Announced
Completed
Financials
Tags
refrigeration systems
dryers
refrigeration solutions
Specialty Contracting
Italy
Private Equity
Acquisition
Cross Border
Majority
Completed
Private
Friendly
Single Bidder
Synopsis
Ingersoll Rand, a provider of mission-critical flow creation and industrial solutions, completed the acquisition of Friulair, a producer of dryers, filters, aftercoolers, and accessories for the treatment of compressed air, from Alcedo, a private equity firm, for $146m. “Acquiring Friulair will give us the opportunity to accelerate growth across food and beverage and pharmaceutical end markets, in addition to scaling our existing air treatment business. I am excited to welcome the Friulair team into the Ingersoll Rand family," Vicente Reynal, Ingersoll Rand Chairman and CEO.
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