IR Mergers and Acquisitions Summary

MachineryCompany

IR has acquired 42 companies of its own, including 23 in the last 5 years. A total of 5 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 17 different US states, and 13 countries. The Company’s most targeted sectors include machinery (35%) and manufacturing (30%).

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M&A Summary

  • M&A Total Activity49
    • M&A Buy Activity41
    • M&A Sell Activity8
  • Total Sectors Invested 13
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 16
  • M&A Advisors 6

IR

Ingersoll Rand Inc.

800-A Beaty Street,
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 ≤ '17 '18 '19 '20 '21 '22 T
Buy (3.8/yr) # 22 3 2 2 4 8 41
vol $10.6B $151M $1.5B $184M $744M $645M $13.8B
Sell (0.4/yr) # 6 - - - 2 - 8
vol $3.6B $1.7B $5.3B
  49

Most Recent M&A

Company Date Value Type
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
Westwood Technical Ltd. 2022-09-13 - Add-on Acquisition
Holmfirth, United Kingdom · www.westwoodtec.com
Shanghai Hanye Air Purifying Technology Co., Ltd. 2022-08-01 - Add-on Acquisition
Shanghai, China · www.hanye-air.com
Holtec Gas Systems LLC 2022-08-01 - Add-on Acquisition
Saint Charles, Missouri · www.holtecllc.com
Hydro Prokav Pumps India Pvt Ltd. 2022-08-01 - Add-on Acquisition
Coimbatore, India · www.hppumps.com
Houdstermaatschappij Jorc B.V. 2022-02-02 30M EUR Add-on Acquisition
Heerlen, Netherlands · www.jorc.eu
Tuthill Pump Group 2021-11-02 85M USD Divestiture
Alsip, Illinois
Air Dimensions, Inc. 2021-10-28 71M USD Add-on Acquisition
Deerfield Beach, Florida · www.airdimensions.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 14 (34%) 2.5B (18%) 2 (25%) -
Manufacturing 12 (29%) 10.7B (77%) 2 (25%) 2.4B (45%)
Business Services 3 (7%) - - -
Safety/Security 2 (5%) - 1 (13%) -
Medical Products 2 (5%) - - -
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 (4%) - -
Information Technology 1 (2%) 103M (1%) - -
Leisure 1 (2%) - - -
Retail 1 (2%) - - -
Total 41 $13.8B 8 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 23 12.5B 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
  California 1 - - -
  South Carolina 1 - - -
  Ohio 1 20M - -
  North Carolina 1 525M - -
  New York 1 - - -
  Michigan 1 58M - -
  Massachusetts 1 - - -
  Illinois 1 85M - -
Germany 3 486M - -
Canada 2 103M - -
  Quebec 1 103M - -
  Ontario 1 - - -
France 2 90M - -
Italy 2 171M - -
United Kingdom 2 308M - -
China 1 - - -
Czech Republic 1 - - -
Finland 1 93M - -
India 1 - - -
Ireland - - 1 -
Netherlands 1 30M - -
Spain 1 - - -
Sweden 1 10M - -
Domestic 23 (56%) 12.5B (91%) 7 (88%) 5.3B (100%)
Cross-border 18 (44%) 1.3B (9%) 1 (13%) -
Total 41 $13.8B 8 $5.3B

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
1
Delphi Advisors GmbH
1
Simmons & Company International Ltd.
1
Legal Deals
Godfrey & Kahn S.C.
1
Gleiss Lutz
1
Simpson Thacher & Bartlett LLP
1

Deal Values

buy # Total
> $1B 2 $11.6B
$100M to $1B 6 $1.8B
< $100M 8 $457M
TOTAL $13.8B
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)
10%
4 (10%)
Strategic(s)
10%
4 (10%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

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