Deal Timeline

Plotted by close date where disclosed, otherwise announcement. Select any marker to jump to the deal entry.

The Rationale That Repeats.

Three patterns show up across IDEX's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the deals below are the evidence.

01
Acquisition criteria
Platform-then-tuck-in compounding.
IDEX repeatedly buys a sizable platform and then bolts smaller businesses onto it over many years. Hale Products (1994) anchored fire & rescue, later joined by Class 1, Akron Brass and AWG Fittings; ADS (2008) anchored water monitoring, later joined by iPEK, IETG and Nexsight; CVI Melles Griot (2011) anchored optics & photonics, later joined by Semrock, Advanced Thin Films, Precision Photonics and Iridian.
Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation
02
Capital deployment
All-cash, niche, engineered-products focus.
Nearly every IDEX deal is funded with cash on hand or revolver borrowings and targets a market-leading maker of highly engineered components — pumps, valves, seals, flow meters and optical filters — rather than broad platforms. Management describes targets as a 'leader' or 'global leader' in a defensible niche, paying for proprietary technology and pricing power across fluidics, metering and scientific instrumentation.
Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation
03
Integration approach
Migration up the value chain toward science and semiconductors.
Early IDEX deals centered on industrial pumps and dispensing; the recent cadence (STC Material Solutions, Iridian, Muon Group, Mott, Micro-LAM) concentrates on materials science, optics and micro-precision components for semiconductor, life-science and space/defense markets. The Mott acquisition — IDEX's largest ever at roughly $982 million — explicitly targets semiconductor wafer fab equipment, energy transition and medical technologies.
Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation

The Full Deal Book

36 acquisitions. Each entry carries the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.

01 Mott Corporation · Farmington, Connecticut, USA $982.0M
Announced Jul 2024 Closed Sep 2024 all cash
sintered porous metal componentsmicrofiltrationengineered fluidic solutions

Leading microfiltration business specializing in the design, customization and manufacturing of sintered porous metal components and engineered solutions used in fluidic applications. Headquartered in Farmington, Connecticut. $982.0 million (cash, net of cash acquired); ~$1 billion announced.

The addition of Mott supports our strategy to deliver long-term, compounding value to our customers, employees, and shareholders, which includes targeted inorganic growth funded by strong cash flow generation.Eric D. Ashleman — Chief Executive Officer and President, IDEX
02 Akron Brass (Akron Brass Holding Corporation) · Wooster, Ohio, USA $224.2M
Announced Feb 2016 Closed Mar 2016 all cash
apparatus valvesmonitorsnozzlesspecialty lightingelectronic vehicle-control systemsfirefighting hand tools

Global leader in the manufacturing of safety equipment and emergency response equipment, operating under the Akron Brass and Weldon brand names; produces a large array of engineered life-safety products including apparatus valves, monitors, nozzles, specialty lighting, electronic vehicle-control systems and firefighting hand tools. Acquired from Premier Farnell plc. $224.2 million (base purchase price).

We are pleased to announce the Akron Brass transaction, and look forward to welcoming them to the IDEX family. Akron Brass' world-class brands and presence as a premier manufacturer of firefighting equipment are an excellent strategic fit within our existing Fire Suppression platform.Andy Silvernail — Chairman and Chief Executive Officer, IDEX
03 CVI Melles Griot (CVI) · Albuquerque, New Mexico, USA (manufacturing on three continents) $400M
Announced May 2011 Closed Jun 2011 all cash
specialty lasers and light sourceselectro-optical componentsopto-mechanical assembliesaspheric lenseslaser mirrorsinterference filterspolarizers

Global leader in the design and manufacture of precision photonic solutions used in the Life Sciences, Research, Semiconductor, Security and Defense markets; products include specialty lasers and light sources, electro-optical components, opto-mechanical assemblies, aspheric lenses, laser mirrors, interference filters and polarizers. Acquired from Norwest Equity Partners. approximately $400 million (cash).

