Ingersoll Rand to Acquire Everest Group and Airmax Groupe
October 27, 2022
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.
- Buyers
- Ingersoll Rand Inc.
- Targets
- Everest Blowers Private Limited, Everest Blower Systems Private Limited, Airmax Groupe
- Industry
- Industrial Services
- Location
- India
- Transaction Type
- Buyout
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