# Ingersoll Rand to merge industrial unit into Gardner Denver, focusing on Trane and Thermo King

Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.

- Type: Acquisition
- Announced: 2019-04-26
- Where: United States
- Value: $1.90B
- Status: announced
- Products: air compressors, pumps, fluid handling systems, materials handling systems, HVAC and refrigeration equipment
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md), [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md)
- [Carlyle Group](https://endata.com/companies/458.md) (partner)
- [Gardner Denver](https://endata.com/companies/614.md) (acquirer)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (partner)
- [Precision Flow Systems](https://endata.com/companies/4595.md) (target)
- [BC Partners](https://endata.com/companies/4596.md) (partner)

## Sources

- [coolingpost.com](https://www.coolingpost.com/world-news/ir-spin-off-gives-focus-to-trane-and-thermo-king/), 2019-04-30: "The agreement announced today will see Ingersoll Rand's air compressor, pumps, and fluid and materials handling systems business merge with US industrial equipment company Gardner Denver."
- [worldpumps.com](https://www.worldpumps.com/content/news/ingersoll-rand-completes-acquisition-of-precision-flow-systems), 2019-05-16: "Ingersoll-Rand plc has completed its US$1.45 billion acquisition of Precision Flow Systems from funds advised by BC Partners Advisors LP and The Carlyle Group."
- [hpmag.co.uk](https://hpmag.co.uk/tag/acquisition/page/2/), 2020-05-18: "Ingersoll-Rand plc has made a binding offer to acquire Precision Flow Systems (PFS) from funds advised by BC Partners Advisors L.P. and The Carlyle Group."
- [bwlegalworld.com](https://www.bwlegalworld.com/article/deal-closed-ingersoll-rand-plc-and-its-affiliates-internal-restructuring-and-acquisition-advisory-338934), 2020-11-03: "Khaitan & Co advised Ingersoll-Rand Plc and its affiliates in the merger of its global industrial business with Gardner Denver Holdings, Inc. for an aggregate consideration of USD 1.9 billion in cash and a majority stake in the resulting merged entity."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.