Why it was attractive
  • Expected to be accretive to IDEX's earnings within the first full year after acquisition
We are thrilled with the opportunity to add CVI to IDEX as the cornerstone to our rapidly expanding optics and photonics platform. CVI is a true leader in the field of high precision optical devices.Larry Kingsley — Chairman and Chief Executive Officer, IDEX
04 ADS, LLC (formerly Nova Technologies Corporation) · Huntsville, Alabama, USA $160M
Announced Nov 2007 Closed Jan 2008 all cash
metering technologyflow monitoring serviceswater/wastewater network management

Leading provider of metering technology and flow monitoring services for the water and wastewater markets. Headquartered in Huntsville, Alabama, with regional sales and service offices throughout the United States and Australia. approximately $156-160 million (cash).

05 Banjo Corporation · Crawfordsville, Indiana, USA $184.5M
Announced Sep 2006 Closed Oct 2006 all cash
severe-duty pumpsvalvesfittingsliquid-handling systems

Provider of special purpose, severe duty pumps, valves, fittings and systems used in liquid handling; products serve agricultural and industrial applications. Based in Crawfordsville, Indiana. $184.5 million (purchase price).

06 Hale Products, Inc. · Conshohocken, Pennsylvania, USA $90M
Announced May 1994 Closed May 1994 all cash
fire-truck pumpsrescue toolsfire suppression equipment

IDEX, through its subsidiary HPI Acquisition Corporation, purchased all outstanding common stock of Hale Products, Inc.; Hale is a leading manufacturer of fire-truck pumps and rescue equipment. approximately $90 million (includes refinancing of certain indebtedness).

07 Micro-LAM, Inc. · Portage, Michigan, USA $80.4M
Announced Jul 2025 Closed Jul 2025 all cash
laser-assisted machiningultra-precision diamond toolscustom optics

Advanced optics manufacturer of laser-assisted machining, ultra-precision diamond tools and custom optics, complementary to IDEX's Optics Technologies solutions. Headquartered in Portage, Michigan. $80.4 million (cash, net of cash) plus earnout.

On July 29, 2025, the Company acquired Micro-LAM, Inc. in a stock acquisition. Micro-LAM is an advanced optics manufacturer of laser-assisted machining, ultra-precision diamond tools and custom optics that is complementary to the Company's Optics Technologies solutions.
08 Iridian Spectral Technologies · Ottawa, Canada $109.8M
Announced May 2023 Closed May 2023 all cash
thin-film optical filtersmulti-layer optical coatings

Global leader in designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications and life sciences markets. Headquartered in Ottawa, Canada. $109.8 million (cash).

On May 19, 2023, the Company acquired Iridian Spectral Technologies in a stock acquisition. Iridian is a global leader in designing and manufacturing thin-film, multi-layer optical filters serving the laser communications, telecommunications and life sciences markets and expands the Company's array of optical technology offerings.
09 STC Material Solutions · St. Albans, Vermont, USA $200.4M
Announced Dec 2023 Closed Dec 2023 all cash
technical ceramicshermetic sealing products

Designs and manufactures technical ceramics and hermetic sealing products for critical applications in the semiconductor, space and defense, industrial technology, medical technology and energy markets. Headquartered in St. Albans, Vermont, with operations in Santa Ana, California. $200.4 million (cash).

On December 14, 2023, the Company acquired STC Material Solutions in a stock acquisition. STC specializes in the design and manufacturing of technical ceramics and hermetic sealing products for critical applications in the semiconductor, space and defense, industrial technology, medical technology and energy markets.
10 Nexsight, LLC (Envirosight, WinCan, MyTana, Pipeline Renewal Technologies) · Randolph, New Jersey, USA $112.5M
Announced Feb 2022 Closed Feb 2022 combination
sewer crawlerspipeline inspection and monitoring systemswastewater software

Businesses include Envirosight, WinCan, MyTana and Pipeline Renewal Technologies; designs and creates sewer crawlers, inspection and monitoring systems and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely. Headquartered in Randolph, New Jersey. $112.5 million (cash).

