Ingersoll-Rand (IR) Closes Friulair Acquisition
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Ingersoll Rand Acquires Friulair to Expand Air Treatment Capabilities
February 1, 2024 8:30 AM ESTIncreases scale of air dryer business and adds new chiller and heat pump technologies and production capabilities Enhances penetration of food and beverage and pharmaceutical end markets Attractive low double-digit Adjusted EBITDA purchase multiple, which is expected to be reduced to mid-single digits by year three of ownership after realization of expected synergies and deployment of Ingersoll Rand Execution Excellence (IRX)
DAVIDSON, N.C.--(BUSINESS WIRE)-- Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, closed... More
