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Ingersoll Rand To Acquire Roots From Chart Industries

PUBLIC · IRJun 12, 2023

Acquiring Company

Ingersoll Rand

Acquired Company

Roots

DavidsonTorontoManufacturingIndustrial Machinery ManufacturingE CommerceFashionRetailLifestyle

Description

Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) for an all-cash purchase price of approximately $300 million.

Quick answer

Ingersoll Rand is acquiring Roots, announced June 12, 2023. Ingersoll Rand is based in Davidson, North Carolina, United States.

How much did Ingersoll Rand pay for Roots?
The deal value was not disclosed.
What does Ingersoll Rand do?
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.
Where are Ingersoll Rand and Roots based?
Ingersoll Rand is based in Davidson, North Carolina, United States. Roots is based in Toronto, Ontario, Canada.
Who are the decision-makers at Ingersoll Rand?
Fundz holds 2 contacts at Ingersoll Rand. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Other recent acquisitions in Industrial Machinery Manufacturing and E Commerce

Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.

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Company Information

Company

Ingersoll Rand

Location

Davidson, North Carolina, United States

About

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.

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Frequently asked

Who acquired Roots?

Roots was acquired by Ingersoll Rand, based in Davidson. The deal was reported on June 12, 2023. 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. Ingersoll Rand is publicly traded (IR) and operates in Manufacturing.

When did Ingersoll Rand acquire Roots?

Ingersoll Rand's acquisition of Roots was reported on June 12, 2023. Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Roots do?

Established in 1973, Roots is a global lifestyle brand. It is privately held, operating in E Commerce, and is based in Toronto.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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