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Ingersoll Rand Accelerates Value Creation Through Continued M&A, Announces New Acquisition

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Ingersoll Rand (NYSE:IR) has announced the acquisition of Termomeccanica Industrial Compressors S.p.A. (TMIC) and its subsidiary Adicomp S.p.A. for approximately �160 million. The acquisition strengthens Ingersoll Rand's position in the industrial compressor and renewable natural gas (RNG) markets.

TMIC brings over 100 years of experience in air and gas compressor design and production, while Adicomp specializes in engineered-to-order solutions for the RNG industry. Both Italy-based companies have an established presence in North America and recent expansions into Brazil and India. The acquired businesses will be integrated into Ingersoll Rand's Industrial Technologies and Services (IT&S) segment.

The deal was executed at a low-double-digit multiple, with expected post-synergy multiple reduction to mid-to-high single digits. This acquisition aligns with Ingersoll Rand's strategy of targeted bolt-on acquisitions and demonstrates their ability to establish partnerships with family-owned businesses.

Ingersoll Rand (NYSE:IR) ha annunciato l'acquisizione di Termomeccanica Industrial Compressors S.p.A. (TMIC) e della sua controllata Adicomp S.p.A. per circa 160 milioni di euro. Questa operazione rafforza la posizione di Ingersoll Rand nei mercati dei compressori industriali e del gas naturale rinnovabile (RNG).

TMIC vanta oltre 100 anni di esperienza nella progettazione e produzione di compressori per aria e gas, mentre Adicomp è specializzata in soluzioni su misura per l'industria RNG. Entrambe le aziende italiane sono ben radicate in Nord America e si sono recentemente espanse in Brasile e India. Le società acquisite saranno integrate nel segmento Industrial Technologies and Services (IT&S) di Ingersoll Rand.

L'accordo è stato concluso a un multiplo basso a due cifre, con una riduzione prevista del multiplo post-sinergie verso valori medi-alti a cifra singola. Questa acquisizione è in linea con la strategia di Ingersoll Rand di acquisizioni mirate e dimostra la loro capacità di instaurare partnership con aziende a conduzione familiare.

Ingersoll Rand (NYSE:IR) ha anunciado la adquisición de Termomeccanica Industrial Compressors S.p.A. (TMIC) y su subsidiaria Adicomp S.p.A. por aproximadamente 160 millones de euros. Esta adquisición fortalece la posición de Ingersoll Rand en los mercados de compresores industriales y gas natural renovable (RNG).

TMIC aporta más de 100 años de experiencia en el diseño y producción de compresores de aire y gas, mientras que Adicomp se especializa en soluciones a medida para la industria RNG. Ambas empresas con sede en Italia tienen una presencia consolidada en Norteamérica y recientes expansiones en Brasil e India. Las empresas adquiridas se integrarán en el segmento de Tecnologías y Servicios Industriales (IT&S) de Ingersoll Rand.

El acuerdo se ejecutó a un múltiplo bajo de dos dígitos, con una reducción esperada del múltiplo post-sinergias a cifras medias-altas de un solo dígito. Esta adquisición está alineada con la estrategia de Ingersoll Rand de adquisiciones selectivas y demuestra su capacidad para establecer asociaciones con empresas familiares.

잉거솔랜� (NYSE:IR)가 � 1� 6천만 유로� Termomeccanica Industrial Compressors S.p.A. (TMIC)와 자회� Adicomp S.p.A.� 인수했다� 발표했습니다. 이번 인수� 잉거솔랜드는 산업� 압축� � 재생 천연가�(RNG) 시장에서� 입지� 강화했습니다.

TMIC� 공기 � 가� 압축� 설계와 생산에서 100� 이상� 경험� 보유하고 있으�, Adicomp� RNG 산업� 위한 맞춤� 솔루션을 전문으로 합니�. � 이탈리아 기반 기업은 북미� 확고� 입지� 가지� 있으� 최근 브라질과 인도� 사업� 확장했습니다. 인수� 기업들은 잉거솔랜드의 산업 기술 � 서비�(IT&S) 부문에 통합� 예정입니�.

이번 거래� 낮은 � 자릿� 배수� 진행되었으며, 시너지 효과 � 배수� 중상� 단일 자리 숫자� 감소� 것으� 예상됩니�. 이번 인수� 잉거솔랜드의 목표 지향적 추가 인수 전략� 가� 경영 기업과의 파트너십 구축 능력� 보여줍니�.

Ingersoll Rand (NYSE:IR) a annoncé l'acquisition de Termomeccanica Industrial Compressors S.p.A. (TMIC) et de sa filiale Adicomp S.p.A. pour environ 160 millions d'euros. Cette acquisition renforce la position d'Ingersoll Rand sur les marchés des compresseurs industriels et du gaz naturel renouvelable (RNG).

