Innovex to divest Houston facility for $95M

Innovex (INVX) announced its entry into a definitive agreement to sell its facility located at 6401 North Eldridge Pkwy, Houston, Texas 77041. The sale price for the property is $95M, subject to adjustments, and the sale is expected to close in the third quarter of 2025. As further described in the purchase and sale agreement with BIG Acquisitions, Innovex intends to enter into a short-term lease of the property in connection with the sale to allow for completion of ongoing facility consolidation initiatives, ensuring no disruption to customer deliveries. The sale is subject to customary closing conditions.