Kirkland Represents Fortive on Industrial Scientific’s Acquisition of Intelex for $570 Million
Kirkland & Ellis advised Fortive Corporation (NYSE: FTV), a diversified industrial growth company, on Industrial Scientific’s acquisition of Intelex Technologies, a recognized leader in the environmental, health & safety, and quality (EHSQ) management space, for approximately $570 million. Industrial Scientific is a global leader in connected sensing technology and a wholly-owned subsidiary of Fortive Corporation. Intelex will be acquired from JMI Equity. The transaction is expected to close in the third quarter of 2019.
The Kirkland team was led by transactional partners Jonathan Davis and Carlo Zenkner along with Daniel Wolf and associate Zach Dann; tax partners Dean Shulman and Vincent Thorn; and antitrust partner Jeffrey Ayer.
