Ingersoll Rand to Acquire Everest Group and Airmax Groupe

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 Acquires Air Dimensions Inc.

October 28, 2021

Manufacturing

Ingersoll Rand Inc. agreed to acquire Air Dimensions Inc. for $70.5 million in an all-cash transaction that closed Oct. 29, 2021, adding the vacuum diaphragm pump maker to its Precision and Science Technologies segment. Air Dimensions, a family‑owned manufacturer based in Deerfield Beach, Florida, supplies pumps for emission monitoring, biogas, utility and chemical processes; owners Greg and David English plan to retire after a transition period.

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 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 APSCO, Blutek and UT Pumps in $135M Bolt-on Deal

October 2, 2024

Manufacturing

Ingersoll Rand Inc. acquired Air Power Systems Co., LLC (APSCO), Blutek s.r.l., and UT Pumps & Systems Private Limited in bolt-on transactions for a combined purchase price of approximately $135 million. The acquisitions add more than $50 million of combined revenue and expand Ingersoll Rand's pump, compressor and fluid-handling technologies and aftermarket capabilities across the United States, Italy and India.

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.