M&A Deal Summary

IR Acquires Trane

On June 5, 2008, IR acquired manufacturer Trane for 10.1B USD

Acquisition Highlights
  • This is IR’s 3rd transaction in the Manufacturing sector.
  • This is IR’s largest (disclosed) transaction.
  • This is IR’s 9th transaction in the United States.
  • This is IR’s 3rd transaction in New Jersey.

M&A Deal Summary
Date 2008-06-05
Target Trane
Sector Manufacturing
Buyer(s) IR
Deal Type Add-on Acquisition
Deal Value 10.1B USD
Advisor(s) Lazard Ltd. (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

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.

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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 10 of 48
Sector (Manufacturing) 3 of 14
Type (Add-on Acquisition) 10 of 42
State (New Jersey) 3 of 4
Country (United States) 9 of 27
Year (2008) 1 of 2
Size (of disclosed) 1 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-12 Security One Systems

Fort Lauderdale, Florida, United States

Security One Systems provides turnkey security design solutions, including access-control, closed-circuit TV, video surveillance and alarm monitoring, with strong presence in communications, financial services, government and healthcare markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-21 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.

Buy £200M
Mergr

Product

Company

Legal