IDEX Corporation acquires Flow Management Devices, LLC (Flow MD)

IDEX Corporation acquired Flow Management Devices, LLC (Flow MD) for $121.2 million (cash), a transaction completed in February 2020, structured as all cash (membership interests).

Flow Management Devices, LLC (Flow MD) operates in Fluid & Metering Technologies (Energy), is based in Phoenix, Arizona, USA. Privately held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry; engineers and manufactures small volume provers. Headquartered in Phoenix, Arizona, with operations in Houston, Texas and Pittsburgh, Pennsylvania.

Energy reporting unit within the FMT segment

On February 28, 2020, the Company acquired the membership interests of Flow Management Devices, LLC (“Flow MD”), a privately held provider of flow measurement systems that ensure custody transfer accuracy in the oil and gas industry.

Advisory firms were not disclosed for this transaction.

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