KUHN CAPITAL Monday, October 23, 2017
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More Energy IT Deal Action

October 22

Since our Special Report on energy IT industry values was written, another high-profile industry M&A transaction has been announced.

IMS Meters Holdings, a company financed by The Jordan Company, LP, intends to purchase Invensys' Metering business for $650 million. That value represents a price/sales multiple of 1.2x and an operating profit/sales multiple of about 9x. Regarding the deal, Invensys' CEO was quoted as saying, "the price obtained for this, the first of our four larger businesses for disposal, was at the lower end of estimates."


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