FlexXray, LLC
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FlexXray, LLC - overview
Established
2001
Location
Arlington, TX, US
Primary Industry
Food
About
FlexXray, LLC is a US-based provider specializing in foreign material X-ray inspection and contaminant retrieval services for the food processing and manufacturing sectors, ensuring product safety and compliance. Founded in 2001 and headquartered in Arlington, US, FlexXray, LLC focuses on providing foreign material detection services. The company has successfully completed 4 deals, with its most recent acquisition occurring on July 26, 2021, when Warburg Pincus and Tilia Holdings acquired FlexXray from Levine Leichtman Capital Partners. The CEO, Randy Jesberg, leads the firm in its mission to offer reliable inspection services.
FlexXray offers advanced foreign material X-ray inspection services, utilizing medical-grade X-ray technology to detect and retrieve contaminants such as metal, plastic, glass, bone, rubber, and wood from food products. Their services cater primarily to the food processing industry, with operational facilities in Texas, Illinois, South Carolina, New Jersey, Nevada, and Idaho, supporting over 1,100 clients globally, including 15 of the top 20 U. S. food and beverage manufacturers.
FlexXray operates on a service-based revenue model, earning through B2B transactions where clients submit product samples for inspection. The company charges service fees based on the complexity of the foreign material investigations, thus enabling clients to maintain product safety and compliance effectively. Following its acquisition in July 2021, FlexXray is set to expand its market offerings and services. While specific new products or release dates have not been mentioned, the company aims to utilize the acquisition to enhance its capabilities.
Plans for geographic expansion into new markets are anticipated, as the firm works to boost its presence in the food safety sector, supported by the strategic direction from its recent investors.
Current Investors
Warburg Pincus, Tilia Holdings
Primary Industry
Food
Sub Industries
Consumer Services, Food
Website
www.flexxray.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
FlexXray, LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | FlexXray, LLC | - | ||||||||
| Private Debt | Completed | FlexXray, LLC | - | ||||||||
| Secondary Buyout | Completed | FlexXray, LLC | - | ||||||||
| Growth | Completed | FlexXray, LLC | - |
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