M&A Deal Summary

IR Acquires Tuthill Vacuum and Blower Systems

On December 7, 2020, IR acquired machinery company Tuthill Vacuum and Blower Systems from Tuthill for 184M USD

Acquisition Highlights
  • This is IR’s 7th transaction in the Machinery sector.
  • This is IR’s 8th largest (disclosed) transaction.
  • This is IR’s 19th transaction in the United States.
  • This is IR’s 1st transaction in Missouri.

M&A Deal Summary
Date 2020-12-07
Target Tuthill Vacuum and Blower Systems
Sector Machinery
Buyer(s) IR
Sellers(s) Tuthill
Deal Type Divestiture
Deal Value 184M USD

Target

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.

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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 29 of 48
Sector (Machinery) 7 of 17
Type (Divestiture) 2 of 5
State (Missouri) 1 of 2
Country (United States) 19 of 27
Year (2020) 2 of 2
Size (of disclosed) 8 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-01 Albin Pump SAS

Montelimar, France

Albin Pump SAS is develops manufactures and sells seal less pumps. Albin Pump is based in Montelimar, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-16 GD Energy Products

Houston, Texas, United States

GD Energy Products is a market leader in the design and manufacture of positive displacement pumps and associated aftermarket parts, consumables, and services primarily for North American unconventional oil & gas and other industrial end markets.

Sell -

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 3 of 5
Sector (Machinery) 2 of 3
Type (Divestiture) 3 of 5
State (Missouri) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 TDS Drive

Brookston, Indiana, United States

TDS Drive is a designer and manufacturer of hydraulically powered drive assist systems and steer axles for agricultural equipment and on and off-highway vehicles. TDS Drive was founded in 2011 and is based in Brookston, Indiana.

Sell -
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.

Sell $85M
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