Ingersoll Rand Further Enhances Air Treatment Capabilities with Two Acquisitions

Core Viewpoint - Ingersoll Rand Inc. has acquired G & D Chillers, Inc. and Advanced Gas Technologies Inc. for a total of approximately $27 million to enhance its air treatment portfolio [1]. Group 1: Acquisition Details - G & D specializes in premium glycol chillers for applications requiring sub-freezing temperatures, expanding Ingersoll Rand's manufacturing and engineering capabilities in North America [2]. - AGT is a custom designer of onsite gas generation systems, primarily serving industrial customers in Canada, adding new packaging capabilities and an established channel presence [3]. - Both companies will be integrated into Ingersoll Rand's Industrial Technologies and Services segment [3]. Group 2: Strategic Implications - The acquisitions are expected to enhance Ingersoll Rand's durable financial profile by adding complementary products and capabilities focused on high-growth, sustainable markets [7]. - The combined pre-synergy Adjusted EBITDA purchase multiple for the acquisitions is in the high-single digits, indicating a potentially favorable financial impact [7].