Ingersoll Rand Expands Key Blower Technologies, Rental Capabilities, and Services with Acquisition of Lone Star Blower, Inc.

• Expands blower portfolio through the addition of new technologies and established service and rental capabilities, adding approximately $50 million in annual revenue
• Increases ability to offer system solutions for key applications including water and wastewater treatment
• Welcomes another founder-owned company to the Ingersoll Rand portfolio and highlights the strength of our bolt-on pipeline and proprietary, sole-sourced M&A process
• Investment made at attractive low-double digit pre-synergy purchase multiple of 2025 Adjusted EBITDA

DAVIDSON, N.C.--(BUSINESS WIRE)--#MakingLifeBetter--Ingersoll Rand Inc., (NYSE: IR) a global provider of mission-critical flow creation and life science and industrial solutions, has acquired Lone Star Blower, Inc. dba Lone Star Turbo (“Lone Star”), expanding the company’s Industrial Technologies and Services portfolio.

Based in the United States, Lone Star is a leading manufacturer of centrifugal, geared, gearless and multistage blowers and compressors, and control systems, with a strong presence in water and wastewater treatment as well as other high-growth industrial industries. The company has an established service presence and a large and growing rental fleet.

Innovations from Lone Star, including engineering expertise, packaged blower systems, and custom control systems manufacturing and design capabilities, enhance Ingersoll Rand’s North American portfolio and unlock opportunities for new and existing customers. Lone Star will join the Industrial Technologies and Services (IT&S) segment.

“The addition of Lone Star broadens the scope and possibilities for our mission-critical flow technologies footprint particularly in key growth markets and accelerates our growth in aftermarket services and rentals,” said Vicente Reynal, chairman and chief executive officer of Ingersoll Rand. “Their entrepreneurial team with strong application engineering expertise enables us to offer more complete solutions to our customers. We welcome Lone Star to the Ingersoll Rand family.”

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 IRCO.com.

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 the expectations of Ingersoll Rand Inc. (the “Company” or “Ingersoll Rand”), 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 geopolitical tensions, natural disaster, catastrophe, 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 http://www.sec.gov. The foregoing list of important factors is not exclusive.

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Investor Relations:
Max.Vorcheimer@irco.com

Media:
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