M&A Acquirer Playbook

IDEX Corporation acquisition history.

Every deal, price, and strategic rationale.

Company IDEX Corporation
SEC CIK 0000832101
Tracked filings EDGAR · 8-K
Total deals tracked
56
Disclosed 8-K acquisitions, 1994 — present.
Aggregate disclosed value
$4B
Over $4 billion deployed across disclosed transactions — anchored by Mott (~$982M), CVI Melles Griot (~$400M), SFC Koenig ($241M), Akron Brass ($224M), STC Material Solutions ($200M).
Active acquisition years
2006 · 2008
up to 5 deals in a single year (2008 optics/water cluster).
Primary sectors
Niche fluidics, pumps, optics/photonics and scientific instrumentation
across the Fluid & Metering Technologies, Health & Science Technologies, and Fire & Safety/Diversified Products segments. Targets: CVI Melles Griot, Mott, Akron Brass, SFC Koenig, Banjo, ADS, Semrock.
Verified 56 deals on this page · sourced from SEC filings
All cross-references covered.

56 deals, $4B deployed.

Plotted by close date where disclosed, otherwise announcement. Click any marker to jump to the deal entry.

1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 2026 $982.0M Sep 2024 Mott Corporation $224.2M Mar 2016 Akron Brass (Akron Bras… $400M Jun 2011 CVI Melles Griot (CVI) $160M Jan 2008 ADS, LLC (formerly Nova… $184.5M Oct 2006 Banjo Corporation Systec · Apr 2004 Scivex, Inc. (Upchurch… · May 2004 Gast Manufacturing Corp… · Jan 1998 $90M May 1994 Hale Products $80.4M Jul 2025 Micro-LAM $109.8M May 2023 Iridian Spectral Techno… $200.4M Dec 2023 STC Material Solutions $112.5M Feb 2022 Nexsight, LLC (Envirosi… $120.1M May 2022 KZ CO. (KZValve) Muon Group (Muon B.V.) · Nov 2022 $106.3M Mar 2021 ABEL (ABEL Pumps, L.P.) Airtech (Airtech Group… · Jun 2021 $121.2M Feb 2020 Flow Management Devices… $1.9M Nov 2020 Qualtek Manufacturing Velcora Holding AB (Rop… · Jul 2019 $23.6M Jul 2018 Finger Lakes Instrument… $4.0M Jun 2018 Phantom Controls (intel… $38.2M Dec 2017 thinXXS Microtechnology… $47.5M Jul 2016 AWG Fittings GmbH $241.1M Aug 2016 SFC Koenig AG $61.1M May 2015 Novotema SpA $112.6M Jun 2015 Alfa Valvole S.r.l $24.2M Jul 2015 CiDRA Precision Service… $25M Apr 2014 Aegis Flow Technologies $22.5M Mar 2013 FTL Seals Technology, L… $20.6M Apr 2012 Precision Photonics Cor… ERC · Apr 2012 Matcon · Jul 2012 $32.0M Jan 2011 Advanced Thin Films, LL… Microfluidics · Mar 2011 Precision Polymer Engin… · Apr 2010 $15.4M Jul 2010 OBL S.r.l. $4.3M Sep 2010 Periflo $20.3M Nov 2010 Fitzpatrick Richter · Oct 2008 $44.5M Oct 2008 iPEK IETG · Oct 2008 Semrock · Oct 2008 $3.3M Nov 2008 Innovadyne $25.9M Feb 2007 Faure Herman SA Quadro Engineering · Jun 2007 Isolation Technologies · Oct 2007 $12.6M Jan 2006 Airshore International $22.4M Feb 2006 JUN-AIR International A… $92.4M May 2006 Eastern Plastics $55.0M Dec 2006 Toptech Systems Manfred Vetter GmbH · Jan 2004 Class 1 · Jan 2001 Ismatec SA · Apr 2000 Trebor International · May 2000 FAST (Fast & Fluid Mana… · Jan 1999

The rationale that repeats.

Three patterns show up across IDEX's deal book — what the team buys, how it pays, and how it integrates. The patterns are the throughline; the individual deals below are the evidence.

01
Acquisition criteria

Platform-then-tuck-in compounding.

IDEX repeatedly buys a sizable platform and then bolts smaller businesses onto it over many years. Hale Products (1994) anchored fire & rescue, later joined by Class 1, Akron Brass and AWG Fittings; ADS (2008) anchored water monitoring, later joined by iPEK, IETG and Nexsight; CVI Melles Griot (2011) anchored optics & photonics, later joined by Semrock, Advanced Thin Films, Precision Photonics and Iridian.

Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation
02
Capital deployment

All-cash, niche, engineered-products focus.

Nearly every IDEX deal is funded with cash on hand or revolver borrowings and targets a market-leading maker of highly engineered components — pumps, valves, seals, flow meters and optical filters — rather than broad platforms. Management describes targets as a 'leader' or 'global leader' in a defensible niche, paying for proprietary technology and pricing power across fluidics, metering and scientific instrumentation.

Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation
03
Integration approach

Migration up the value chain toward science and semiconductors.

Early IDEX deals centered on industrial pumps and dispensing; the recent cadence (STC Material Solutions, Iridian, Muon Group, Mott, Micro-LAM) concentrates on materials science, optics and micro-precision components for semiconductor, life-science and space/defense markets. The Mott acquisition — IDEX's largest ever at roughly $982 million — explicitly targets semiconductor wafer fab equipment, energy transition and medical technologies.

Mott CorporationAkron Brass (Akron Brass Holding Corporation)CVI Melles Griot (CVI)ADS, LLC (formerly Nova Technologies Corporation)Banjo Corporation

The full deal book.

56 acquisitions. Click any row to see the deal value, financing structure, target revenue, executive commentary, and the original SEC filing — the evidence behind the patterns above.

End of deal book
56 acquisitions · $4B deployed ·1994 — present
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