SPX FLOW has been 100% owned by LONE STAR FUNDS since April 2022.

At what enterprise value was SPX FLOW acquired in 2022?

During the acquisition of SPX FLOW by LONE STAR FUNDS in 2022, the transaction's Enterprise Value is estimated to be in the range of 3b - 100b USD.

What was the EV/EBITDA of SPX FLOW when it was acquired by LONE STAR FUNDS?

The estimated EV/EBITDA multiple for SPX FLOW is in the range of 15x - 25x.

When was SPX FLOW acquired by LONE STAR FUNDS?

SPX FLOW was acquired by LONE STAR FUNDS in 2022.

What was the revenue of SPX FLOW at the time of the deal?

The revenue of SPX FLOW at the time of the deal is estimated to be in the range of 1b - 3b USD.

What was the EBITDA of SPX FLOW during the acquisition?

SPX FLOW's EBITDA is estimated to be in the range of 150M - 250M USD.

How is the data for the SPX FLOW acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the SPX FLOW deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.spxflow.com/news-releases/lone-star-completes-acquisition-of-spx-flow/

What is the average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026?

The average EV/EBITDA multiple for the Industry & Manufacturing sector in 2026 is 11.6x.

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Home Database Industry & ManufacturingSPX FLOW

04/2022

SPX FLOW acquired by LONE STAR FUNDS

UNITED STATES Industrial Equipment / Special Machinery EV 3b - 100b USD

Context

SPX Flow has been acquired by Lone Star Funds. The transaction marks the transition of SPX FLOW from a publicly-traded entity to a private subsidiary of Lone Star. The strategic rationale for the move centers on the acceleration of the target’s long-term growth initiatives within a private equity framework, allowing for a concentrated focus on operational actions and product quality without the constraints of public market volatility. By integrating the target’s innovative product portfolio with the acquirer’s financial rigor, the partnership aims to solidify the organization's leadership in the nutrition and health infrastructure segments.

SPX FLOW, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Industry & Manufacturing sector (11.6x).

-> Deep-dive in Industry & Manufacturing market trends

Target

SPX FLOW is a premier technology organization dedicated to the design and supply of highly engineered process solutions. The entity’s business model is centered on high-performance liquid handling and thermal systems, specializing in mixing, blending, separation, and heat transfer technologies. Its value proposition lies in providing technical durability and industrialized reliability to essential markets such as health, nutrition, and general industry. Strategically, the firm focuses on technical operational depth across more than 25 countries, serving as a primary technical partner for global food and pharmaceutical producers. By integrating advanced process engineering with a customer-centric innovation culture, the organization facilitates structural efficiency in complex manufacturing environments. The firm prioritizes the professionalization of its commercial organization to maintain its status as a market leader in specialized fluid management.

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Other operations with SPX FLOW

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
03/2026	ITT	SPX FLOW	UNITED STATES	Special Machinery

REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 1b - 3b USD

EBITDA range: 150M - 250M USD

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

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: spx flow

Acquirer: lone star funds