Ingersoll Rand To Acquire Everest Group And Airmax Groupe
10/27/22, 10:32 AM
Location
davidsonIngersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into agreements to acquire Everest Blowers Private Limited and Everest Blower Systems Private Limited (collectively, “Everest Group”) and Airmax Groupe (“Airmax”) for a combined all-cash upfront purchase price of approximately $86 million with additional potential consideration based on achievement of Everest financial targets.
Company Info
Location
Davidson, North Carolina, United States
Company info
Ingersoll Rand Inc. (NYSE:IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to helping make life better for our employees, customers and communities. Customers lean on us for our technology-driven excellence in mission-critical flow creation and industrial solutions across 40+ respected brands where our products and services excel in the most complex and harsh conditions. Our employees develop customers for life through their daily commitment to expertise, productivity and efficiency. For more information, visit www.IRCO.com.