TDG - Ensemble Capital - IDEX Corp:  A Mundane Company Ready To Fire On All Cylinders

2024-04-20 09:10:00 ET

Summary

• IDEX is not well-known is because it sells decidedly mundane, typically niche parts and technology.
• We believe, however, that IDEX is among a class of companies that can outperform via acquisitions.
• IDEX has proven its ability to generate attractive returns from acquisitions in the past, and this could bode well for its chance to further compound shareholder value.

The following segment was excerpted from this fund letter.

IDEX Corp ( IEX )

One of Ensemble’s newer positions is IDEX Corporation. IDEX is not a well-known company, and we believe it has the chance to be recognized as one of the next great serial acquirers like past Ensemble holdings TransDigm Group ( TDG ) and Heico ( HEI )....

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