IR - M&A Summary, Ownership, and Business Overview

MachineryCompany

IR M&A Summary

IR has acquired 43 companies of its own, including 17 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 8 assets.

IR’s largest acquisition to date was in 2008, when it acquired Trane for $10.1B. It’s largest disclosed sale occurred in 2021, when it sold Club Car to Platinum Equity for $1.7B. IR has acquired in 18 different US states, and 13 countries. The Company’s most targeted sectors include machinery (36%) and manufacturing (29%).

IR Ownership

Who owns IR?

IR is owned by KKR. It was acquired on July 30, 2013.

Is IR PE-backed?

Yes. IR is owned by private equity investor KKR.

IR Business Overview

Where is IR headquartered?

IR is headquartered in Davidson, North Carolina.

What is IR’s revenue?

IR disclosed revenue of 5,916M USD for 2022 and 5,152M USD for 2021.

How many employees does IR have?

IR has 17,000 employees.

What sector is IR in?

IR is a machinery company.

When was IR founded?

IR was founded in 1859.

M&A Summary

  • M&A Total Activity50
    • M&A Buy Activity42
    • M&A Sell Activity8
  • Total Sectors Invested 13
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 16
  • M&A Advisors 7

IR

Ingersoll Rand Inc.

525 Harbour Place Drive Suite 600,
Davidson, North Carolina 28036
United States,
(704) 655-4000
www.irco.com

IR is a manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for various industrial, medical, environmental, transportation and process applications, pumps used in the petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry break couplers, serving chemical, petroleum and food industries. IR was founded in 1859 and is based in Davidson, Wisconsin.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 27 2 4 8 1 - 42
vol $12.2B $184M $744M $645M $300M $14.1B
Sell (0.4/yr) # 6 - 2 - - - 8
vol $3.6B $1.7B $5.3B
  50

Most Recent M&A

Company Date Value Type
Howden Roots LLC 2023-06-12 300M USD Divestiture
Connersville, Indiana
SPX FLOW - Air Treatment Business 2022-10-06 525M USD Divestiture
Charlotte, North Carolina
Dosatron International S.A.S. 2022-10-03 90M USD Add-on Acquisition
Tresses, France · www.dosatron.com
Pedro Gil Construcciones Mecánicas SL 2022-09-13 - Add-on Acquisition
Barcelona, Spain · www.pedrogil.com
Westwood Technical Ltd. 2022-09-13 - Add-on Acquisition
Holmfirth, United Kingdom · www.westwoodtec.com
Shanghai Hanye Air Purifying Technology Co., Ltd. 2022-08-01 - Add-on Acquisition
Shanghai, China · www.hanye-air.com
Holtec Gas Systems LLC 2022-08-01 - Add-on Acquisition
Saint Charles, Missouri · www.holtecllc.com
Hydro Prokav Pumps India Pvt Ltd. 2022-08-01 - Add-on Acquisition
Coimbatore, India · www.hppumps.com
Houdstermaatschappij Jorc B.V. 2022-02-02 30M EUR Add-on Acquisition
Heerlen, Netherlands · www.jorc.eu
Tuthill Pump Group 2021-11-02 85M USD Divestiture
Alsip, Illinois
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Trane, Inc. 2008-06-05 Arctic Chiller Group Ltd. 2019-09-13 1
Piscataway, New Jersey · www.trane.com Brampton, Ontario · www.arcticchillergroup.com

M&A by Sector

Sector Buy # Value Sell # Value
Machinery 15 (36%) 2.8B (20%) 2 (25%) -
Manufacturing 12 (29%) 10.7B (76%) 2 (25%) 2.4B (45%)
Business Services 3 (7%) - - -
Safety/Security 2 (5%) - 1 (13%) -
Medical Products 2 (5%) - - -
Automotive 1 (2%) - 1 (13%) 1.7B (32%)
Energy Services and Equipment 1 (2%) - 1 (13%) 1.2B (23%)
Technology Hardware 1 (2%) - 1 (13%) -
Chemicals 1 (2%) - - -
Electrical Equipment 1 (2%) 525M (4%) - -
Information Technology 1 (2%) 103M (1%) - -
Leisure 1 (2%) - - -
Retail 1 (2%) - - -
Total 42 $14.1B 8 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 24 12.8B 7 5.3B
  New Jersey 4 10.1B - -
  Florida 3 71M - -
  Texas 1 - 2 1.2B
  Missouri 2 184M - -
  Montana 1 - 1 1.5B
  Kentucky 1 - 1 -
  Georgia 1 - 1 1.7B
  Connecticut 1 - 1 840M
  New York 1 - - -
  Michigan 1 58M - -
  Massachusetts 1 - - -
  Indiana 1 300M - -
  Illinois 1 85M - -
  California 1 - - -
  South Carolina 1 - - -
  Ohio 1 20M - -
  North Carolina 1 525M - -
Germany 3 486M - -
Canada 2 103M - -
  Quebec 1 103M - -
  Ontario 1 - - -
France 2 90M - -
Italy 2 171M - -
United Kingdom 2 308M - -
China 1 - - -
Czech Republic 1 - - -
Finland 1 93M - -
India 1 - - -
Ireland - - 1 -
Netherlands 1 30M - -
Spain 1 - - -
Sweden 1 10M - -
Domestic 24 (57%) 12.8B (91%) 7 (88%) 5.3B (100%)
Cross-border 18 (43%) 1.3B (9%) 1 (13%) -
Total 42 $14.1B 8 $5.3B

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
1
Citigroup Investment Banking
1
Delphi Advisors GmbH
1
Legal Deals
Simpson Thacher & Bartlett
2
Godfrey & Kahn S.C.
1
Gleiss Lutz
1

Deal Values

buy # Total
> $1B 2 $11.6B
$100M to $1B 7 $2.1B
< $100M 8 $457M
TOTAL $14.1B
Largest Trane, Inc.
$10.1B (2008-06-05)
sell # Total
> $1B 3 $4.4B
$100M to $1B 1 $840M
TOTAL $5.3B
Largest Club Car LLC
$1.7B (2021-04-12)

M&A Connections

Deals
Acquired from
Investor(s)
10%
4 (10%)
Strategic(s)
12%
5 (12%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

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