# Ingersoll Rand to acquire Roots blower business from Chart Industries for $300M

Ingersoll Rand agreed to buy Howden Roots LLC from Chart Industries for an all-cash price of about $300 million. Roots has about $115 million in revenue, and the deal is expected to close in Q3 2023 pending regulatory approvals.

- Type: Acquisition
- Announced: 2023-06-12
- Where: United States
- Value: $300.0M
- Status: announced
- Products: low-pressure compression equipment, vacuum technology, centrifugal compressors
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Chart Industries](https://endata.com/companies/1608.md) (partner)
- [Ingersoll Rand](https://endata.com/companies/1905.md) (acquirer)
- [Roots](https://endata.com/companies/10673.md) (target)
- [Howden Roots LLC](https://endata.com/companies/10676.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20230611730839/en/Ingersoll-Rand-to-Acquire-Roots-from-Chart-Industries), 2023-06-12: "has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc."
- [mdm.com](https://www.mdm.com/news/mergers-acquisitions/ingersoll-rand-to-buy-howden-roots-brand-for-300m/), 2023-06-13: "On June 12, global pumps and compressors manufacturer Ingersoll Rand announced it has agreed to acquire Howden Roots LLC from Chart Industries, Inc. for an all-cash purchase price of approximately $300 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.