IDEX Corporation acquired Hale Products, Inc. for approximately $90 million (includes refinancing of certain indebtedness), a transaction completed in May 1994, structured as all cash (stock purchase).
Hale Products, Inc. operates in Fire & Safety/Diversified Products, is based in Conshohocken, Pennsylvania, USA. 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.
Hale business unit
Advisory firms were not disclosed for this transaction.