Ingersoll Rand to Acquire ILC Dover From New Mountain Capital
March 25, 2024
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.
- Buyers
- Ingersoll Rand Inc.
- Targets
- ILC Dover
- Sellers
- New Mountain Capital, LLC
- Industry
- Medical Devices
- Location
- United States
- Transaction Type
- Buyout
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