M&A Deal Summary

IR Acquires Air Dimensions

On October 28, 2021, IR acquired machinery company Air Dimensions for 71M USD

Acquisition Highlights
  • This is IR’s 9th transaction in the Machinery sector.
  • This is IR’s 14th largest (disclosed) transaction.
  • This is IR’s 20th transaction in the United States.
  • This is IR’s 3rd transaction in Florida.

M&A Deal Summary
Date 2021-10-28
Target Air Dimensions
Sector Machinery
Buyer(s) IR
Deal Type Add-on Acquisition
Deal Value 71M USD

Target

Air Dimensions

Deerfield Beach, Florida, United States
Air Dimensions designs, manufactures and sells vacuum diaphragm pumps primarily for environmental applications in high-growth, sustainable end markets such as emission monitoring, biogas, utility, and chemical processes. Air Dimensions was founded in 1971 and is based in Deerfield Beach, Florida.

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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 32 of 48
Sector (Machinery) 9 of 17
Type (Add-on Acquisition) 29 of 42
State (Florida) 3 of 3
Country (United States) 20 of 27
Year (2021) 3 of 4
Size (of disclosed) 14 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-28 Maximus

Saint-Bruno-de-Montarville, Quebec, Canada

Maximus is a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market. The company is a centralized controller and IIoT platform which connects to farm devices and simplifies facility management. The System tracks the state of farm infrastructure and automates tasks based on artificial intelligence (AI) logic. Maximus was formed in 2010 and is based in Saint-Bruno-de-Montarville, Quebec.

Buy CA$135M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-02 Tuthill Pump Group

Alsip, Illinois, United States

Tuthill Pump Group is a provider in gear and rotary piston pump solutions for sustainable, high growth end markets, including life science, food and beverage, medical and water and wastewater treatment.

Buy $85M
Mergr

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