On February 28, 2022, the Company acquired Nexsight, LLC and its businesses Envirosight, WinCan, MyTana and Pipeline Renewal Technologies in a partial stock and partial asset acquisition. Nexsight complements and creates synergies with the Company's existing iPEK and ADS business units.
11 KZ CO. (KZValve) · Greenwood, Nebraska, USA $120.1M
Announced May 2022 Closed May 2022 all cash
electric valvescontrollersagricultural fluid control

Leading manufacturer of electric valves and controllers used primarily in agricultural applications. Headquartered in Greenwood, Nebraska. $120.1 million (cash).

On May 2, 2022, the Company acquired KZ CO. (“KZValve”) in an asset acquisition. KZValve is a leading manufacturer of electric valves and controllers used primarily in agricultural applications. KZValve augments and expands IDEX's agricultural portfolio, complementing Banjo's current fluid management solutions.
12 ABEL (ABEL Pumps, L.P.) · Buchen, Germany $106.3M
Announced Mar 2021 Closed Mar 2021 all cash
reciprocating positive displacement pumpshigh-pressure pumps

Designs and manufactures highly engineered reciprocating positive displacement pumps for end markets including mining, marine, power, water, wastewater and other general industries. Headquartered in Buchen, Germany, with operations in Madrid, Spain and Mansfield, Ohio. $106.3 million (cash).

On March 10, 2021, the Company acquired the stock of ABEL Pumps, L.P. and certain of its affiliates (“ABEL”). ABEL 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.
13 Flow Management Devices, LLC (Flow MD) · Phoenix, Arizona, USA $121.2M
Announced Feb 2020 Closed Feb 2020 all cash
flow measurement systemssmall volume proverscustody transfer

Privately held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry; engineers and manufactures small volume provers. Headquartered in Phoenix, Arizona, with operations in Houston, Texas and Pittsburgh, Pennsylvania. $121.2 million (cash).

On February 28, 2020, the Company acquired the membership interests of Flow Management Devices, LLC (“Flow MD”), a privately held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry.
14 Qualtek Manufacturing, Inc. · Colorado Springs, Colorado, USA $1.9M
Announced Nov 2020 Closed Nov 2020 all cash
tool and diemetal stampingmetal finishing

Manufacturer of high quality specialty metal components and parts providing vertically integrated tool and die, metal stamping and metal finishing services. Headquartered in Colorado Springs, Colorado. $1.9 million (cash).

On November 23, 2020, the Company acquired Qualtek Manufacturing, Inc. (“Qualtek”), a manufacturer of high quality specialty metal components and parts by providing vertically integrated tool and die, metal stamping and metal finishing services.
15 Finger Lakes Instrumentation (FLI) · Lima, New York, USA $23.6M
Announced Jul 2018 Closed Jul 2018 combination
cooled CCD camerasscientific CMOS camerasscientific imaging

Technology leader in the design, development and production of low-noise cooled CCD and high-speed, high-sensitivity Scientific CMOS cameras for the astronomy and life science markets. Headquartered in Lima, New York. $23.6 million (incl. $20.2M cash + $3.4M contingent).

On July 23, 2018, the Company acquired Finger Lakes Instrumentation (“FLI”), a technology leader in the design, development and production of low-noise cooled CCD and high speed, high-sensitivity Scientific CMOS cameras for the astronomy and life science markets.
16 Phantom Controls (intellectual property assets) $4.0M
Announced Jun 2018 Closed Jun 2018 all cash
fire-ground pump control technologyintellectual property

Acquisition of the intellectual property assets of Phantom Controls; operational capabilities and pump-operation technology complement IDEX's water-flow expertise of Hale, Akron Brass and Class 1. $4.0 million (cash).

