Ingersoll Rand's Focus on Sustainability Should Support Long-Term Growth
On Feb. 11, narrow-moat-rated Ingersoll-Rand announced its intention to acquire Precision Flow Systems, a leading manufacturer of fluid management systems, for $1.45 billion, funded via cash and debt. Ingersoll-Rand's management expects the deal to close in mid-2019 and for it to be accretive to EPS and cash flow return on invested capital during its first year under Ingersoll-Rand's ownership. The announced purchase price values PFS at approximately 3.6 times 2018 revenue of $400 million and 11...Ingersoll-Rand provides products, services and solutions to enhance air in homes and buildings, transport and protect food. Co.'s segments are: Climate. which includes Trane® and American Standard® Heating & Air Conditioning, providing heating, ventilation and air conditioning systems, and commercial and residential building services, parts, support and controls, energy services and building automation as well as transport temperature control solutions; and Industrial, which includes compressed air and gas systems and services, power tools, material handling systems, ARO® fluid management equipment, as well as Club Car ® golf, utility and rough terrain vehicles.
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