IDEX Corporation acquired Classic Engineering, Inc. for $3.7 million, structured as All-cash, financed by borrowings under the Credit Facility.
Classic Engineering, Inc. operates in Pump Products Group (Pulsafeeder business unit), is based in Jacksonville, Florida. In September 2003 IDEX acquired Classic Engineering, Inc., headquartered in Jacksonville, Florida, a supplier of fully integrated pump and metering systems to chemical companies and municipal water-treatment facilities that also designs, engineers and manufactures standard and custom chemical-feed systems for the water, wastewater, chemical OEM, pulp and paper, cement and general industrial markets. Classic was operated as part of Pulsafeeder.
Added integrated pump-and-metering and chemical-feed systems capability to the Pulsafeeder water and wastewater platform.
IDEX acquired Sponsler and Classic for a purchase price of $10,251 and $3,703, respectively, with financing provided by borrowings under the Credit Facility.IDEX Corporation, 2004 Form 10-K (Exhibit 13, Note 11. Acquisitions)
Advisory firms were not disclosed for this transaction.