secwatch.observer — SEC 8-K summary
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Issuer:     Innovex International, Inc. (INVX)
CIK:        0001042893
Form:       8-K
Filed at:   2026-06-15T11:30:19+00:00
Accession:  0001193125-26-270295
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 3.02
LLM model:  deepseek-v4-flash:cloud@v2

Innovex to acquire TCO Group for $95M; expects 13% EPS accretion, 14% ROCE
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- Purchase price ~$95M: $30M in stock (~1.06M shares at ~$28.20 VWAP) and $65M cash.
- TCO Group FY2025 revenue ~$70M, net income $12.4M, Adjusted EBITDA $17.6M (25% margin).
- Closing expected early Q3 2026; seller has 6-month lock-up on consideration shares.
- Transaction expected ~13% accretive to Innovex EPS (based on 2025 pro forma).
- TCO Group provides well completion tools, including barrier plugs, perforating services, chemical injection systems.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526270295/0001193125-26-270295-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1042893/000119312526270295/invx-20260615.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-270295

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer