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Lone Star Funds Completes Sale of SPX FLOW to ITT Inc.
The $4.775 billion deal will see SPX FLOW, a leading provider of industrial process technologies, become part of the ITT portfolio.
Mar. 2, 2026 at 3:47pm
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Lone Star Funds, a leading investment firm, has successfully completed the sale of SPX FLOW, Inc., a provider of highly engineered equipment and process technologies, to ITT Inc. for $4.775 billion in cash and shares of ITT common stock. Since acquiring SPX FLOW, Lone Star has worked to develop the company's operations and product capabilities, positioning it for long-term success.
Why it matters
The sale of SPX FLOW to ITT Inc. represents a significant transaction in the industrial equipment and process technology sector, as two major players in the industry come together. The deal highlights Lone Star's ability to navigate complex situations and drive value for its investments, while also showcasing ITT's strategic expansion into new markets and technologies.
The details
SPX FLOW focuses on process technologies delivering mixing, blending, fluid handling, separation, thermal heat transfer and other solutions integral to industrial, health and nutrition markets. The company has operations in more than 25 countries and sales in more than 140 countries. Lone Star has worked alongside SPX FLOW's leaders to further develop its operations and product capabilities, improving the company's commercial organization and executing growth initiatives.
- Lone Star Funds announced the successful completion of the sale on March 2, 2026.
The players
Lone Star Funds
A leading investment firm with its principal office in London, UK, advising funds that invest globally in private equity, credit and real estate.
SPX FLOW, Inc.
A leading provider of highly engineered equipment and process technologies for industrial, health and nutrition markets, with operations in more than 25 countries and sales in more than 140 countries.
ITT Inc.
A publicly traded company (NYSE: ITT) that has acquired SPX FLOW as part of its strategic expansion into new markets and technologies.
Donald Quintin
The Chief Executive Officer of Lone Star Funds.
What they’re saying
“We are pleased to reach this achievement and believe SPX FLOW will continue to deliver on its goal of producing high quality equipment and solutions while driving value for ITT.”
— Donald Quintin, Chief Executive Officer of Lone Star Funds
The takeaway
The successful sale of SPX FLOW to ITT Inc. demonstrates Lone Star Funds' ability to identify and develop promising industrial companies, while also highlighting ITT's strategic focus on expanding its portfolio of process technologies and solutions. This transaction is a significant milestone in the evolution of both companies and the broader industrial equipment and technology sector.