TMIC bénéficie de plus de 100 ans d'expérience dans la conception et la production de compresseurs d'air et de gaz, tandis qu'Adicomp est spécialisée dans les solutions sur mesure pour l'industrie du RNG. Ces deux entreprises basées en Italie disposent d'une présence établie en Amérique du Nord et se sont récemment étendues au Brésil et en Inde. Les sociétés acquises seront intégrées au segment Technologies et Services Industriels (IT&S) d'Ingersoll Rand.

La transaction a été réalisée à un multiple bas à deux chiffres, avec une réduction attendue du multiple post-synergies vers des valeurs moyennes à élevées à un chiffre. Cette acquisition s'inscrit dans la stratégie d'Ingersoll Rand d'acquisitions ciblées et démontre leur capacité à établir des partenariats avec des entreprises familiales.

Ingersoll Rand (NYSE:IR) hat die Übernahme von Termomeccanica Industrial Compressors S.p.A. (TMIC) und deren Tochtergesellschaft Adicomp S.p.A. für rund 160 Millionen Euro bekannt gegeben. Die Übernahme stärkt Ingersoll Rands Position im Markt für Industriekompressoren und erneuerbares Erdgas (RNG).

TMIC bringt über 100 Jahre Erfahrung im Design und der Produktion von Luft- und Gaskompressoren mit, während Adicomp auf maßgeschneiderte Lösungen für die RNG-Branche spezialisiert ist. Beide in Italien ansässigen Unternehmen sind in Nordamerika etabliert und haben kürzlich ihre Präsenz in Brasilien und Indien ausgeweitet. Die übernommenen Unternehmen werden in Ingersoll Rands Segment Industrial Technologies and Services (IT&S) integriert.

Der Deal wurde zu einem niedrigen zweistelligen Vielfachen abgeschlossen, mit einer erwarteten Reduzierung des Vielfachen nach Synergien auf mittlere bis hohe einstellige Werte. Diese Übernahme entspricht Ingersoll Rands Strategie gezielter Ergänzungsakquisitionen und zeigt ihre Fähigkeit, Partnerschaften mit familiengeführten Unternehmen einzugehen.

Positive
  • Strategic acquisition valued at �160 million expands core capabilities in air and gas compressors
  • Geographic expansion through TMIC/Adicomp's presence in North America, Brazil, and India
  • Attractive valuation with low-double-digit multiple expected to decrease to mid-to-high single digits post-synergy
  • Enhancement of RNG gas-ends and packaging capabilities through acquired expertise
  • Integration into existing IT&S segment strengthens service offerings
Negative
  • None.

Insights

IR's �160M acquisition of TMIC/Adicomp strengthens renewable gas capabilities with attractive valuation multiples and clear strategic alignment.

This �160 million acquisition of TMIC/Adicomp represents Ingersoll Rand's continued execution of its bolt-on acquisition strategy in the industrial flow and compressor markets. The transaction's economics are particularly noteworthy - purchased at a low-double-digit multiple with expected post-synergy multiple in the mid-to-high single digits, suggesting substantial value creation potential through integration efficiencies.

The strategic rationale centers on enhancing Ingersoll Rand's capabilities in the renewable natural gas (RNG) sector, which the company identifies as a high-growth end market. TMIC brings over a century of specialized experience in air and gas compressors, while Adicomp provides engineered-to-order solutions specifically for the RNG industry - both complementing IR's Industrial Technologies and Services segment.

From a geographical perspective, this acquisition expands Ingersoll Rand's footprint beyond the targets' Italian headquarters, with operations in North America and strategic presence in emerging markets (Brazil and India). This diversification strengthens IR's global positioning in industrial and renewable energy applications.

The transaction highlights Ingersoll Rand's distinct approach to M&A, described as their "M&A flywheel" with "proprietary partnerships with family-owned businesses." This suggests IR has developed a competitive advantage in sourcing deals outside traditional auction processes, potentially enabling more favorable acquisition terms and less competitive bidding situations.

The systematic approach to these bolt-on acquisitions demonstrates a repeatable, disciplined capital allocation strategy focused on enhancing core capabilities while expanding into adjacent growth markets - precisely what we see with this TMIC/Adicomp transaction.

