M&A Deal Summary

IR Acquires CompAir

On July 21, 2008, IR acquired manufacturer CompAir from Alchemy Partners for 200M GBP

Acquisition Highlights
  • This is IR’s 4th transaction in the Manufacturing sector.
  • This is IR’s 5th largest (disclosed) transaction.
  • This is IR’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2008-07-21
Target CompAir
Sector Manufacturing
Buyer(s) IR
Sellers(s) Alchemy Partners
Deal Type Add-on Acquisition
Deal Value 200M GBP

Target

CompAir

Redditch, United Kingdom
CompAir is a manufacturer of compressed air and gas systems with sales of around £250m per year. Employing a workforce of approximately 2,000 worldwide, CompAir has manufacturing facilities in the UK, Continental Europe and China, as well as sales outlets in over 100 other countries.

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Buyer(S) 1

Buyer

IR

Davidson, North Carolina, United States

Category Company
Founded 1859
Sector Machinery
Employees18,000
Revenue 6.8B USD (2023)
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 Davidson, Wisconsin.


DEAL STATS #
Overall 11 of 48
Sector (Manufacturing) 4 of 14
Type (Add-on Acquisition) 11 of 42
Country (United Kingdom) 1 of 2
Year (2008) 2 of 2
Size (of disclosed) 5 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-05 Trane

Piscataway, New Jersey, United States

Trane is a provider of heating, ventilation and air conditioning (HVAC) systems; dehumidifying and air cleaning products. Trane also offers service and parts support; advanced building controls and financing solutions.

Buy $10.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-30 Hussmann

Bridgeton, Montana, United States

Hussmann Corp. is a manufacturer of refrigerated display cases and systems.

Buy -

Seller(S) 1

SELLER

Alchemy Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1997
PE ASSETS 4.0B GBP
Size Large
Type Sector Agnostic
DESCRIPTION

Alchemy Partners is a private equity firm that targets investments in the UK, Ireland, and German-speaking Europe. Alchemy looks to commit £25 to £150 million per transaction in areas including financial services, information technology, and telecoms. Historically, the Firm primarily targeted leveraged buyouts, buy-ins, and growth capital financings, but today Alchemy specializes in distressed and undervalued or underperforming businesses. Alchemy Partners was formed in 1997 and is based in London.


DEAL STATS #
Overall 5 of 14
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 3 of 10
Country (United Kingdom) 4 of 10
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Geo Networks

London, United Kingdom

Geo Networks Ltd. is a designs, builds and operates of bespoke dedicated fibre network solutions. Geo’s revolutionary and flexible approach means that for the first time, organisations can own and control their networks, ensuring that security, high bandwidth and resilience are guaranteed.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-11 COA Solutions

Cobham, United Kingdom

COA is a supplier of software solutions to the public and private sectors for over 25 years, with in excess of 5,000 direct and indirect customers in Healthcare, Public and Emergency (blue light) services and the private sector. COA provides software products for accounting and budgeting, data analysis, business intelligence (including patient pathways), compliance, billing, executive dashboard, HR, payroll, procurement, document management and business process outsourcing (BPO) services.

Sell £100M