IR Mergers and Acquisitions Summary

MachineryCompany

IR has acquired 34 companies of its own, including 17 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 16 different US states, and 9 countries. The Company’s most targeted sectors include machinery (31%) and manufacturing (31%).

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M&A Summary

  • M&A Total Activity41
    • M&A Buy Activity33
    • M&A Sell Activity8
  • Total Sectors Invested 12
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 15
  • M&A Advisors 6

IR

Ingersoll Rand Inc.

800-A Beaty Street,
Davidson, North Carolina 28036
United States,
(414) 212-4700
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 Milwaukee, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (2.8/yr) # 19 3 3 2 2 4 33
vol $10.6B $20M $151M $1.5B $184M $744M $13.1B
Sell (0.4/yr) # 6 - - - - 2 8
vol $3.6B $1.7B $5.3B
  41

Most Recent M&A

Company Date Value Type
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
Maximus Systems 2021-06-28 103M CAD Add-on Acquisition
Saint-Bruno-de-Montarville, Quebec · www.maximus-solution.com
Seepex GmbH 2021-06-21 486M EUR Add-on Acquisition
Bottrop, Germany · www.seepex.com
Club Car LLC 2021-04-12 1.7B USD Divestiture
Evans, Georgia · www.clubcar.com
Ingersoll-Rand Plc - High Pressure Solutions Segment 2021-02-16 - Divestiture
Davidson, North Carolina
Tuthill Vacuum and Blower Systems 2020-12-07 184M USD Divestiture
Springfield, Missouri
Albin Pump SAS 2020-09-01 - Add-on Acquisition
Montelimar, France · www.albinpump.fr
Oina VV AB 2019-07-08 10M USD Add-on Acquisition
Stockholm, Sweden · www.oinapumps.com
Precision Flow System 2019-02-11 1.5B USD Divestiture
, United States
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 10 (30%) 2.4B (18%) 2 (25%) -
Manufacturing 10 (30%) 10.6B (81%) 2 (25%) 2.4B (45%)
Safety/Security 2 (6%) - 1 (13%) -
Business Services 2 (6%) - - -
Medical Products 2 (6%) - - -
Automotive 1 (3%) - 1 (13%) 1.7B (32%)
Energy Services and Equipment 1 (3%) - 1 (13%) 1.2B (23%)
Technology Hardware 1 (3%) - 1 (13%) -
Chemicals 1 (3%) - - -
Information Technology 1 (3%) 103M (1%) - -
Leisure 1 (3%) - - -
Retail 1 (3%) - - -
Total 33 $13.1B 8 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 21 12.0B 7 5.3B
  New Jersey 4 10.1B - -
  Florida 3 71M - -
  Texas 1 - 1 1.2B
  Montana 1 - 1 1.5B
  Kentucky 1 - 1 -
  Georgia 1 - 1 1.7B
  Connecticut 1 - 1 840M
  South Carolina 1 - - -
  Ohio 1 20M - -
  New York 1 - - -
  Missouri 1 184M - -
  Michigan 1 58M - -
  Massachusetts 1 - - -
  Illinois 1 85M - -
  California 1 - - -
  North Carolina - - 1 -
Germany 3 486M - -
Canada 2 103M - -
  Quebec 1 103M - -
  Ontario 1 - - -
Italy 2 171M - -
Czech Republic 1 - - -
Finland 1 93M - -
France 1 - - -
Ireland - - 1 -
Sweden 1 10M - -
United Kingdom 1 308M - -
Domestic 21 (64%) 12.0B (91%) 7 (88%) 5.3B (100%)
Cross-border 12 (36%) 1.2B (9%) 1 (13%) -
Total 33 $13.1B 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
Gleiss Lutz
1
Simpson Thacher & Bartlett LLP
1
Godfrey & Kahn S.C.
1

Deal Values

buy # Total
> $1B 2 $11.6B
$100M to $1B 5 $1.3B
< $100M 6 $336M
TOTAL $13.1B
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)
12%
4 (12%)
Strategic(s)
9%
3 (9%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

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