M&A Deal Summary

IR Acquires Tuthill Pump Group

On November 2, 2021, IR acquired machinery company Tuthill Pump Group from Tuthill for 85M USD

Acquisition Highlights
  • This is IR’s 10th transaction in the Machinery sector.
  • This is IR’s 13th largest (disclosed) transaction.
  • This is IR’s 21st transaction in the United States.
  • This is IR’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-11-02
Target Tuthill Pump Group
Sector Machinery
Buyer(s) IR
Sellers(s) Tuthill
Deal Type Divestiture
Deal Value 85M USD

Target

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.

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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 33 of 48
Sector (Machinery) 10 of 17
Type (Divestiture) 3 of 5
State (Illinois) 1 of 1
Country (United States) 21 of 27
Year (2021) 4 of 4
Size (of disclosed) 13 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 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.

Buy $71M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-02 Jorc

Heerlen, Netherlands

Jorc is a manufacturer of condensate management products, primarily condensate drains, oil/water separators, and air-saving equipment. Jorc was founded in 1991 and is based in Heerlen, Netherlands.

Buy €27M

Seller(S) 1

SELLER

Tuthill

Burr Ridge, Illinois, United States
Category Company
Founded 1927
Sector Machinery
DESCRIPTION

Tuthill is up to something special that reaches far beyond manufacturing rock solid products. We inspire the hearts and souls of customers, families, and employees by being intentional about providing value in our products and in life.

DEAL STATS #
Overall 4 of 5
Sector (Machinery) 3 of 3
Type (Divestiture) 4 of 5
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Tuthill Vacuum and Blower Systems

Springfield, Missouri, United States

Tuthill Vacuum and Blower Systems is a designer and manufacturer of positive displacement blowers, mechanical vacuum pumps, vacuum boosters, and engineered systems. Based in Springfield, Mo., Tuthill Vacuum and Blower Systems has approximately 160 employees and annual revenue of approximately $60 million. Upon transaction close, the employees and brands of Tuthill Vacuum and Blower Systems will join the Ingersoll Rand Industrial Technologies and Services (IT&S) segment.

Sell $184M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-27 Fill-Rite

Ft. Wayne, Indiana, United States

Fill-Rite is a manufacturer of Fill-Rite fuel transfer pumps. Fill-Rite is based in Ft. Wayne, Indiana.

Sell $525M
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