M&A Deal Summary

Ingersoll Rand Acquires Precision Flow System

On February 11, 2019, Ingersoll Rand Inc. acquired machinery company Precision Flow System from Accudyne Industries for 1.5B USD

Acquisition Highlights
  • This is Ingersoll Rand’s 6th transaction in the Machinery sector.
  • This is Ingersoll Rand’s 2nd largest (disclosed) transaction.
  • This is Ingersoll Rand’s 18th transaction in the United States.

M&A Deal Summary

Date 2019-02-11
Target Precision Flow System
Sector Machinery
Buyer(s) Ingersoll Rand Inc.
Sellers(s) Accudyne Industries
Deal Type Divestiture
Deal Value 1.5B USD
Advisor(s) Morgan Stanley (Financial)
Latham & Watkins (Legal)

Target

Precision Flow System

United States
Precision Flow System is a provider of fluid management systems with world-class brands including Milton Roy®, LMI®, Haskel®, BuTech®, Dosatron®, YZ Systems®, Williams®, and Hartell®. It serves mission critical applications including water, agriculture, food and beverage, pharmaceuticals and process industries.

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Buyer(S) 1

Buyer

Ingersoll Rand Inc.

Davidson, North Carolina, United States

website


Category Company
Founded 1859
SectorMachinery
Employees15,900
Revenue 4.9B USD (2020)
DESCRIPTION

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 Milwaukee, Wisconsin.


DEAL STATS #
Overall 26 of 33
Sector (Machinery) 6 of 10
Type (Divestiture) 1 of 3
Country (United States) 18 of 21
Year (2019) 1 of 2
Size (of disclosed) 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-13 MP Pumps, Inc.

Fraser, Michigan, United States

MP Pumps, Inc. is a manufacturer of specialty industrial pumps and associated aftermarket parts for use in a variety of industrial end markets.

Buy $58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-08 Oina VV AB

Stockholm, Sweden

Oina VV AB provides customized pump solutions for liquid handling processes for use in medical, process and industrial applications. Oina VV AB was founded in 1985 and is based in Stockholm, Sweden.

Buy $10M

Seller(S) 1

SELLER

Accudyne Industries

Neuve, Luxembourg

website


Category Company
SectorMachinery
Employees2,000
DESCRIPTION

Accudyne Industries is a global provider of precision-engineered, process-critical and technologically advanced flow control equipment, systems and high efficiency industrial compressors that deliver consistently high performance and give confidence to customers in the critical industries and serve environments around the world. Accudyne is powered by approximately 2,000 employees at 10 manufacturing facilities, supporting a broad range of customers in more than 150 countries.


DEAL STATS #
Overall 2 of 2
Sector (Machinery) 2 of 2
Type (Divestiture) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 Sullair

Michigan City, Indiana, United States

Sullair is a global air compressor company. Sullair has established a strong sales network and customer base especially in North America. The Company was formed in 1965 and is headquartered in Michigan City, Indiana.

Sell $1.2B