American Industrial Partners, an operationally oriented private equity firm, agreed to acquire the High Pressure Solutions Segment of Ingersoll Rand, an American worldwide provider of industrial equipment, technologies and related parts, for $300m. "We are excited to partner with the team at HPS to advance the Company's storied history of innovation and commercialization of technologies that enable efficient energy production. AIP brings deep experience in the end markets served, as well as expertise in new product development, supply chain optimization, and operational excellence, and we look forward to working with the Company to continue to build on the strong foundation that exists today," Alex Menkhaus, AIP Partner.