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09/2024

MOTT CORPORATION acquired by IDEX CORPORATION

UNITED STATES Industrial Equipment / Components EV 1b - 4b USD

Context

IDEX Corporation has successfully completed the acquisition of 100% of Mott Corporation, integrating the entity into its Health & Science Technologies segment. This strategic transaction significantly scales the group's material science suite, providing a massive expansion into the high-value semiconductor and energy transition end markets. The strategic rationale centers on the convergence of the target's sintered porous media expertise with the group's existing precision fluidics and optical capabilities. By incorporating this technical platform, the group bolsters its ability to deliver customized, micro-precision solutions required for customer product performance in harsh environments. The partnership is designed to leverage the group's multidisciplinary technical depth to serve a broader global customer base in medical technology and aerospace. Furthermore, the integration allows for the implementation of the group’s standardized operating model to enhance long-term value creation. This move reinforces the group's standing as a primary enabler of digital and industrial evolution across the most demanding technology verticals.

The acquisition of Mott Corporation is part of the growth strategy of Idex Corporation, which already has several external growth operations under its belt, notably Muon Group in 2022.

MOTT CORPORATION, which reported an EBITDA margin of LOGIN in 2023, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Mott Corporation is a specialized industrial technology organization dedicated to the design and manufacturing of sintered porous material structures and high-precision flow control solutions. The entity’s business model is centered on deep applied material science knowledge, providing customized micro-precision components that are essential for filtration and fluid management in extreme environments. Its value proposition lies in its ability to innovate alongside global Original Equipment Manufacturers (OEMs) to solve complex engineering challenges where standard components fail. Strategically, the firm prioritizes mission-critical applications across high-barrier sectors such as semiconductor wafer fabrication, medical diagnostics, and space exploration. By leveraging proprietary sintering processes and advanced material engineering, the organization facilitates the deployment of cutting-edge technologies in energy transition and water purification. The organization operates as a critical technical partner for entities requiring industrialized reliability in specialized material processing.

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Historical Financials (USD)

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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 150M - 250M USD

EBITDA range: 50M - 100M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MOTT CORPORATION by IDEX CORPORATION are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: idex corporation