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Ingersoll Rand Inc. is a global leader in providing mission-critical flow creation products and industrial solutions, focusing on air, fluid, energy, and medical technologies. The company operates through two main segments: Industrial Technologies and Services, and Precision and Science Technologies, offering a wide range of compressors, pumps, vacuums, and blowers under more than 80 market-leading brands such as Ingersoll Rand and Gardner Denver . Revenue is generated from the sale of original equipment and associated aftermarket parts, consumables, and services, with the aftermarket segment representing a significant portion of their business . Ingersoll Rand's products are essential in various industries, including life sciences, food and beverage production, and clean energy, with a strong emphasis on innovation and sustainability .
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Industrial Technologies and Services - Provides a comprehensive range of compressors, pumps, vacuums, and blowers, focusing on air, fluid, and energy technologies. This segment includes the sale of original equipment and aftermarket parts, consumables, and services, ensuring critical operational uptime for customers .
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Precision and Science Technologies - Offers advanced solutions for critical applications in industries such as life sciences, food and beverage production, and clean energy. Emphasizes innovation and sustainability with products like energy-efficient compressors .
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Vicente Reynal ExecutiveBoard | Chairman of the Board, CEO, and President | Board Member at American Airlines; Board Member at Ownership Works | Vicente Reynal has led IR since 2016, driving growth and profitability. He has over 25 years of experience in corporate strategy, operations leadership, and industrial markets. | View Report → |
Elizabeth M. Hepding Executive | Senior Vice President of Strategy and Corporate Development | None | Elizabeth Hepding joined IR in 2021, bringing over 20 years of experience in M&A and strategy. She previously held leadership roles at PurposeBuilt Brands and Essendant Inc.. | |
Kathleen M. Keene Executive | Senior Vice President and Chief Human Resources Officer | None | Kathleen Keene joined IR in 2016 and became CHRO in 2021, overseeing HR and communications functions. She has led HR teams across multiple business units and regions. | |
Matt Emmerich Executive | Chief Information Officer (CIO) | None | Matt Emmerich joined IR in 2023, leading global technology strategy, operations, and cybersecurity. He previously held senior roles at Polaris. | |
Michael J. Scheske Executive | Vice President and Chief Accounting Officer | None | Michael J. Scheske is the Principal Accounting Officer at IR, responsible for financial reporting and compliance. No additional details are available. | |
Michael Weatherred Executive | Senior Vice President of IR Execution Excellence (IRX) and Business Excellence | None | Michael Weatherred joined IR in 2018, leading operational efficiency initiatives and previously holding roles at Danaher, Honeywell, and Black & Decker. | |
Santiago Arias Duval Executive | Leader of Precision and Science Technologies (P&ST) | None | Santiago Arias Duval joined IR in 2017 and has led multiple business segments, driving growth and acquisitions in the P&ST segment. | |
Vikram Kini Executive | Senior Vice President and Chief Financial Officer (CFO) | None | Vikram Kini has been CFO since 2020, overseeing financial planning and compliance. He joined Gardner Denver in 2011 and held various finance leadership roles before becoming CFO. | |
Gary D. Forsee Board | Director | Board Member at Trane Technologies | Gary Forsee joined IR's Board in 2020, leveraging his experience as a former CEO of Sprint and President of the University of Missouri System. | |
Jennifer Hartsock Board | Director | Chief Information and Digital Officer at Cargill, Inc.; Board Member at Trane Technologies; Board Member at Thomson Reuters | Jennifer Hartsock joined IR's Board in 2023, bringing expertise in digital transformation and global manufacturing. | |
JoAnna L. Sohovich Board | Director | Chair of the Board of Directors for Chamberlain Group; Board Member at Barnes Group Inc.; Board Member for the U.S. Naval Academy Foundation | JoAnna Sohovich joined IR's Board in 2023, bringing expertise in IoT, digital transformation, and strategic growth initiatives. | |
John Humphrey Board | Director | Board Member at EnPro Industries, Inc.; Board Member at O-I Glass, Inc. | John Humphrey has been on IR's Board since 2018, contributing financial and operational expertise from his leadership roles at Roper Technologies and Honeywell. | |
Julie A. Schertell Board | Director | President and CEO of Mativ Holdings, Inc.; Board Member at Mativ Holdings, Inc. | Julie Schertell joined IR's Board in 2023, bringing expertise in accounting, finance, and acquisition integration from her leadership roles at Mativ and Neenah, Inc.. | |
Kirk E. Arnold Board | Director | Board Member at Trane Technologies; Board Member at Thomson Reuters; Board Member at The Predictive Index; Board Member at Housecall Pro | Kirk Arnold joined IR's Board in 2020, bringing extensive management experience and expertise in digital transformation and strategy. | |
