DAVIDSON: Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, has acquired G&D Chillers, Inc. and Advanced Gas Technologies Inc. (AGT) for a combined $27 million to expand its air treatment portfolio.
G&D, a U.S.-based manufacturer of premium glycol chillers used in breweries, wineries and food processing, strengthens Ingersoll Rand’s engineering and custom chiller production in North America.
AGT, headquartered in Ontario, Canada, designs on-site gas generation systems for industrial clients and adds packaging capabilities to Ingersoll Rand’s offerings.
Both companies will join Ingersoll Rand’s Industrial Technologies and Services segment.
“I would like to extend a warm welcome to the employees of G&D and AGT,” said Vicente Reynal, chairman and CEO of Ingersoll Rand. “Both are solid businesses with strong performance and growth potential backed by great teams.”
Ingersoll Rand, operating under more than 80 brands, specializes in industrial and life science solutions designed for demanding environments. The company emphasized its commitment to innovation and customer service in the announcement.