  • Continues the company’s disciplined capital allocation strategy of targeted bolt-on acquisitions and proven ability to build trusted, proprietary partnerships with family-owned businesses
  • Acquisition expands Ingersoll Rand competencies and capabilities in high-growth end markets
  • Purchase made at an attractive low-double-digit multiple with expected post-synergy multiple in the mid-to-high single digits

DAVIDSON, N.C., July 01, 2025 (GLOBE NEWSWIRE) -- Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired Termomeccanica Industrial Compressors S.p.A. (“TMIC�) and its subsidiary Adicomp S.p.A. (“Adicomp�) (collectively “TMIC/Adicomp�) with a purchase price of approximately �160 million.

TMIC is an international leader in the design and production of air and gas compressors with over 100 years of experience and innovation. Its subsidiary Adicomp provides engineered-to-order (ETO) solutions in the renewable natural gas (RNG) industry. TMIC/Adicomp are based in Italy, with an existing presence in North America and recent expansion into Brazil and India, and improve the company’s RNG gas-ends and packaging presence. The businesses will join the Industrial Technologies and Services (IT&S) segment.

“TMIC/Adicomp are leading businesses in their respective industries, and today we welcome them to Ingersoll Rand,� said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “These companies strengthen our core capabilities and broaden our service offerings, enabling us to deliver greater value to our customers while advancing our long-term growth strategy for shareholders. Additionally, these companies reflect the strength of our M&A flywheel and reaffirm our ability to partner with family-owned businesses on a proprietary basis.�

About Ingersoll Rand Inc.

Ingersoll Rand Inc. (NYSE: IR), driven by an entrepreneurial spirit and ownership mindset, is dedicated to Making Life Better for our employees, customers, shareholders, and planet. Customers lean on us for exceptional performance and durability in mission-critical flow creation and life science and industrial solutions. Supported by over 80+ respected brands, 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.

Forward-Looking Statements
This news release contains “forward-looking statements� within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to Ingersoll Rand Inc.’s (the “Company� or “Ingersoll Rand�) expectations regarding the performance of its business, its financial results, its liquidity and capital resources and other non-historical statements. These forward-looking statements generally are identified by the words “believe,� “project,� “expect,� “anticipate,� “estimate,� “forecast,� “outlook,� “target,� “endeavor,� “seek,� “predict,� “intend,� “strategy,� “plan,� “may,� “could,� “should,� “will,� “would,� “will be,� “on track to,� “will continue,� “will likely result,� “guidance� or the negative thereof or variations thereon or similar terminology generally intended to identify forward-looking statements. All statements other than historical facts are forward-looking statements.

These forward-looking statements are based on Ingersoll Rand’s current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from these current expectations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. The inclusion of such statements should not be regarded as a representation that such plans, estimates, or expectations will be achieved. Important factors that could cause actual results to differ materially from such plans, estimates or expectations include, among others, (1) adverse impact on our operations and financial performance due to natural disaster, catastrophe, global pandemics (including COVID-19), geopolitical tensions, cyber events, or other events outside of our control; (2) unexpected costs, charges, or expenses resulting from completed and proposed business combinations; (3) uncertainty of the expected financial performance of the Company; (4) failure to realize the anticipated benefits of completed and proposed business combinations; (5) the ability of the Company to implement its business strategy; (6) difficulties and delays in achieving revenue and cost synergies; (7) inability of the Company to retain and hire key personnel; (8) evolving legal, regulatory, and tax regimes; (9) changes in general economic and/or industry specific conditions; (10) actions by third parties, including government agencies; and (11) other risk factors detailed in Ingersoll Rand’s most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission (the “SEC�), as such factors may be updated from time to time in its periodic filings with the SEC, which are available on the SEC’s website at. The foregoing list of important factors is not exclusive.

Any forward-looking statements speak only as of the date of this release. Ingersoll Rand undertakes no obligation to update any forward-looking statements, whether as a result of new information or development, future events or otherwise, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

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FAQ

What companies did Ingersoll Rand (NYSE:IR) acquire in July 2025?

Ingersoll Rand acquired Termomeccanica Industrial Compressors S.p.A. (TMIC) and its subsidiary Adicomp S.p.A. for �160 million.

How much did Ingersoll Rand pay for the TMIC/Adicomp acquisition?

Ingersoll Rand paid approximately �160 million for the acquisition of TMIC and Adicomp.

What markets will the TMIC/Adicomp acquisition strengthen for Ingersoll Rand?

The acquisition strengthens Ingersoll Rand's presence in air and gas compressors and the renewable natural gas (RNG) industry, particularly in gas-ends and packaging capabilities.

What is the geographic presence of TMIC/Adicomp?

TMIC/Adicomp are based in Italy with existing operations in North America and recent expansions into Brazil and India.

Which Ingersoll Rand segment will TMIC/Adicomp join?

TMIC/Adicomp will join Ingersoll Rand's Industrial Technologies and Services (IT&S) segment.
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Specialty Industrial Machinery
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