IDEX Corp.

IDEX Corp.

IDEX Corp.

Overview
Date Founded

1987

Headquarters

1925 WEST FIELD COURT, SUITE 200, LAKE FOREST, IL, 600454824

Type of Company

Public

Employees (Worldwide)

7,439

Industries

Industrial Machinery & Manufacturing
Wholesale: Industrial Products & Manufacturing
Medical Support Services
Electrical Products
Power & Utilities

Company Description

IDEX is organized in four business segments to optimize our market strategies, better serve our customers and provide a solid foundation for both organic and acquisitive growth. Our portfolio: IDEX Fluid & Metering Technologies systems are used in a wide variety of severe duty and/or highly precise fluid-handling applications around the world. Customized solutions range from diesel engine lubrication to food and beverage processing to the movement, measurement and dispense of fossil fuels, ethanol and other high value liquids and gases. With some of the most recognized brand names in positive displacement pumps, flow meters, compressors and injectors, IDEX is a supplier of choice within the rapidly growing infrastructure markets including alternative energy, oil & gas, water and wastewater. Supporting rapid global growth in drug discovery, clinical diagnostics and medical technology advancements, our Health & Science employees design, produce and distribute small-scale, highly precise fluidics components and sub-assemblies used in analytical and diagnostics instruments, as well as a growing range of medical equipment and implantable devices. Within this segment, it’s all about enabling increasingly small and precise sample sizes, more accurate analysis and quicker results for technicians and patients alike. Some of the most familiar of our solutions can be found in our Dispensing segment, which specializes in point-of-use color formulation. Our paint dispensing solutions are found at major home improvement stores and independent retailers across the United States and Europe, enabling consumers to obtain a perfect color match every time. When seconds count, our Fire & Safety equipment matters most. Our highly engineered firefighting pumps and foam systems, as well as our Jaws of Life® extrication and recovery tools, are the preferred equipment of Fire & Safety professionals around the globe. Complementing the municipal fire and safety markets, our diversified products group engineers band clamping solutions found everywhere from corner traffic lights and signposts to subsea and marine applications

Contact Data
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Executives & Employees

Chief Executive Officer

President & Chief Operating Officer

Chief Financial Officer & Senior Vice President

Interim Chief Financial Officer

Secretary, Senior Vice President & General Counsel

Vice President, Chief Compliance Officer & Assistant General Counsel

Treasurer & Senior Vice President, Mergers & Acquisitions

Senior Vice President-Chief Human Resources Officer

Vice President-Tax & International Finance

Vice President, Human Resources

Board of Directors

President & Chief Executive Officer at Renewable Energy Group, Inc.

President & Chief Operating Officer at Cummins, Inc.

Former Director, President & Chief Executive Officer at Altra Industrial Motion Corp.

Former Vice Chairman & Chief Financial Officer at ServiceMaster Global Holdings, Inc.

President & Chief Executive Officer of Cartus Corporation at Realogy Holdings Corp.

Former Vice Chairman at Illinois Tool Works, Inc.

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Owners & Shareholders
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Atlanta Capital offers investment advisory services in a variety of equity, fixed income and mixed-asset strategies. In-depth fundamental analysis is the primary basis for their investment decision making process. Atlanta Capital invests principally in traditional equity (common stocks and equivalents) and debt securities. The firm seeks to achieve above-average long-term risk adjusted returns through emphasis on high quality equity or debt instruments they believe have unrecognized value or investment potential. For equities, high quality is generally measured by a company's demonstrated history of consistent growth and stability in earnings. For debt instruments, high quality typically relates to the probability of repayment (credit risk) and the predictability of when principal repayment will occur (stability of cash flow). Atlanta Capital operates with three distinct investment teams, Growth Equity, Core Equity and Fixed Income, each leveraging a central investment philosophy.

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IAM is an active, long-only manager which aims to provide long-term risk-adjusted returns. Their investments are based on a strong conviction that among other macro-economic trends, population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. IAM believe the transition to a more sustainable global economy provides a helpful backdrop to construct high conviction, low turnover equity portfolios that are well positioned to achieve long term capital growth. They offer a range of thematic and unconstrained global equity strategies as well as real asset funds focused on the growth opportunity arising from a sustainable economy. IAM seek to generate outperformance over the long term by investing in the most attractive stocks identified by a research intensive, bottom-up, and stock picking process. The bottom-up process is complemented by a top-down framework to ensure that research is focused on the most promising regions and sectors.

