IDEX’s $120 Million Acquisition of Nexsight

Reed Smith represented Nexsight in the transaction.

As part of the definitive agreement, IDEX will acquire Nexsight’s market-leading businesses, including Envirosight, WinCan, MyTana, and Pipeline Renewal Technologies, for cash consideration of $120 million, subject to customary post-closing adjustments.

The acquisition will complement and bolster existing IDEX business units iPEK and ADS, which design and create sewer crawlers, inspection and monitoring systems, and software applications that allow teams to identify, anticipate and correct wastewater system issues remotely.

The deal is expected to close in the first quarter of 2022.

The Reed Smith cross-office team was led by partners Gerard S. DiFiore (Picture) and Julia Boyd and associates Terrence Fairfield, Emerson Bianchi, and Luke Meyerson. Dedicated teams handling tax, labor and employment, benefits, intellectual property, real estate, antitrust, and data privacy issues include more than 20 Reed Smith attorneys: partners Angelo Ciavarella, Mark Goldstein, Allison Sizemore, Peter Emmi, Jonathan Stark, Etienne Richthammer, Lawrence Radley, William Sheridan, Jennifer Smokelin, and Marjorie Holmes; counsel Catherine Castaldo and Michaela Westrup; and associates Ari Byk, Alexandra Manfredi, Katarzyna Goebel, Eric Abbott, Brooke Weese, Ella Ovenden, Gregory Vose, Christine Gartland, Randa Lewis, Maria Otterman, Vaibhav Adlakha, and Olga Kacprzak.

Involved fees earner: Vaibhav Adlakha – Reed Smith; Emerson Bianchi – Reed Smith; Julia Boyd – Reed Smith; Ari Byk – Reed Smith; Catherine Castaldo – Reed Smith; Angelo Ciavarella – Reed Smith; Gerard DiFiore – Reed Smith; Peter Emmi – Reed Smith; Terrence Fairfield – Reed Smith; Christine Gartland – Reed Smith; Mark Goldstein – Reed Smith; Marjorie Holmes – Reed Smith; Randa Lewis – Reed Smith; Alexandra Manfredi – Reed Smith; Maria Ottermann – Reed Smith; Ella Ovenden – Reed Smith; Lawrence Radley – Reed Smith; Etienne Richthammer – Reed Smith; William Sheridan – Reed Smith; Allison Sizemore – Reed Smith; Jennifer Smokelin – Reed Smith; Jonathan Stark – Reed Smith; Gregory Vose – Reed Smith; Brooke Weese – Reed Smith; Michaela Westrup – Reed Smith;

Law Firms: Reed Smith;

Clients: Nexsight;