On June 22, 2018, the Company acquired the intellectual property assets of Phantom Controls (“Phantom”) for cash consideration of $4.0 million. The operational capabilities and innovative pump operation of Phantom's technology complements our existing water-flow expertise of Hale, Akron Brass and Class 1.
17 thinXXS Microtechnology AG · Zweibrucken, Germany $38.2M
Announced Dec 2017 Closed Dec 2017 all cash
microfluidic componentspoint-of-care fluidics

Leader in the design, manufacture and sale of microfluidic components serving the point-of-care, veterinary and life science markets. Headquartered in Zweibrucken, Germany. $38.2 million (cash) plus $1.2M assumed debt.

On December 8, 2017, the Company acquired the stock of thinXXS Microtechnology AG (“thinXXS”), a leader in the design, manufacture, and sale of microfluidic components serving the point of care, veterinary, and life science markets.
18 AWG Fittings GmbH · Ballendorf, Germany $47.5M
Announced Jul 2016 Closed Jul 2016 all cash
firefighting valvesmonitorsnozzles

Producer of engineered products for the safety and emergency response markets, including valves, monitors and nozzles. Headquartered in Ballendorf, Germany. $47.5 million ($42.8M EUR equivalent).

On July 1, 2016, the Company acquired the stock of AWG Fittings GmbH (“AWG Fittings”), a producer of engineered products for the safety and emergency response markets, including valves, monitors and nozzles.
19 SFC Koenig AG · Dietikon, Switzerland $241.1M
Announced Aug 2016 Closed Aug 2016 all cash
engineered expanderscheck valvessealing plugs

Producer of highly engineered expanders and check valves for critical applications across the transportation, hydraulic, aviation and medical markets. Headquartered in Dietikon, Switzerland. $241.1 million ($215.9M EUR equivalent).

On August 31, 2016, the Company acquired the stock of SFC Koenig AG (“SFC Koenig”), a producer of highly engineered expanders and check valves for critical applications across the transportation, hydraulic, aviation and medical markets.
20 Novotema SpA · Villongo, Italy $61.1M
Announced May 2015 Closed May 2015 all cash
specialty sealing solutionselastomer seals

Leader in the design, manufacture and sale of specialty sealing solutions for use in the building products, gas control, transportation, industrial and water markets. Located in Villongo, Italy. $61.1 million ($56M EUR equivalent).

On May 29, 2015, the Company acquired the stock of Novotema, SpA (“Novotema”), a leader in the design, manufacture and sale of specialty sealing solutions.
21 Alfa Valvole S.r.l · Casorezzo, Italy $112.6M
Announced Jun 2015 Closed Jun 2015 all cash
specialty valveschemical/petrochemical valves

Leader in the design, manufacture and sale of specialty valve products for use in the chemical, petro-chemical, energy and sanitary markets. Located in Casorezzo, Italy. $112.6 million ($99.8M EUR equivalent).

On June 10, 2015, the Company acquired the stock of Alfa Valvole, S.r.l (“Alfa Valvole”), a leader in the design, manufacture and sale of specialty valve products for use in the chemical, petro-chemical, energy and sanitary markets.
22 CiDRA Precision Services, LLC (CPS) · Wallingford, Connecticut, USA $24.2M
Announced Jul 2015 Closed Jul 2015 combination
microfluidic componentsprecision microfabrication

Leader in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets. Located in Wallingford, Connecticut. $24.2 million (incl. $19.5M cash).

On July 1, 2015, the Company acquired the membership interests of CiDRA Precision Services, LLC (“CPS”), a leader in the design, manufacture and sale of microfluidic components serving the life science, health and industrial markets.
23 Aegis Flow Technologies · Geismar, Louisiana, USA $25M
Announced Apr 2014 Closed Apr 2014 all cash
chemical processing valvessevere-service valves

Producer of specialty chemical processing valves for use in the chemical, petro-chemical, chlor-alkali, pharmaceutical, semiconductor and pulp/paper industries. Located in Geismar, Louisiana. approximately $25 million (cash).

