IDEX Corp. announced that it has completed its acquisition of Akron Brass from Premier Farnell plc. Akron Brass provides a range of engineered life-safety products for the safety and emergency response markets. The enterprise value of the all-cash transaction is $224.2 million, representing a 1.9x CY15 revenue multiple and 8.8x CY15 EBITDA multiple. Lazard & Co. and Barclays Bank advised Premier Farnell on the transaction.
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