Innovex International Inc. Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies

Reuters

06/02

Innovex International Inc. Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies

HOUSTON--Innovex International, Inc. (NYSE: INVX) has announced the completion of its acquisition of Citadel Casing Solutions, LLC. The acquisition aligns with Innovex's strategy to expand its platform through highly engineered, single-use products with a "Big Impact, Small Ticket" value proposition. Citadel, founded in 2016, is known for its differentiated downhole technologies that enhance operational efficiencies and reduce cycle times for customers. Innovex CFO Kendal Reed highlighted that the transaction is highly accretive to earnings and cash flow per share, and it was executed as an all-cash transaction while maintaining a conservative leverage profile. Todd Stair, CEO of Citadel, expressed enthusiasm about the growth opportunities under the Innovex brand, citing complementary product offerings and geographical reach.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Innovex International Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250602971078) on June 02, 2025, and is solely responsible for the information contained therein.

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Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Innovex International Inc. Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        HOUSTON--<a href=\"https://laohu8.com/S/INVX\">Innovex International, Inc.</a> (NYSE: INVX) has announced the completion of its acquisition of Citadel Casing Solutions, LLC. The acquisition aligns with Innovex's strategy to expand its platform through highly engineered, single-use products with a \"Big Impact, Small Ticket\" value proposition. 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Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-06-02 21:20</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Innovex International Inc. Completes Acquisition of Citadel Casing Solutions, Enhancing Growth and Synergies\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        HOUSTON--<a href=\"https://laohu8.com/S/INVX\">Innovex International, Inc.</a> (NYSE: INVX) has announced the completion of its acquisition of Citadel Casing Solutions, LLC. The acquisition aligns with Innovex's strategy to expand its platform through highly engineered, single-use products with a \"Big Impact, Small Ticket\" value proposition. Citadel, founded in 2016, is known for its differentiated downhole technologies that enhance operational efficiencies and reduce cycle times for customers. Innovex CFO Kendal Reed highlighted that the transaction is highly accretive to earnings and cash flow per share, and it was executed as an all-cash transaction while maintaining a conservative leverage profile. 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ID: 20250602971078) on June 02, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"INVX","symbol_name":"Innovex International, Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250602:nNDL4z9ckF:1","article_id":"2540795883","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2540795883","pubTimestamp":1748870422,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"HOUSTON--Innovex International, Inc.  has announced the completion of its acquisition of Citadel Casing Solutions, LLC. 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