Ingersoll Rand to Acquire Air Dimensions Inc

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 Acquires Trace Analytics, LLC

May 31, 2023

Industrial Services

Trace Analytics, LLC, which provides compressed air and gas quality analysis for manufacturing, breathing air, and medical facilities, was acquired by Ingersoll Rand. The transaction closed on May 1, 2023, and Focus Strategies served as Trace Analytics’ exclusive financial advisor.

Ingersoll Rand to Acquire Everest Group and Airmax Groupe

October 27, 2022

Industrial Services

Ingersoll Rand entered into agreements to acquire Everest Group (Everest Blowers Private Limited and Everest Blower Systems Private Limited) and Airmax Groupe for an aggregate all-cash upfront purchase price of approximately $86 million, with additional potential consideration tied to Everest financial targets. The deals are expected to close in the fourth quarter of 2022 and will expand Ingersoll Rand’s offerings and market presence, including in India and France.

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.

Ingersoll Rand to Acquire Seepex GmbH

June 21, 2021

Industrial Services

Ingersoll Rand Inc. has entered into an agreement to acquire Seepex GmbH in an all-cash transaction valued at €431.5 million. The deal is expected to close in Q3 2021, subject to regulatory approvals, and will add Seepex’s progressive cavity pump technology to Ingersoll Rand’s Precision and Science Technologies segment.

Airpax Acquires Dimensions Unlimited

July 7, 2006

Manufacturing

Airpax Corporation has acquired Dimensions Unlimited, a White Bear Lake, Minnesota manufacturer of DC-to-AC power inverters. The transaction was equity-financed by Chicago Growth Partners, Norwest Equity Partners and management; Dimensions Unlimited will join Airpax's Power Protection Products division with Dennis Getter remaining as president.