Marc E. Jones Board | Director | Chairman, President, and CEO of Aeris Communications, Inc.; Board Member at CDW Corporation; Board Member at Stanford University; Chair of the Board at Stanford Healthcare | Marc Jones joined IR's Board in 2018, bringing expertise in technology, finance, and law, with a focus on IoT and digital innovation. | |
Mark P. Stevenson Board | Director | Senior Advisor at General Atlantic; Senior Partner at Flagship Pioneering | Mark Stevenson joined IR's Board in 2022, contributing expertise in life sciences, medical markets, and machine learning systems. | |
Tony L. White Board | Director | Board Member at Trane Technologies | Tony White joined IR's Board in 2020, bringing extensive leadership experience as a former CEO of Applied Biosystems. He plans to retire at the end of his current term in 2025. | |
William P. Donnelly Board | Lead Director | Board Member at Quanterix Corporation; Board Member at T. Rowe Price Group, Inc. | William Donnelly has been on IR's Board since 2017, providing financial and strategic expertise from his leadership roles at Mettler-Toledo and other companies. |
- "With the delays in mega-projects due to EPC capacity constraints and site readiness issues pushing some projects into 2025, how confident are you in meeting your revenue guidance for the next year, and what strategies are you implementing to mitigate these delays? "
- "Given that you decided to walk away from a potential $1 billion acquisition, can you elaborate on the reasons behind this decision and how it aligns with your disciplined approach to M&A and exceeding your inorganic revenue targets? "
- "Organic orders declined by 1% in Q2, and with an increasingly challenging macroeconomic environment, what specific initiatives are you pursuing to drive order growth and ensure your backlog converts to revenue in the back half of the year? "
- "Your gross interest expense is expected to increase from approximately $215 million in 2024 to about $260 million in 2025; how will this rising expense affect your capital allocation priorities, particularly regarding bolt-on acquisitions and maintaining investment-grade status? "
- "You've mentioned an elongation in the velocity of projects through the funnel; what steps are you taking to accelerate project execution, and do you foresee any impact on your win rates or overall financial performance because of this elongation? "
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
The industrial end-markets served are competitive, with an increasing focus on product quality, performance, energy efficiency, customer service and local presence. Although there are several large manufacturers of compression, vacuum and blower products, the marketplace for these products remains highly fragmented due to the wide variety of product technologies, applications and selling channels. | |
The industrial end-markets served are competitive, with an increasing focus on product quality, performance, energy efficiency, customer service and local presence. Although there are several large manufacturers of compression, vacuum and blower products, the marketplace for these products remains highly fragmented due to the wide variety of product technologies, applications and selling channels. | |
The industrial end-markets served are competitive, with an increasing focus on product quality, performance, energy efficiency, customer service and local presence. Although there are several large manufacturers of compression, vacuum and blower products, the marketplace for these products remains highly fragmented due to the wide variety of product technologies, applications and selling channels. | |
Kaeser Compressors | The industrial end-markets served are competitive, with an increasing focus on product quality, performance, energy efficiency, customer service and local presence. Although there are several large manufacturers of compression, vacuum and blower products, the marketplace for these products remains highly fragmented due to the wide variety of product technologies, applications and selling channels. |
Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. | |
Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. | |
KNF Neuberger | Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. |
Netzsch | Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. |
Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. | |
Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. | |
Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. | |
Watson-Marlow | Competition in the markets served by the Precision and Science Technologies segment is primarily based on product quality and performance, as most products must be qualified by the customer for a particular use. Further, there is an increasing demand for more efficient healthcare solutions, which is driving the adoption of premium and high performance systems. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Several Sales and Service Businesses | 2024 | Aggregate consideration of $14.0 million paid to acquire multiple sales and service businesses within the Industrial Technologies and Services segment to expand Ingersoll Rand’s offerings. |
ILC Dover | 2024 | Acquired for an upfront $2.325 billion in cash with up to $75.0 million contingent consideration, this deal expands the Precision and Science Technologies segment with innovative technologies for the life sciences market and recurring revenue advantages. |
