IDEX Corporation acquired Toptech Systems, Inc. for $55.0 million (purchase price), a transaction completed in December 2006, structured as all cash (debt-financed).
Toptech Systems, Inc. operates in Fluid & Metering Technologies (Energy), is based in Longwood, Florida, USA, had revenue of about approximately $22 million annual revenue. 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.
Fluid & Metering Technologies segment
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.
Advisory firms were not disclosed for this transaction.