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Ingersoll Rand agreed to sell its industrial division, including Precision Flow Systems, to Gardner Denver in a transaction valued at $7.7 billion, as reported in a mid-2019 fluid handling M&A review.
Ingersoll Rand completed its acquisition of Precision Flow Systems from BC Partners Advisors and the Carlyle Group in a transaction valued at $1.45 billion, as reported in a mid-2019 fluid handling M&A review.
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.
Ingersoll-Rand announced it is acquiring Precision Flow Systems from funds advised by BC Partners and Carlyle Group for $1.45 billion, its largest deal since 2007.
Ingersoll Rand has made a binding offer to acquire Precision Flow Systems from BC Partners and The Carlyle Group for $1.45 billion. PFS makes fluid management systems and has about 1,000 employees and seven global plants.
