IDEX Corporation acquired Airshore International for $12.6 million (cash), a transaction completed in January 2006, structured as all cash (asset acquisition). The deal was a Asset purchase.
Airshore International operates in Fire & Safety/Diversified Products, is based in British Columbia, Canada, had revenue of about approximately $5 million annual revenue. 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.
Hale / Fire & Safety/Diversified Products segment
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.
Advisory firms were not disclosed for this transaction.