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Fenimore Asset Management (FAM) is a long-term value investor seeks to preserve their clients' assets and maximize total return on capital through investments that offer the potential for long-term growth. The firm looks for high-quality companies with very good growth potential that can be purchased at discount prices. FAM conducts extensive, independent research that includes creating detailed, 5-year models for each stock holding and analyzing balance sheets, cash flow statements and income statements. The firm's research team visits every company in which they invest at least annually and thoroughly analyzes the company, its industry and its competition. FAM's average stock holding period of 5 years or more helps to reduce capital gains. When selecting investments, FAM looks for companies: (1) with understandable businesses, competitive advantages and high profit margins (2) that have little or no debt and high free cash flow and that deploy capital wisely (3) with honest, superior management teams that have strong track records of increasing their companies' economic value and (4) that are trading at a discount to the firm's estimate of their true economic value. FAM invests only in companies that can be expected to achieve a 12% to 15% annualized return rate over 5 to 6 years. The firm discounts expected future cash flows to determine present value and applies a worst case value baseline of no growth and a discount of at least 10%. They also evaluate historical average multiples including: price/earnings, price/cash flow and price/sales.When investing in fixed income securities, FAM considers a number of factors such as price, coupon, yield-to-maturity, and duration. The credit rating from third party rating agencies is considered, however they rely on their fundamental analysis in determining their view of the quality of the issuer. In addition, FAM reviews the terms of the fixed income security, including such facets as subordination, default, sinking fund, and early redemption provisions. Fixed income instruments are reviewed on a continual basis to ensure that the underlying issuers are constantly capable of interest and principle repayment.

Recent Transactions
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IDEX Corp. purchases Velcora Holding AB from FSN Capital Partners AS

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Atlas Copco AB purchases Class 1, Inc. from IDEX Corp.

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IDEX Corp. purchases thinXXS Microtechnology AG from PRICAP Venture Partners AG

Insider Transactions
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Transaction Advisors
Accountant

Advised onIDEX Corp. purchases FAST SpA

Legal Advisor

Advised onIDEX Corp. purchases Velcora Holding AB from FSN Capital Partners AS

Legal Advisor

Advised onIDEX Corp. purchases CVI Laser LLC from Wells Fargo & Co., Norwest Equity Partners

Investment Advisor

Advised onIDEX Corp. purchases CiDRA Precision Services LLC

Legal Advisor

Advised onIDEX Corp. purchases Banjo Corp.

Legal Advisor

Advised onIDEX Corp. purchases Velcora Holding AB from FSN Capital Partners AS

Advisors & Consultants
Legal Advisor

Global Chair, Mergers & Acquisitions Practice at Latham & Watkins LLP

Legal Advisor

Chair, Industrials & Manufacturing Practice Group at Latham & Watkins LLP

Clients

TESSCO Technologies The convergence of wireless and the Internet is revolutionizing the way we live, work, and play. As today's wireless users expect instant access to information and connection, new systems and applications are creating challenges and opportunities at an unprecedented rate. TESSCO is there. TESSCO delivers the latest solutions, products, services and support to help you make wireless work-—today and tomorrow. For 30 years, we have been the vital link to the best of breed, end-to-end diverse value chain solutions that help you create and maintain the most effective results for your clients. TESSCO delivers

NanoString Technologies, Inc. engages in the development and commercialization of instrument and services for profiling of genes and proteins from tissue sample. It offers GeoMx Digital Spatial Profiler, nCounter Systems, analysis solutions, gene expression panels, Vantage 3D Assays, miRNA Assays, custom solutions, and Sample Prep and nCounter Consumables. The company was founded by Amber Ratcliffe, Krassen Dimitrov, and Dwayne Dunaway on June 20, 2003 and is headquartered in Seattle, WA.

NOW, Inc. is a holding company, which engages in the distribution of energy products for industrial applications. It operates through the following segments: United States, Canada, and International. The United States segment serves the upstream, midstream and downstream energy, and industrial markets. The Canada segment covers energy exploration, production, drilling, and midstream business. The International segment represents the energy exploration, production, and drilling business. The company was founded on November 22, 2013 and is headquartered in Houston, TX.

