08:04 AM EDT, 09/24/2025 (MT Newswires) -- Innovex International ( INVX ) said Wednesday it has finalized the sale of a facility in Houston, Texas for $90 million and entered into a short-term lease of the property through Dec. 31 for $650,000 per month.

The short-term lease will allow the company to finalize ongoing facility consolidation initiatives without disrupting customer deliveries, Innovex ( INVX ) said.

The net proceeds from the sale were $86.5 million, the company said.