# Ingersoll Rand acquires Paragon Tank Truck Equipment for about $40M

Ingersoll Rand Inc. bought Paragon Tank Truck Equipment, a Catersville, Georgia maker of blowers and pumps for tank truck loading, in an all-cash deal of about $40 million. Paragon has around 55 employees and revenue above $25 million.

- Type: Acquisition
- Announced: 2023-02-01
- Where: Catersville, Georgia, United States
- Value: $40.0M
- Status: completed
- Products: pneumatic blowers, stationary pump packages, tank truck loading equipment
- Sectors: [Pumps and Valves](https://endata.com/sectors/pumps-valves.md), [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Paragon Tank Truck Equipment](https://endata.com/companies/10193.md) (target)

## Sources

- [ec-ma.com](https://www.ec-ma.com/paragon-tank-truck-equipment-has-been-sold-to-ingersoll-rand/), 2023-02-01: "Paragon Tank Truck Equipment has been sold to Ingersoll Rand Inc. [NYSE: IR] for an all-cash purchase price of approximately $40 million."

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