Home  >> Transactions>> Red Valve has been sold to Hillenbrand

Red Valve has been sold to Hillenbrand

Hillenbrand, Inc. (NYSE: HI) has acquired Red Valve Company, Inc. for $131.9 million in cash, including $3.3 million for related real estate.

Based in Carnegie, Pa., Red Valve is a global leader in highly-engineered valves designed to operate in the harshest municipal and industrial wastewater environments. Its products support mission critical applications in water, power and mining and other general industrial markets. At the completion of the transaction, Red Valve will join Hillenbrand’s Process Equipment Group, which includes ABEL, a globally-recognized leader in positive displacement pumps.

During the trailing 12-month period ending on Nov. 30, 2015, Red Valve’s revenue was approximately $38.6 million, and its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) was nearly $12.1 million, excluding $1.9 million in non-recurring expenses.

EC Mergers & Acquisitions acted as exclusive advisor to Red Valve on this transaction.

Others

Dickson Data has been sold to May River Capital      Learn More >>
SPX has acquired Schonstedt Instrument Company      Learn More >>
Quantachrome Instruments has been sold to Anton Paar      Learn More >>
PIP Global has partnered with Audax Private Equity      Learn More >>
Harvard Bioscience has acquired Data Sciences International      Learn More >>
Horizon Technology has been sold to Biotage      Learn More >>
Norsk Elektro Optikk has sold NEO Monitors to Nederman      Learn More >>
AppliTek has been acquired by Hach / Danaher      Learn More >>
4titude is sold to Brooks Automation      Learn More >>
FFL Partners has acquired Bacharach      Learn More >>
Aliaxis has sold SED to Samson      Learn More >>
Spectris has sold Microscan to Omron      Learn More >>