CVI MG
10-K - Feb 24, 2012
On June 10, 2011, the Company completed the acquisition of CVI MG. CVI MG is a global leader in the design and manufacture of precision photonic solutions used in the life sciences, research, semic...
SE‑ClusterEnvironmental Services
Tear SheetSource: SEC EDGAR
Idex Corp.
IEXActiveCIK 832101 · Diversified Industrial Compounders
N/A
Market data as of N/A
Financials: LTM / latest available company filings
Sources: FMP, IEX filings, SEC EDGAR
$16,055
Market cap ($MM)
$17,341
Enterprise value ($MM)
$3,530
Revenue · LTM ($MM)
$939
EBITDA · LTM ($MM)
27%
EBITDA margin
4.9x
EV / revenue
18.5x
EV / EBITDA
1.4x
Net debt / EBITDA
Coverage
Coverage view
The analytical read on the name and the balance-sheet capacity behind the program.
Key points
- 01IEX is a scaled public consolidator in Industrial Compounders, a benchmark for how the sub-sector buys, pays, and trades.
- 02The relevant peer set is ROP, DHR, HEI, EMR, TDG, AME.
Balance sheet & capacity
Indicative capacity read: 1.4x net debt / EBITDA with EBITDA of $939MM.
$586
Cash & equiv. ($MM)
$1,881
Total debt ($MM)
$1,295
Net debt ($MM)
1.4x
Net debt / EBITDA
Valuation
Where it trades against its peer set
IEX versus the scaled public Diversified Industrial Compounders comparables.
Indexed share-price performance
IEX versus available Diversified Industrial Compounders peers and SPY.
-5.2%
IEX
N/A
Peer med.
+79%
SPY
Indexed to 100 from May 28, 2021 through May 26, 2026. Source: FMP month-end close history.
| Company | Ticker | Revenue ($MM) | EBITDA ($MM) | Margin | Market cap ($MM) | EV ($MM) | EV / rev | EV / EBITDA | Net debt / EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| Idex Corp. | IEX | $3,530 | $939 | 27% | $16,055 | $17,341 | 4.9x | 18.5x | 1.4x |
Financials via Financial Modeling Prep (SEC-derived TTM). EV/EBITDA distribution: each dot a live peer, band = interquartile range, line = median. Impossible values (EBITDA > revenue, negative-EBITDA multiples) shown NM.
M&A program
A sustained, programmatic tuck-in cadence
IEX's disclosed acquisition footprint and the deals behind it.
Disclosed acquisitions
113
Active years
19
Named deals
3
Avg / active year
5.9
Acq. cash outflow ($MM)
N/A
Banker read
- 01IEX reads as a programmatic acquirer: 113 disclosed acquisitions across 19 active years, or 5.9 per active year. The chart shows activity in 12 of the last 12 visible years.
- 02In the last three years, the file shows 4 acquisitions versus 7 in the prior three; recent activity has cooled versus the prior three-year period.
- 03Spend changes the read: $5.4B of disclosed spend is concentrated in lumpy years, with FY24 the largest year at $986MM. Recent spend is below the prior three-year period.
Annual acquisitions + disclosed spend
count spend named deal
IEX count bars show acquisition cadence; the spend line shows when the program required larger capital deployment.
Program diagnostics
Recent / prior
4 / 7
Last three years is down 43% vs prior three.
Peak count year
FY15
4 disclosed acquisitions in the peak visible year.
Recent spend
$1.4B
is down 16% vs prior three; peak FY24 at $986MM.
Named evidence
3 rows
2.7% selected source-cited transaction coverage.
Selected transactions
| Date | Target | Segment | Consideration ($MM) | Strategic rationale | Source |
|---|---|---|---|---|---|
| Jun 10, 2011 | CVI MG | Diversified industrial compounders | $395 | On June 10, 2011, the Company completed the acquisition of CVI MG. CVI MG is a global leader in the design and manufacture of precision photonic solutions used in the life scien... | 10-K† |
| Aug 31, 2016 | SFC Koenig AG | Diversified industrial compounders | $241 | On August 31, 2016, the Company acquired the stock of SFC Koenig AG (“SFC Koenig”), a producer of highly engineered expanders and check valves for critical applications across t... | 10-K† |
| Mar 16, 2016 | Akron Brass Holding Corporation | Diversified industrial compounders | $221 | On March 16, 2016, the Company acquired the stock of Akron Brass Holding Corporation (“Akron Brass”), a producer of a large array of engineered life–safety products for the safe... | 10-K† |
Acquisitions disclosed/extracted from SEC filings; not necessarily full M&A history. Disclosed acquisition cash outflow is cumulative "payments for acquisitions, net of cash acquired" from the 10-K cash-flow statements (a cash outflow, not deal value). Built on 6 SEC-backed facts across 2 cited filings.
