IDEX Corporation’s $125 Million Acquisition of Flow Management Devices, LLC

Locke Lord LLP represented Flow Management Devices, LLC (Flow MD), in connection with Flow MD entering into a definitive agreement to be acquired by IDEX Corporation (NYSE: IEX).

IDEX Corporation announced it has entered into a definitive agreement to acquire 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, will be purchased for approximately $125 million, before closing adjustments. Flow MD will join IDEX’s energy group, complementing the pump and metering systems produced by fellow IDEX companies SAMPI, Toptech Systems, Liquid Controls and Corken.

The transaction is expected to close in the first quarter of 2020.

The Locke Lord team was led by Joe Perillo (Picture) and included Steve Boyd, Jerry Higdon, Ed Razim, Buddy Sanders, Stuart Lawson, Jennie Simmons, Van Jolas, and Jaremi Chilton.

Involved fees earner: Steven Boyd – Locke Lord; Jaremi Chilton – Locke Lord; Gerald Higdon – Locke Lord; Van Jolas – Locke Lord; Stuart Lawson – Locke Lord; Joe Perillo – Locke Lord; Edward Razim III – Locke Lord; Buddy Sanders – Locke Lord; Jenelle Simmons – Locke Lord;

Law Firms: Locke Lord;

Clients: Flow Management Devices, LLC;

Author: Ambrogio Visconti