On April 28, 2014, the Company acquired the stock of Aegis Flow Technologies (“Aegis”), a leader in the design, manufacture and sale of specialty chemical processing valves.
24 FTL Seals Technology, Ltd. · Leeds, England $22.5M
Announced Mar 2013 Closed Mar 2013 all cash
rotary sealsspecialty bearingscustom sealing products

Specializes in the design and application of high integrity rotary seals, specialty bearings, and other custom products for the oil & gas, mining, power generation, and marine markets. Located in Leeds, England. approximately $22.5 million (GBP 15.0M).

On March 18, 2013, the Company acquired the stock of FTL Seals Technology, Ltd (“FTL”). FTL specializes in the design and application of high integrity rotary seals, specialty bearings, and other custom products.
25 Precision Photonics Corporation (PPC) · Boulder, Colorado, USA $20.6M
Announced Apr 2012 Closed Apr 2012 all cash
optical componentsoptical coatings

Specializes in optical components and coatings for applications in scientific research, aerospace, telecommunications and electronics manufacturing. Located in Boulder, Colorado. $20.6 million (cash).

On April 11, 2012, the Company acquired the stock of Precision Photonics Corporation (“PPC”). PPC specializes in optical components and coatings for applications in the fields of scientific research, aerospace, telecommunications and electronics manufacturing.
26 Advanced Thin Films, LLC (AT Films) · Boulder, Colorado, USA $32.0M
Announced Jan 2011 Closed Jan 2011 all cash
optical filterssplittersreflectorsmirrorscoatings

Specializes in optical components and coatings for scientific research, defense, aerospace, telecommunications and electronics manufacturing; core competence in the design and manufacture of filters, splitters, reflectors and mirrors. Headquartered in Boulder, Colorado. approximately $32.0 million (cash).

On January 31, 2011, the Company acquired the membership interests of AT Films. AT Films specializes in optical components and coatings for applications in the fields of scientific research, defense, aerospace, telecommunications and electronics manufacturing.
27 OBL S.r.l. · Milan, Italy $15.4M
Announced Jul 2010 Closed Jul 2010 all cash
diaphragm pumpspolymer blending systems

Leading provider of mechanical and hydraulic diaphragm pumps; provides polymer blending systems and related accessories for water, waste water, oil and gas, petro-chemical and power generation markets. Headquartered in Milan, Italy. $15.4 million (cash).

On July 21, 2010, the Company acquired the stock of OBL, S.r.l. (“OBL”), a leading provider of mechanical and hydraulic diaphragm pumps.
28 Periflo · Loveland, Ohio, USA $4.3M
Announced Sep 2010 Closed Sep 2010 all cash
peristaltic hose pumps

Leading provider of peristaltic pumps for the industrial and municipal water & waste water markets; offers a complete family of peristaltic hose pumps. Headquartered in Loveland, Ohio. $4.3 million (cash).

On September 17, 2010, the Company acquired the assets of Periflo, a leading provider of peristaltic pumps for the industrial and municipal water & waste water markets.
29 Fitzpatrick · Elmhurst, Illinois, USA $20.3M
Announced Nov 2010 Closed Nov 2010 all cash
size reductionroll compactiondrying systems

Global leader in the design and manufacture of process technologies for the pharmaceutical, food and personal care markets; manufactures customized size reduction, roll compaction and drying systems. Headquartered in Elmhurst, Illinois. approximately $20.3 million (cash).

On November 1, 2010, the Company acquired the stock of Fitzpatrick, a global leader in the design and manufacture of process technologies for the pharmaceutical, food and personal care markets.
30 iPEK · Hirschegg, Austria $44.5M
Announced Oct 2008 Closed Oct 2008 combination
remote-controlled inspection systemssewer crawlers

Provider of systems focused on infrastructure analysis, specifically wastewater collection systems; developer of remote controlled systems for infrastructure inspection. Headquartered in Hirschegg, Austria. $44.5 million (incl. $43.1M cash).

