IR - M&A Summary and Business Overview

MachineryCompany

IR M&A Summary

IR has acquired 54 companies, including 26 in the last 5 years. A total of 9 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 22 different US states, and 13 countries. The Company’s most targeted sectors include machinery (38%) and manufacturing (30%).

IR Business Overview

Where is IR headquartered?

IR is headquartered in Davidson, North Carolina.

What is IR’s revenue?

IR disclosed revenue of 7,235M USD for 2024 and 6,816M USD for 2023.

How many employees does IR have?

IR has 18,000 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 Activity59
    • M&A Buy Activity51
    • M&A Sell Activity8
  • Total Sectors Invested 14
  • Total Countries Invested 13
  • M&A Buy/Sell Connections 21
  • M&A Advisors 7

IR

Ingersoll Rand, Inc.

800-A Beaty Street,
Davidson, North Carolina 28036
United States,
(704) 655-4000
www.irco.com

IR manufactures 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 ≤ '20 '21 '22 '23 '24 '25 T
Buy (4.4/yr) # 29 4 8 1 6 3 51
vol $12.4B $744M $645M $300M $2.3B $180M $16.6B
Sell (0.4/yr) # 6 2 - - - - 8
vol $3.6B $1.7B $5.3B
  59

Most Recent M&A

Company Date Value Type
Termomeccanica Industrial Compressors S.p.A. 2025-07-01 180M EUR Divestiture
La Spezia, Italy · www.tmic.termomeccanica.com
Lead Fluid (Baoding) Intelligent Equipment Manufacturing Co., Ltd. 2025-06-03 - Add-on Acquisition
Baoding, China · www.leadfluid.com
G&D Chillers, Inc. 2025-04-15 - Add-on Acquisition
Junction, Oregon · www.gdchillers.com
Air Power Systems Co. LLC 2024-10-01 - Add-on Acquisition
Tulsa, Oklahoma · www.apscopower.com
Blutek s.r.l. 2024-10-01 - Add-on Acquisition
Gorle, Italy · www.blutek.eu
UT Pumps & Systems Pvt. Ltd. 2024-10-01 - Add-on Acquisition
Faridabad, India · www.utpumps.com
Ethafilter Srl 2024-04-03 - Add-on Acquisition
Sovizzo, Italy · www.ethafilter.com
Controlled Fluidics 2024-04-03 - Add-on Acquisition
Milford, New Hampshire · www.controlledfluidics.com
ILC Dover, Inc. 2024-03-25 2.3B USD Add-on Acquisition
Frederica, Delaware · www.ilcdover.com
Howden Roots LLC 2023-06-12 300M USD Divestiture
Connersville, Indiana
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 19 (37%) 2.8B (17%) 2 (25%) -
Manufacturing 15 (29%) 13.2B (79%) 2 (25%) 2.4B (45%)
Business Services 3 (6%) - - -
Safety/Security 2 (4%) - 1 (13%) -
Medical Products 2 (4%) - - -
Plastics 2 (4%) - - -
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 (3%) - -
Information Technology 1 (2%) 103M (1%) - -
Leisure 1 (2%) - - -
Retail 1 (2%) - - -
Total 51 $16.6B 8 $5.3B

By Geo

State/Country Buy Value Sell Value
United States 28 15.1B 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
  South Carolina 1 - - -
  Oregon 1 - - -
  Oklahoma 1 - - -
  Ohio 1 20M - -
  North Carolina 1 525M - -
  New York 1 - - -
  New Hampshire 1 - - -
  Michigan 1 58M - -
  Massachusetts 1 - - -
  Indiana 1 300M - -
  Illinois 1 85M - -
  Delaware 1 2.3B - -
  California 1 - - -
Italy 5 352M - -
Germany 3 486M - -
Canada 2 103M - -
  Quebec 1 103M - -
  Ontario 1 - - -
China 2 - - -
France 2 90M - -
India 2 - - -
United Kingdom 2 308M - -
Czech Republic 1 - - -
Finland 1 93M - -
Ireland - - 1 -
Netherlands 1 30M - -
Spain 1 - - -
Sweden 1 10M - -
Domestic 28 (55%) 15.1B (91%) 7 (88%) 5.3B (100%)
Cross-border 23 (45%) 1.5B (9%) 1 (13%) -
Total 51 $16.6B 8 $5.3B

Top M&A Advisors

Financial Deals
PwC Corporate Finance
1
Citi
1
Delphi Advisors
1
Legal Deals
Simpson Thacher & Bartlett
2
Godfrey & Kahn
1
Gleiss Lutz
1

Deal Values

buy # Total
> $1B 3 $13.9B
$100M to $1B 8 $2.3B
< $100M 8 $457M
TOTAL $16.6B
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)
12%
6 (12%)
Strategic(s)
12%
6 (12%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
38%
3 (38%)

 Subscribe to unlock this and 215,016
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

Mergr is a user-friendly database designed to simplify the complex world of private equity and M&A for busy professionals.

We created Mergr to eliminate the challenge of tracking company acquisitions, sales, and ownership, providing clear insights into investment firms and their activities. For example, explore a company's M&A activity, ownership history, and connections - organized to help you uncover opportunities and make informed decisions.

With Mergr, gain access to a comprehensive, interconnected web of transactions, investors, companies, and advisors - all in one place.

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.7K Private Equity Firms
  • 208K M&A Transactions
  • 210K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.7K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

What next?

Get Full Access

Full access to Mergr's investor, acquirer, and transaction data starts here.

Related Lists for IR

Machinery Companies