About This Deal
IDEX Corporation acquired Qualtek Manufacturing, Inc. for $1.9 million (cash), a transaction completed in November 2020, structured as all cash.
Qualtek Manufacturing, Inc. operates in Fire & Safety/Diversified Products (BAND-IT), is based in Colorado Springs, Colorado, USA. Manufacturer of high quality specialty metal components and parts providing vertically integrated tool and die, metal stamping and metal finishing services. Headquartered in Colorado Springs, Colorado.
BAND-IT reporting unit within the FSDP segment
Deal Terms
Acquirer
IDEX Corporation
Target
Qualtek Manufacturing, Inc.
Value
$1.9 million (cash)
Date
November 2020
Type
Full acquisition
Status
Ready
Transaction Details
Target HQ
Colorado Springs, Colorado, USA
Segment
Fire & Safety/Diversified Products (BAND-IT)
Structure
All cash
Announced
November 23, 2020
Closed
November 23, 2020
In Their Words
On November 23, 2020, the Company acquired Qualtek Manufacturing, Inc. (“Qualtek”), a manufacturer of high quality specialty metal components and parts by providing vertically integrated tool and die, metal stamping and metal finishing services.
Advisors
Advisory firms were not disclosed for this transaction.
Related Deals & Entities
Sources:
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