Ingersoll Rand Acquires Houdstermaatschappij Jorc B.V. (Jorc)

Ingersoll Rand to Acquire ILC Dover From New Mountain Capital

March 25, 2024

Medical Devices

Ingersoll Rand has entered into an agreement to acquire ILC Dover (“ILC”) from New Mountain Capital for an upfront cash purchase price of about $2.325 billion, plus an earnout tied to 2024 operating efficiency metrics. The deal will create a life sciences platform within Ingersoll Rand’s P&ST segment, combining ILC with Ingersoll Rand’s life science-focused brands.

Ingersoll Rand to Acquire Holtec Gas Systems, Shanghai Hanye, and Hydro Prokav Pumps

August 1, 2022

Industrial Services

Ingersoll Rand Inc. has entered into agreements to acquire Holtec Gas Systems LLC, Shanghai Hanye Air Purifying Technology Co., Ltd, and Hydro Prokav Pumps (India) Private Limited for a combined cash purchase price of approximately $35 million. The acquisitions expand Ingersoll Rand’s air treatment capabilities and progressive cavity pump presence, supporting its inorganic growth strategy across adjacent products and geographies.

Ormandy Rycroft Engineering Acquires HRS Hevac Ltd and HeatExchangerSpares.com from Exchanger Industries Ltd

January 3, 2023

HVAC & Mechanical

Bradford-based Ormandy Rycroft Engineering, part of Avingtrans PLC, has completed the acquisition of HVAC solutions provider HRS Hevac Ltd and spare-parts supplier HeatExchangerSpares.com from Canadian manufacturer Exchanger Industries Ltd. The deals expand Ormandy's product range and spare-parts capability, allow relocation/integration of Elland staff into Ormandy's Bradford manufacturing site, and strengthen supply-chain control and aftermarket services.

Ingersoll Rand Acquires Termomeccanica Industrial Compressors and Adicomp for ~€160M

July 1, 2025

Manufacturing

Ingersoll Rand Inc. acquired Termomeccanica Industrial Compressors S.p.A. (TMIC) and its subsidiary Adicomp S.p.A. for approximately €160 million. The businesses — Italy-based designers and manufacturers of air and gas compressors and engineered-to-order RNG solutions — will join Ingersoll Rand's Industrial Technologies and Services segment to expand capabilities in renewable natural gas and other high-growth end markets.

Ingersoll Rand to Acquire Maximus

June 28, 2021

Industrial Services

Ingersoll Rand entered into an agreement to acquire Maximus, a provider of digital controls and Industrial Internet of Things (IIoT) production management systems for the agritech market, for CAD$135.4 million in an all-cash deal. The transaction is expected to close in Q3 following required regulatory approvals, with Maximus to join Ingersoll Rand’s Precision and Science Technologies (PST) segment.

Ingersoll Rand to Acquire SPX FLOW’s Air Treatment Business

October 6, 2022

Industrial Services

Ingersoll Rand entered into an agreement to acquire SPX FLOW’s Air Treatment business for approximately $525 million in an all-cash transaction. The business makes desiccant and refrigerated compressed air dryers, filtration systems, and purifiers, with nearly 50% of revenue coming from recurring aftermarket sources. The deal is expected to close in the fourth quarter after regulatory approvals, integrating the business into Ingersoll Rand’s Industrial Technologies and Services segment.