ITT, a provider of critical components and innovative technologies, has signed a definitive agreement with Lone Star Funds to acquire SPX FLOW for $4.775 billion in cash and equity, valuing the company at 14.2x forecasted 2026 adjusted EBITDA (11.5x including synergies).

The acquisition expands ITT’s Industrial Process (IP) segment by adding SPX FLOW’s engineering equipment and process technologies, enhancing ITT’s ability to address complex challenges across industrial, chemical, energy, mining, nutrition, and health and personal care markets.

SPX FLOW, a US-based company, brings premier brands, blue-chip customer relationships, deep technical expertise, and aftermarket services for pumps, valves, mixers, and other flow and process solutions.

In the trailing twelve months ending September 27, 2025, SPX FLOW generated $1.3 billion in revenue with a 42 per cent gross margin, 22 per cent adjusted EBITDA margin, and 43 per cent of revenue from aftermarket sales.

Following the acquisition, SPX FLOW will integrate into ITT’s IP segment, which generated approximately $1.4 billion in revenue in 2024 and is a global leader in centrifugal and twin-screw pumps and engineered valves.