IDEX Corporation IEX recently completed the acquisition of Abel Pumps, L.P., and its affiliates from Hillenbrand, Inc. HI. The buyout, which was earlier announced in January 2021, is valued at $103.5 million in cash. Notably, IDEX’s shares declined 0.6% yesterday to eventually close the trading session at $199.03.Based in Büchen, Germany, Abel Pumps is engaged in design and manufacture of engineered reciprocating positive displacement pumps. The company is recognized for manufacturing diaphragm, solids handling, high pressure and marine pumps. Its products are utilized in various end markets, including power, mining, water, marine and wastewater.Buyout DetailsWith the buyout, IDEX will be able to leverage Abel Pumps’ strong expertise in pump solutions, which will help it in further strengthening its position in the pump manufacturing industry. This apart, the acquisition will enable IDEX to expand its customer base along with strengthening its ability to solve customers’ complex fluids challenges. Notably, Abel Pumps is integrated into IDEX’s Fluid and Metering Technologies business segment.Other Notable BuyoutsThe company intends to solidify its product portfolio and leveraged business opportunities through the addition of assets. For instance, in 2019, IDEX added Velcora Holding AB with its Steridose and Roplan businesses to its portfolio. Also, the company completed the buyout of Flow Management Devices in February 2020, which has strengthened its product offerings to chemical manufacturers, refineries and pipeline operators. Acquired assets boosted the company’s sales by 1% in the fourth quarter of 2020.Zacks Rank, Price Performance and Estimate RevisionsIDEX, with approximately $15.1 billion market capitalization, currently carries a Zacks Rank #3 (Hold). The company is well poised to gain from a diversified business structure, solid product portfolio and execution abilities in the quarters ahead. Further, synergistic gains from buyouts might benefit it. However, weakness in energy market is likely to hurt its performance.In the past three months, the company’s share price has increased 3.3% compared with the industry’s growth of 7.7%.The Zacks Consensus Estimate for the company’s earnings is pegged at $5.92 for 2021, up 3% from the 60-day-ago figure. The consensus estimate for 2022 earnings is pegged at $6.49, up 3.2% over the same time frame.Stocks to ConsiderA couple of better-ranked stocks from the same space are EnPro Industries, Inc. NPO and Graco Inc. GGG. While EnPro sports a Zacks Rank #1 (Strong Buy), Graco carries a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.EnPro delivered a positive earnings surprise of 310.81%, on average, in the trailing four quarters.Graco delivered a positive earnings surprise of 20.87%, on average, in the trailing four quarters.5G Revolution: 3 Stocks to Make Your MoveWith super high data speed, it will make current cell phones obsolete and unlock the full potential of big data, cloud computing, and artificial intelligence. In the next few years this industry is predicted to create 22 million jobs and a stunning $12.3 trillion in revenue.Today you have an historic chance to pursue almost unimaginable gains like Microsoft, Netflix, and Apple in their early phases. Zacks has released a Special Report that reveals our . . .Smartest stock for 5G telecomSafest investment in 5G hardwareSingle best 5G buy of all!Download now. Today the report is FREE >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Graco Inc. (GGG): Free Stock Analysis Report EnPro Industries (NPO): Free Stock Analysis Report IDEX Corporation (IEX): Free Stock Analysis Report Hillenbrand Inc (HI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research