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
Deal Terms
Acquirer
IDEX Corporation
Target
Hale Products, Inc.
Value
Approximately $90 million (includes refinancing of certain indebtedness)
Date
May 1994
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Conshohocken, Pennsylvania, USA
Segment
Fire & Safety/Diversified Products
Structure
All cash (stock purchase)
Announced
May 26, 1994
Closed
May 26, 1994
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
Press release ↗
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