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.
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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.