IR - M&A Summary and Business Overview

MachineryCompany

IR M&A Summary

IR has acquired 51 companies, including 25 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 8 assets.

IR’s largest acquisition to date was in 2008, when it acquired Trane for $10.1B. It’s largest disclosed sale occurred in 2021, when it sold Club Car to Platinum Equity for $1.7B. IR has acquired in 21 different US states, and 13 countries. The Company’s most targeted sectors include machinery (36%) and manufacturing (30%).

IR Business Overview

Where is IR headquartered?

IR is headquartered in Davidson, North Carolina.

What is IR’s revenue?

IR disclosed revenue of 6,816M USD for 2023 and 5,916M USD for 2022.

How many employees does IR have?

IR has 18,000 employees.

What sector is IR in?

IR is a machinery company.

When was IR founded?

IR was founded in 1859.

M&A Summary

  • M&A Total Activity56
    • M&A Buy Activity48
    • M&A Sell Activity8
  • Total Sectors Invested 14
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 20
  • M&A Advisors 7

IR

Ingersoll Rand Inc.

525 Harbour Place Drive Suite 600,
Davidson, North Carolina 28036
United States,
(704) 655-4000
www.irco.com

IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (4.2/yr) # 27 2 4 8 1 6 48
vol $12.2B $184M $744M $645M $300M $2.3B $16.4B
Sell (0.4/yr) # 6 - 2 - - - 8
vol $3.6B $1.7B $5.3B
  56

Most Recent M&A

Company Date Value Type
Air Power Systems Co. LLC 2024-10-01 - Add-on Acquisition
Tulsa, Oklahoma · www.apscopower.com
Blutek s.r.l. 2024-10-01 - Add-on Acquisition
Gorle, Italy · www.blutek.eu
UT Pumps & Systems Pvt. Ltd. 2024-10-01 - Add-on Acquisition
Faridabad, India · www.utpumps.com
Ethafilter Srl 2024-04-03 - Add-on Acquisition
Sovizzo, Italy · www.ethafilter.com
Controlled Fluidics 2024-04-03 - Add-on Acquisition
Milford, New Hampshire · www.controlledfluidics.com
ILC Dover, Inc. 2024-03-25 2.3B USD Add-on Acquisition
Frederica, Delaware · www.ilcdover.com
Howden Roots LLC 2023-06-12 300M USD Divestiture
Connersville, Indiana
SPX FLOW - Air Treatment Business 2022-10-06 525M USD Divestiture
Charlotte, North Carolina
Dosatron International S.A.S. 2022-10-03 90M USD Add-on Acquisition
Tresses, France · www.dosatron.com
Pedro Gil Construcciones Mecánicas SL 2022-09-13 - Add-on Acquisition
Barcelona, Spain · www.pedrogil.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Trane, Inc. 2008-06-05 Arctic Chiller Group Ltd. 2019-09-13 1
Piscataway, New Jersey · www.trane.com Brampton, Ontario · www.arcticchillergroup.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 17 (35%) 2.8B (17%) 2 (25%) -
Manufacturing 14 (29%) 13.0B (79%) 2 (25%) 2.4B (45%)
Business Services 3 (6%) - - -
Safety/Security 2 (4%) - 1 (13%) -
Medical Products 2 (4%) - - -
Plastics 2 (4%) - - -
Automotive 1 (2%) - 1 (13%) 1.7B (32%)
Energy Services and Equipment 1 (2%) - 1 (13%) 1.2B (23%)
Technology Hardware 1 (2%) - 1 (13%) -
Chemicals 1 (2%) - - -
Electrical Equipment 1 (2%) 525M (3%) - -
Information Technology 1 (2%) 103M (1%) - -
Leisure 1 (2%) - - -
Retail 1 (2%) - - -
Total 48 $16.4B 8 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 27 15.1B 7 5.3B
  New Jersey 4 10.1B - -
  Florida 3 71M - -
  Texas 1 - 2 1.2B
  Missouri 2 184M - -
  Montana 1 - 1 1.5B
  Kentucky 1 - 1 -
  Georgia 1 - 1 1.7B
  Connecticut 1 - 1 840M
  New Hampshire 1 - - -
  Michigan 1 58M - -
  Massachusetts 1 - - -
  Indiana 1 300M - -
  Illinois 1 85M - -
  Delaware 1 2.3B - -
  California 1 - - -
  South Carolina 1 - - -
  Oklahoma 1 - - -
  Ohio 1 20M - -
  North Carolina 1 525M - -
  New York 1 - - -
Italy 4 171M - -
Germany 3 486M - -
Canada 2 103M - -
  Quebec 1 103M - -
  Ontario 1 - - -
France 2 90M - -
India 2 - - -
United Kingdom 2 308M - -
China 1 - - -
Czech Republic 1 - - -
Finland 1 93M - -
Ireland - - 1 -
Netherlands 1 30M - -
Spain 1 - - -
Sweden 1 10M - -
Domestic 27 (56%) 15.1B (92%) 7 (88%) 5.3B (100%)
Cross-border 21 (44%) 1.3B (8%) 1 (13%) -
Total 48 $16.4B 8 $5.3B

Top M&A Advisors

Financial Deals
Simmons & Company
1
PwC Corporate Finance LLC
1
Citigroup Investment Banking
1
Legal Deals
Simpson Thacher & Bartlett
2
Gleiss Lutz
1
Godfrey & Kahn S.C.
1

Deal Values

buy # Total
> $1B 3 $13.9B
$100M to $1B 7 $2.1B
< $100M 8 $457M
TOTAL $16.4B
Largest Trane, Inc.
$10.1B (2008-06-05)
sell # Total
> $1B 3 $4.4B
$100M to $1B 1 $840M
TOTAL $5.3B
Largest Club Car LLC
$1.7B (2021-04-12)

M&A Connections

Deals
Acquired from
Investor(s)
13%
6 (13%)
Strategic(s)
10%
5 (10%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

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