ITT to acquire SPX Flow in $4.8 billion agreement to boost industrial portfolio

ITT Inc. announced it has signed a definitive agreement to acquire SPX Flow from Lone Star Funds for $4.775 billion in cash and equity. According to ITT, the transaction will expand its portfolio of highly engineered equipment and process technologies across industrial, chemical, energy, mining, nutrition, health, and personal care markets.

SPX Flow generated $1.3 billion in revenue over the twelve months ending September 27, 2025, with a 42 percent gross margin and an adjusted EBITDA margin of 22 percent. The company supplies pumps, valves, mixers, and related process solutions under brands including Waukesha Cherry-Burrell, Lightnin, and Bran+Luebbe. ITT plans to integrate the business into its Industrial Process segment, which reported approximately $1.4 billion in revenue in 2024.

Luca Savi, Chief Executive Officer and President of ITT, said, “ITT’s playbook of differentiation in execution and innovation combined with SPX FLOW’s leading brands and engineering expertise creates significant opportunity for long-term value creation. On behalf of ITT, I am truly honored to partner with SPX FLOW’s talented team of approximately 3,800 employees to better serve and work hard for our customers and our shareholders.”

Marc Michael, President and CEO of SPX FLOW, added, “ITT’s world-class Industrial Process businesses are a natural fit for SPX FLOW’s market-leading industrial, health, and nutrition brands. By leveraging our joint global capabilities, we can provide customers with the technology, engineering and operational capabilities to create innovative solutions for their process needs.”