Key Stats and Financials As of 2019
Market Capitalization
$11.2B
Total Enterprise Value
$13.5B
Earnings Per Share
$5.57
Revenue
$2.49B
Net Profit
$426M
Total Equity
$2.26B
EBITDAMargin
27.2%
Enterprise Value EBITDAOperating
19.7x
TEVNet Income
31.61x
Debt TEV
0.07x
Enterprise Value Sales
5.39x
EBITDA
$679M
Total Debt
$934M
Five Year Compounded Annual Growth Rate Of Revenue
3.04%
Three Year Compounded Annual Growth Rate Of Revenue
5.69%
Non-Profit Donations & Grants
Investors
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Co-Founder at Motability

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Life Peer at United Kingdom House of Lords

Suppliers
Stratec SE Industrial Machinery & Manufacturing | Birkenfeld, Germany

STRATEC SE engages in the design and manufacture of automated analyzer systems in the fields of clinical diagnostic and biotechnology. It operates through the following segments: Instrumentation, Diatron, Smart Consumables, and Other Activities. The Instrumentation segment consults, designs, develops and produces fully automated solutions for its partners in the fields of diagnostics including blood banking. The Diatron segment comprises the business with systems, system components, consumables and tests in the low throughput hematology and clinical chemistry segment. The Smart Consumables segment includes the business with developing and manufacturing smart consumables in the fields of diagnostics, life sciences, and medical technology. The Other Activities segment covers the development of work flow software for networking several analyzer systems and the development and sale of scientific materials and technologies. The company was founded by Hermann Leistner in 1979 and is headquartered in Birkenfeld, Germany.

Precise Biometrics AB Computer Hardware | Lund, Sweden

Precise Biometrics AB engages in the development and provision of smart card and fingerprint readers for computers and mobile devices. It operates through the Mobile Smart Card Readers and Fingerprint Technology business areas. The Mobile Smart Card Readers provides card readers for smartphones and tablets which enables convenient and secure mobility. The Fingerprint Technology segment develops and sells fingerprint software for secure authentication of people's identity mobile phones, smart cards and other products with small fingerprint sensors. Precise Biometrics was founded by Lars Christer Fedrik Fåhraeus, Mårten Öbrink, and Nils Bernhard on July 1, 1997 and is headquartered in Lund, Sweden.

Suzhou Shijia Science & Technology, Inc. Building Products & Construction Materials | Suzhou, Chn

Suzhou Shijia Science & Technology, Inc. engages in the establishment of a complete industrial chain involving sheet metal processing, die casting, machining, and other processes for metal processing. It business covers precision cabinet system and mobile communication device. The precision cabinet system main products include elevator car system and professional equipment cabinet system. The mobile communication equipment business is engaged in research and development, production, and sales of radio frequency (RF) devices and antenna products. The company was founded on April 20, 1990 and is headquartered in Suzhou, China.

Competitors
Thermo Fisher Scientific, Inc. Industrial Machinery & Manufacturing - Waltham, Massachusetts

Thermo Fisher Scientific, Inc. engages in the provision of analytical instruments, equipment, reagents and consumables, software and services for research, analysis, discovery, and diagnostics. It operates through the following segments: Life Sciences Solutions, Analytical Instruments, Specialty Diagnostics, and Laboratory Products and Services. The Life Sciences Solutions segment comprises of portfolio of reagents, instruments, and consumables used in biological and medical research, discovery and production of new drugs, and vaccines as well as diagnosis of disease. The Analytical Instruments segment offers instruments, consumables, software, and services that are used for a range of applications in the laboratory, on the production line, and in the field. The Specialty Diagnostics segment gives diagnostic test kits, reagents, culture media, instruments, and associated products used to increase the speed and accuracy of diagnoses. The Laboratory Products and Services segment involves in providing everything needed for the laboratory, including a combination of self-manufactured and sourced products for customers in research, academic, government, industrial, and healthcare settings. The company was founded on October 11, 1960 and is headquartered in Waltham, MA.

Parker-Hannifin Corporation Metal Manufacturing & Products - Cleveland, OH

Parker-Hannifin Corp. engages in the manufacture of motion and control technologies and systems. The firm also provides engineered solutions for mobile, industrial, and aerospace markets. It operates through the following segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers products to original equipment manufacturers. The Aerospace Systems segment supplies aftermarket services, commercial transports, engines, helicopters, military aircraft, missiles, and unmanned aerial vehicles. The company was founded by Arthur L. Parker in 1918 and is headquartered in Cleveland, OH.

Dover Corp. Oil & Gas - Downers Grove, IL

Dover Corporation is a diversified global manufacturer with annual revenues of over $8 billion. For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company’s entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover’s well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, Illinois, Dover employs 35,000 people worldwide. Dover Corporation is traded on the New York Stock Exchange under “DOV.”

Awards & Honors
Rank #964
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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