Houlihan Lokey Advises Airtech Group

Houlihan Lokey is pleased to announce that Airtech Group Inc., U.S. Valve Corp., and related entities (Airtech), owned by investment funds managed by EagleTree Capital (EagleTree), has been acquired by IDEX Corp. (NYSE:IEX).

Airtech designs and manufactures a wide range of highly engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems, and valves. The company provides customized solutions across diversified end markets such as alternative energy, food processing, medical, packaging, and transportation. Airtech serves clients globally, with operations in the United States, Europe, and Asia.

EagleTree Capital is a leading New York-based middle-market private equity firm that has invested approximately $2.7 billion of equity capital since inception. The firm has completed over 35 private equity investments and more than 70 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial.

Founded in 1988 with three small, entrepreneurial manufacturing companies, IDEX today has a portfolio of 40 diverse businesses around the world that are part of the IDEX family. With 7,000 employees and manufacturing operations in more than 20 countries, IDEX is a high-performing, global company with over $2.5 billion in revenue committed to making trusted solutions that improve lives. IDEX shares are traded on the New York Stock Exchange under the symbol “IEX.”

Houlihan Lokey served as the exclusive financial advisor to Airtech and EagleTree and assisted in initiating, structuring, and negotiating the transaction on their behalf. This deal highlights Houlihan Lokey’s deep knowledge of the industrial technology sector and represents the firm’s access to strategic acquirers.