and monitoring systems, and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Nexsight is based in Randolph, New Jersey.

Buy $120M

Seller(S) 1

SELLER

EagleTree Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 4.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.


DEAL STATS #
Overall 24 of 28
Sector: Manufacturing M&A 2 of 2
Type: Add-on Acquisition M&A Deals 11 of 14
State: New Jersey M&A 2 of 3
Country: United States M&A 22 of 26
Year: 2021 M&A 1 of 1
Size (of disclosed) 4 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 Frosch International Travel

Houston, Texas, United States

Frosch International Travel is a travel management company. FROSCH provides premium travel services to clients of all sizes through a seamless global operations platform and innovative technology solutions that simplify and streamline the travel experience for business and deluxe leisure travelers. Frosch International Travel was founded in 1972 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-11 Arc

West Palm Beach, Florida, United States

Arc is a global events, data, and media platform. With a customer-centric approach, guided by data and intelligent insight, Arc seeks out ways to connect communities, wherever, whenever, or however, people need to come together to meet, network, learn, and grow their businesses. Arc is based in West Palm Beach, Florida.

Buy -