Evidence
Source archive
A collapsed investigation trail for the SEC filings behind the financials, annual M&A cadence, named transactions, and management language.
Annual 10-Ks
21
Named deal filings
2
Recent SEC filings
0
Evidence clips
3
Annual 10-K M&A evidenceAccepted annual filings used for disclosed acquisition count and spend.21 rows+-
| Fiscal year | Filing date | Form | Status | Count | Cash spend | Purchase consideration | Source |
|---|---|---|---|---|---|---|---|
| FY2025 | Feb 19, 2026 | Annual M&A 10-K | accepted | 1 | $80.4MM | $81.6MM | SEC filing |
| FY2024 | Feb 20, 2025 | Annual M&A 10-K | accepted | 1 | $986MM | $986MM | SEC filing |
| FY2023 | Feb 22, 2024 | Annual M&A 10-K | accepted | 2 | $312MM | $312MM | SEC filing |
| FY2022 | Feb 23, 2023 | Annual M&A 10-K | accepted | 3 | $946MM | $946MM | SEC filing |
| FY2021 | Feb 24, 2022 | Annual M&A 10-K | quarantined (1 issue) | 2 | $577MM | $577MM | SEC filing |
| FY2020 | Feb 25, 2021 | Annual M&A 10-K | accepted | 2 | $123MM | $123MM | SEC filing |
| FY2019 | Feb 21, 2020 | Annual M&A 10-K | accepted | 1 | $87.2MM | $138MM | SEC filing |
| FY2018 | Feb 28, 2019 | Annual M&A 10-K | accepted | 1 | $20.2MM | $23.6MM | SEC filing |
| FY2017 | Feb 22, 2018 | Annual M&A 10-K | accepted | 1 | $38.2MM | $39.4MM | SEC filing |
| FY2016 | Feb 23, 2017 | Annual M&A 10-K | accepted | 3 | $510MM | $510MM | SEC filing |
| FY2015 | Feb 19, 2016 | Annual M&A 10-K | accepted | 4 | $195MM | $200MM | SEC filing |
| FY2014 | Feb 23, 2015 | Annual M&A 10-K | accepted | 1 | $25.4MM | $25.4MM | SEC filing |
| FY2013 | Feb 13, 2014 | Annual M&A 10-K | accepted | 1 | $2.3B | $2.3B | SEC filing |
| FY2012 | Feb 21, 2013 | Annual M&A 10-K | quarantined (1 issue) | 3 | $68.9MM | $84.4MM | SEC filing |
| FY2011 | Feb 24, 2012 | Annual M&A 10-K | quarantined (1 issue) | 3 | $444MM | $446MM | SEC filing |
| FY2010 | Feb 25, 2011 | Annual M&A 10-K | accepted | 4 | $91.3MM | $122MM | SEC filing |
| FY2009 | Mar 1, 2010 | Annual M&A 10-K | accepted | 5 | N/A | N/A | SEC filing |
| FY2008 | Mar 2, 2009 | Annual M&A 10-K | accepted | 6 | $393MM | $405MM | SEC filing |
| FY2007 | Feb 29, 2008 | Annual M&A 10-K | accepted | 3 | $86.2MM | $87.8MM | SEC filing |
| FY2006 | Mar 1, 2007 | Annual M&A 10-K | quarantined (1 issue) | 5 | $360MM | $367MM | SEC filing |
| FY2005 | Mar 6, 2006 | Annual M&A 10-K | accepted | N/A | N/A | N/A | SEC filing |
Named transaction source filingsFilings behind selected named-deal rows and transaction excerpts.2 rows+-
| Filing date | Form | Targets / topics | Support | Source |
|---|---|---|---|---|
| Feb 23, 2017 | 10-K | SFC Koenig AG; Akron Brass Holding Corporation | Annual M&ANamed deals | SEC filing |
| Feb 24, 2012 | 10-K | CVI MG | Annual M&ANamed deals | SEC filing |
Recent SEC filingsThe latest profile filings, kept separate so someone can investigate beyond M&A.0 rows+-
No filing source clears this category.
Evidence clipsShort excerpts used on the page; expand only when you want the language.3 rows+-
Medium
SFC Koenig AG
10-K - Feb 23, 2017
On August 31, 2016, the Company acquired the stock of SFC Koenig AG (“SFC Koenig”), a producer of highly engineered expanders and check valves for critical applications across the transportation, h...
Akron Brass Holding Corporation
10-K - Feb 23, 2017
On March 16, 2016, the Company acquired the stock of Akron Brass Holding Corporation (“Akron Brass”), a producer of a large array of engineered life–safety products for the safety and emergency res...
Annual M&A counts and disclosed spend are extracted from SEC acquisition disclosures and cash-flow statements; named-deal rows carry direct filing links where the filing identifies the target or consideration.