Del PD Pumps & Gear Pvt Ltd. (Del Pumps) | 2024 | Completed on June 1, 2024, for $25.2 million in cash, this acquisition of a rotary, twin, and triple gear pump manufacturer strengthens Ingersoll Rand’s high‐margin pumping solutions across various industries. |
Complete Air and Power Solutions (CAPS) | 2024 | Acquired on May 31, 2024 with a cash consideration reported as either $96.7 million or $99.4 million, CAPS enhances distribution and service capabilities in Australia through access to an extensive installed base and robust field network. |
Fruvac Ltd. (Fruitland Manufacturing) | 2024 | Purchased on May 31, 2024 for $28.3 million in cash, Fruvac Ltd. is a manufacturer of mobile and truck‐mounted vacuum pumps, adding low‐flow application capabilities in the mobile vacuum segment. |
Air Systems, LLC | 2024 | Completed on May 1, 2024 for $35.2 million in cash, this acquisition of a compressed air services provider contributes to the Industrial Technologies and Services segment. |
Ethafilter s.r.l. | 2024 | Acquired on April 2, 2024 for $15.6 million in cash, Ethafilter produces filters and filter elements for the compressed air market, expanding the product portfolio with sterile filter technology and aftermarket growth potential. |
Controlled Fluidics, LLC | 2024 | Completed on April 1, 2024 for an initial $49.9 million in cash plus up to $2.0 million in contingent consideration, this deal adds high-performance thermoplastic bonding and custom assembly capabilities to bolster Ingersoll Rand’s life sciences offerings. |
Manufacturer of Vacuum Pumps and Accessories | 2024 | Acquired in Q1 2024 with an aggregate consideration of $1.4 million, this acquisition is consolidated within the Industrial Technologies and Services segment and contributed to Q1 revenue and operating income figures. |
Other Smaller Acquisitions (Sales and Service Businesses) | 2023 | In 2023, a group of smaller sales and service business acquisitions was completed for an aggregate cash consideration of $43.1 million, with the transactions allocated across several asset categories within the Industrial Technologies and Services segment. |
Howden Roots LLC (Roots) | 2023 | Completed on August 18, 2023 for $291.9 million in cash, this acquisition bolsters Ingersoll Rand’s blower technology portfolio with a historic, iconic brand and includes $100.3 million in goodwill arising from expected revenue and cost synergies. |
EcoPlant Technological Innovation Ltd. (EcoPlant) | 2023 | Purchased on April 1, 2023 for an initial $29.5 million in cash plus up to $17.0 million contingent, EcoPlant’s SaaS platform optimizes compressed air systems for 15%-20% energy savings, aligning with the firm’s digitalization and sustainability strategy. |
Paragon Tank Truck Equipment (Paragon) | 2023 | Acquired on February 1, 2023 for $42.2 million in cash, Paragon supplies specialized loading and unloading solutions for tank trucks in industrial settings, complementing Ingersoll Rand’s niche market offerings in sectors such as food, beverage, and pharmaceuticals. |
SPX FLOW’s Air Treatment Business | 2023 | Completed on January 3, 2023 for $519.0 million in cash, this acquisition of a manufacturer of desiccant/dried air systems and filtration components strengthens core compressor components and includes significant goodwill attributed to expected synergies. |
Westwood Technical Limited | 2022 | Acquired in 2022 for $8.1 million in cash plus up to $9.3 million contingent, this UK‐based control and instrumentation specialist with advanced IIoT capabilities augments Ingersoll Rand’s Precision and Science Technologies segment. |
Holtec Gas Systems LLC | 2022 | Completed in Q3 2022 for $12.6 million in cash, Holtec manufactures on-site nitrogen generation systems that integrate into the compressor ecosystem, delivering sustainability benefits and tax‐advantaged goodwill. |
Hydro Prokav Pumps (India) Private Limited | 2022 | Acquired for $14.0 million in cash, this manufacturer of retrofit spare parts and progressive cavity pumps enhances the aftermarket and service offerings within the Precision and Science Technologies segment, particularly in the growing Indian market. |
Houdstermaatschappij Jorc B.V. (Jorc) | 2022 | Acquired in Q1 2022 for a cash consideration reported as either $27.1 million or $30.1 million, the deal is recognized in the Industrial Technologies and Services segment with most of the value attributed to goodwill and intangible assets from subsequent operating contributions. |
Sales and Services Businesses in Europe | 2022 | In 2022, two European sales and services businesses were acquired for an aggregate of $6.4 million in cash, enhancing the Industrial Technologies and Services portfolio with positive revenue and operating income contributions in subsequent reporting periods. |
Recent press releases and 8-K filings for IR.
- Order growth surged by 10% with organic orders increasing by 3.3% and a record free cash flow of $223 million in Q1 2025.
- The company continued its disciplined M&A strategy with multiple bolt-on acquisitions and has authorized an additional $1 billion toward share repurchases, targeting up to $750 million by year-end.
- Guidance remains consistent with prior expectations, as the firm takes a prudent approach by offsetting favorable factors with a 4% reduction in organic volume and managing an estimated $150 million tariff impact through pricing actions.