Innovex completes acquisition of Citadel Casing Solutions

Innovex (INVX) International announces that it has completed the acquisition of Citadel Casing Solutions, leveraging its energy industrial platform. This investment meets all the criteria of the Company’s disciplined M&A framework, including a focus on single-use engineered products that share the Company’s “Big Impact, Small Ticket” value proposition. The transaction values Citadel at approximately 3.8x LTM Adjusted EBITDA and is 8% accretive to Innovex’s EPS2. Innovex anticipates realizing approximately $2 million of cost synergies within 3 months and anticipates further synergies longer term as the business is fully integrated.