Innovex Sells Houston Eldridge Facility for $90 Million to Streamline Operations

Reuters

Sep 24

Innovex Sells Houston Eldridge Facility for $90 Million to Streamline Operations

Innovex International Inc. announced it has completed the sale of its facility at 6401 North Eldridge Pkwy, Houston, Texas, for $90 million, with estimated net proceeds of approximately $86.5 million. The company will lease back the property through December 31, 2025, at $650,000 per month to support ongoing facility consolidation efforts. The transaction is expected to strengthen Innovex's balance sheet, enhance operational efficiency, and support its long-term growth strategy.

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: 20250924071298) on September 24, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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