Industry Update: Industrial Machinery

Industry Highlights

  • On June 14, 2021, IDEX Corporation completed its previously announced acquisition of Airtech Group, Inc., US Valve Corporation and related entities from investment funds managed by EagleTree Capital. Airtech designs and manufactures a wide range of highly-engineered pressure technology products, including vacuum pumps, regenerative blowers, compressor systems and valves.
  • On May 19, 2021, Pentair plc, a leading provider of water treatment and sustainable solutions, announced that it completed the previously announced transaction to acquire the assets of Ken’s Beverage, Inc. (KBI), for approximately $80 million in cash. KBI has provided beverage equipment and services to commercial customers for 35 years.

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