On October 14, 2008, the Company acquired the stock of iPEK, a provider of systems focused on infrastructure analysis, specifically wastewater collection systems.
31 Innovadyne $3.3M
Announced Nov 2008 Closed Nov 2008 all cash
nanoliter dispensing instrumentsassay miniaturization

Provider of nanoliter dispensing instruments for the life sciences industry; products used for assay miniaturization across High Throughput Screening, Assay Development, PCR/Sequencing and Protein Crystallography. $3.3 million (cash).

On November 14, 2008, the Company acquired the stock of Innovadyne, a provider of nanoliter dispensing instruments for the life sciences industry.
32 Faure Herman SA · La Ferte Bernard, France $25.9M
Announced Feb 2007 Closed Feb 2007 combination
ultrasonic flow metershelical turbine flow meterscustody transfer

Leading provider of ultrasonic and helical turbine flow meters used in the custody transfer and control of high value fluids and gases. Headquartered in La Ferte Bernard, France. $25.9 million (incl. $24.3M cash).

On February 14, 2007, the Company acquired the stock of Faure Herman, a leading provider of ultrasonic and helical turbine flow meters used in the custody transfer and control of high value fluids and gases.
33 Airshore International · British Columbia, Canada $12.6M
Announced Jan 2006 Closed Jan 2006 all cash
stabilization strutslifting bagsforcible entry tools

Provides stabilization struts for collapsed buildings and vehicles, high-and-low pressure lifting bags and forcible entry tools for the fire and rescue markets. Based in British Columbia, Canada. $12.6 million (cash).

On January 12, 2006, the Company acquired the assets of Airshore International (“Airshore”), based in British Columbia, Canada. Airshore provides stabilization struts for collapsed buildings and vehicles, high-and-low pressure lifting bags and forcible entry tools for the fire and rescue markets.
34 JUN-AIR International A/S · Norresundby, Denmark $22.4M
Announced Feb 2006 Closed Feb 2006 combination
ultra-quiet vacuum compressorslaboratory air

Provider of low decibel, ultra quiet vacuum compressors suitable for medical, dental and laboratory applications. Based in Norresundby, Denmark. $22.4 million (incl. $15.3M cash).

On February 28, 2006, the Company acquired the stock of JUN-AIR International A/S (“JUN-AIR”), based in Norresundby, Denmark. JUN-AIR is a provider of low decibel, ultra quiet vacuum compressors suitable to medical, dental and laboratory applications.
35 Eastern Plastics, Inc. · Bristol, Connecticut, USA $92.4M
Announced May 2006 Closed May 2006 all cash
integrated fluidicsengineered plasticsdiagnostic fluidics

Provider of high-precision integrated fluidics and associated engineered plastics solutions; products used in medical diagnostics, analytical instrumentation and laboratory automation. Based in Bristol, Connecticut. $92.4 million (cash).

On May 2, 2006, the Company acquired the stock of Eastern Plastics, Inc. (“Eastern Plastics”), a provider of high-precision integrated fluidics and associated engineered plastics solutions.
36 Toptech Systems, Inc. · Longwood, Florida, USA $55.0M
Announced Dec 2006 Closed Dec 2006 all cash
terminal automation hardware and softwarecustody transfer control

Leading provider of terminal automation systems used in the custody transfer and control of high-value fluids and gases; products include terminal automation hardware and software for the oil, gas and refined fuels markets. Based in Longwood, Florida. $55.0 million (purchase price).

On December 1, 2006, the Company acquired the stock of Toptech Systems, Inc. (“Toptech”), a leading provider of terminal automation systems used in the custody transfer and control of high-value fluids and gases.

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