Ingersoll Rand Acquires ILC Dover from New Mountain Capital
March 25, 2024
Ingersoll Rand Inc. agreed to acquire ILC Dover from New Mountain Capital for approximately $2.325 billion in upfront cash plus an earnout tied to 2024 operating metrics. The acquisition establishes a life sciences platform within Ingersoll Rand's P&ST segment, expands the company's presence in biopharmaceutical and medical device markets, and brings ILC's ~2,000+ employees and global manufacturing footprint into the business.
- Buyers
- Ingersoll Rand Inc.
- Targets
- ILC Dover
- Sellers
- New Mountain Capital
- Industry
- Medical Devices
- Location
- Delaware, United States
- Transaction Type
- Buyout
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