Innovex International to Sell Houston Campus for $95M

Dow Jones

04-26

By Kelly Cloonan

Innovex International has entered into a definitive agreement to sell its campus in Houston to BIG Acquisitions for $95 million.

The energy industrial platform on Friday said the sale is expected to close in the third quarter.

Innovex said it intends to enter a short-term lease of the property to ensure there is no disruption to customer deliveries.

The company's executives said the sale will strengthen its balance sheet and reduce its operating footprint.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

April 25, 2025 17:12 ET (21:12 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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