IDEX Corporation acquires Hale Products, Inc.
Snapshot
IDEX Corporation acquired Hale Products, Inc. for approximately $90 million (includes refinancing of certain indebtedness) in May 1994. The transaction was structured as all cash (stock purchase). Hale Products, Inc. is a Conshohocken, Pennsylvania, USA-based Fire & Safety/Diversified Products business.
- Acquirer
- IDEX Corporation
- Target
- Hale Products, Inc.
- Value
- approximately $90 million (includes refinancing of certain indebtedness)
- Date
- May 1994
- Type
- full acquisition
- Status
- ready
The deal at a glance
About this deal
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
No advisory firms have been disclosed for this transaction.