On the Record · SPX Flow
SPX Flow acquisitions, on the record
The businesses SPX Flow bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Disposal Group (former Power and Energy reportable segment, excluding the Bran+Luebbe product line), sold to an affiliate of Apollo Global Management, LLCWord for word“This narrowing of the divestiture process culminated in the Company, on November 24, 2019, entering into a Purchase and Sale Agreement (the “Sale Agreement”) with an affiliate of Apollo Global Management, LLC (the “Buyer”), pursuant to which the Company has agreed, indirectly through certain of its subsidiaries, to sell the businesses reflected as discontinued operations in the accompanying consolidated financial statements to the Buyer for a gross purchase price of $ 475.0 (the “Transaction”).” 10-K for 2019 | agreed divestiture | November 24, 2019 | 475.0 |
Disposal Group (former Power and Energy businesses, excluding Bran+Luebbe)Word for word“On March 30, 2020, we completed the sale of substantially all Disposal Group businesses and received proceeds from the Buyer of $406.2, based on an estimate of certain adjustments to the gross purchase price as of the closing date and as discussed further above and, to a lesser extent, certain fees.” 10-K for 2020 | divestiture | On March 30, 2020 | $406.2 |
remaining net assets of the Disposal Group, based in IndiaWord for word“During the fourth quarter of 2020 and upon receiving relevant regulatory approvals, we completed the sale of the remaining net assets of the Disposal Group, based in India, to the Buyer for total proceeds of $6.3.” 10-K for 2020 | divestiture | During the fourth quarter of 2020 | $6.3 |
a business based in the Asia Pacific region, within the Industrial reportable segmentWord for word“Proceeds from sale of business, net of cash disposed 4.7 — — Capital expenditures ( 22.4 ) ( 28.5 ) ( 19.2 ) Business acquisition, net of cash acquired ( 10.0 ) — — Net cash used in continuing operations ( 21.9 ) ( 23.5 ) ( 19.2 ) Net cash from (used in) discontinued operations” 10-K for 2020 | divestiture | — | — |
Plc Uutechnic Group Oyj ("UTG Mixing Group")Word for word“On January 18, 2021, the Company completed the purchase of approximately 98% of the issued and outstanding shares of Plc Uutechnic Group Oyj ("UTG Mixing Group"), a public company, listed on the Nasdaq Helsinki, for approximately $41.0.” 10-K for 2020 | agreed acquisition | On January 18, 2021 | approximately $41.0 |
POSI LOCK, Inc ("POSI LOCK")Word for word“On August 1, 2020, we completed the acquisition of POSI LOCK, Inc ("POSI LOCK"), a manufacturer of hydraulic and mechanical pullers used to remove certain parts from equipment in a variety of industries ranging from power transmission and light to heavy industrial applications.” 10-K for 2020 | acquisition | On August 1, 2020 | — |
POSI LOCK, Inc.Word for word“During the third quarter of 2020, we completed the acquisition of POSI LOCK, Inc. ("POSI LOCK"), a manufacturer of hydraulic and mechanical pullers used to remove certain parts from equipment in a variety of industries ranging from power transmission and light to heavy industrial applications, for a cash purchase price of $10.0.” 10-K for 2021 | acquisition | third quarter of 2020 | $10.0 |
Philadelphia Mixing Solutions, Ltd.Word for word“During the second quarter of 2021, we completed the acquisition of Philadelphia Mixing Solutions, Ltd. ("Philadelphia Mixing"), a manufacturer of in-tank mixing solutions and provider of various technical services and field support, for a cash purchase price of $64.3.” 10-K for 2021 | acquisition | second quarter of 2021 | $64.3 |
Disposal Group (substantially all businesses of former Power and Energy segment)Word for word“On March 30, 2020, we completed the sale of substantially all Disposal Group businesses and received proceeds from the Buyer of $406.2, based on an estimate of certain adjustments to the gross purchase price as of the closing date and as discussed further above and, to a lesser extent, certain fees.” 10-K for 2021 | divestiture | March 30, 2020 | $406.2 |
primary assets of a product line in the Precision Solutions segmentWord for word“On July 30, 2021, we completed the sale of the primary assets of a product line to a third-party buyer for cash proceeds of $8.0.” 10-K for 2021 | divestiture | July 30, 2021 | $8.0 |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2018-12-31 | $0 | — | — |
| 2019-12-31 | $0 | — | — |
| 2020-12-31 | $10 million | $408.4 million | $400,000 |
| 2021-12-31 | $102.3 million | — | $46.3 million |
Deal filings since 2016
- 2022-04-05 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-12-15 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-08-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-03 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2019-11-25 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2019-07-01 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-12-16 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-08-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-07-12 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from SPX Flow’s annual reports (10-K for 2021, 10-K for 2020, 10-K for 2019) and the financial data it files with the SEC, as of 2022-02-16. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.