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Acquisitions
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions Acquisitions
Acquisitions in 2026
On January 5, 2026, the Company completed the acquisition of Scinomix, Inc. (“Scinomix”) for cash consideration of $46.4 million. The business is a manufacturer of automation equipment for life-science laboratories. The acquisition will enable Ingersoll Rand to combine several existing technologies with Scinomix’s offerings to provide comprehensive, end-to-end solutions in lab environments. Scinomix has been reported within the Precision and Science Technologies segment.
On May 4, 2026, the Company completed the acquisition of Fox s.r.l. and XF s.r.l. (collectively “Fox”) for cash consideration of $75.0 million. The business is a manufacturer of hydropneumatic accumulators, pulsation dampeners, calibration pots, and instrumentation to stabilize flow and pressure in dosing systems, protecting downstream equipment and improving the performance in complex solutions. The acquisition will enable Ingersoll Rand to combine technologies with Fox’s offerings to provide comprehensive, end-to-end metering and dosing solutions. Fox has been reported within the Precision and Science Technologies segment.
Other acquisitions completed during the six months ended June 30, 2026 include two sales and service businesses, which have been reported within the Industrial Technologies and Services segment. The aggregate consideration for these acquisitions was $41.8 million.
The following table summarizes the allocation of consideration for all businesses acquired in 2026 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Initial accounting for these acquisitions is preliminary, and amounts assigned to acquired assets and liabilities assumed are subject to change as information necessary to complete the analysis is obtained.
Accounts receivable$11.8 
Inventories9.4 
Other current assets0.7 
Property, plant and equipment1.3 
Goodwill106.9 
Other intangible assets52.1 
Other assets4.1 
Total current liabilities(8.9)
Deferred tax liabilities(10.0)
Other noncurrent liabilities(4.2)
Total consideration$163.2 
The aggregate revenue and operating income included in the condensed consolidated financial statements for these acquisitions subsequent to the dates of acquisition was $10.3 million and $2.3 million for the three month period ended June 30, 2026, respectively, and $14.5 million and $2.7 million for the six month period then ended, respectively. The operating income of these acquired businesses includes the effects of acquisition-related accounting adjustments such as amortization of intangible assets and fair value adjustments to acquired inventory.
Acquisitions in 2025
On February 3, 2025, the Company completed the acquisition of SSI Aeration, Inc. (“SSI”) for cash consideration of $97.8 million. The business is a manufacturer of wastewater treatment plant equipment. The acquisition will enable Ingersoll Rand to combine several technologies like low pressure compressors with SSI’s aeration offerings to provide a comprehensive, end-to-end solution. SSI has been reported within the Industrial Technologies and Services segment.
On February 3, 2025, the Company completed the acquisition of Excelsior Blower Systems, Inc. (“Excelsior”) for cash consideration of $17.5 million. The business is a manufacturer of blower packages. Excelsior has been reported within the Industrial Technologies and Services segment.
On February 3, 2025, the Company completed the acquisition of Cullum & Brown of Kansas City, Inc. (“Cullum & Brown”) for initial cash consideration of $50.7 million and contingent consideration of up to $10.0 million. The business is a provider of compressors, blowers, pumps and associated parts and services. Cullum & Brown has been reported within the Industrial Technologies and Services segment.
On April 1, 2025, the Company completed the acquisition of G & D Chillers, Inc. (“G & D”) for cash consideration of $20.9 million. The business is a manufacturer of glycol chillers. G & D has been reported within the Industrial Technologies and Services segment.
On June 3, 2025, the Company completed the acquisition of Lead Fluid (Baoding) Intelligent Equipment Manufacturing Co., Ltd. (“Lead Fluid”) for cash consideration of $18.0 million and contingent consideration of up to approximately $4.2 million. The business designs and manufactures fluid-handling products, including peristaltic pumps, syringe pumps, gear pumps, and pump heads, used for life science applications. Lead Fluid has been reported within the Precision and Science Technologies segment.
On July 1, 2025, the Company completed the acquisition of Termomeccanica Industrial Compressors S.p.A. (“TMIC”) and its subsidiary Adicomp S.p.A. (“Adicomp”) (collectively “TMIC/Adicomp”) for cash consideration of $192.3 million. TMIC is an international leader in the design and production of air and gas compressors and its subsidiary Adicomp provides engineered-to-order solutions in the renewable natural gas industry. TMIC/Adicomp has been reported within the Industrial Technologies and Services segment. The goodwill arising from the acquisition is primarily attributable to revenue and cost synergies, anticipated growth of new and existing customers, and the assembled workforce. Substantially all of this goodwill is not expected to be deductible for tax purposes.
On August 4, 2025, the Company completed the acquisition of Dave Barry Plastics for cash consideration of $26.9 million and contingent consideration of up to approximately $8.2 million. Dave Barry Plastics designs and manufactures plastic product solutions for life science and healthcare technology industries. Dave Barry Plastics has been reported within the Precision and Science Technologies segment.
On November 3, 2025, the Company completed the acquisition of Transvac Systems Ltd. (“Transvac”) for cash consideration of $71.0 million and contingent consideration of up to approximately $56.5 million. Transvac is a global supplier of ejector solutions and sustainable process technologies used to move, mix, and compress fluids and gases. Transvac has been reported within the Industrial Technologies and Services segment.
Other acquisitions completed during the year ended December 31, 2025 include seven sales and service businesses, which have been reported within the Industrial Technologies and Services segment, and one manufacturing business, which has been reported within the Precision and Science Technologies segment. The aggregate consideration for these acquisitions was $57.0 million.
The following table summarizes the allocation of consideration for all businesses acquired in 2025 to the fair values of identifiable assets acquired and liabilities assumed at the acquisition dates. Purchase accounting for all 2025 acquisitions is substantially complete.
TMIC/AdicompAll OthersTotal
Accounts receivable$22.8 $29.2 $52.0 
Inventories34.5 28.9 63.4 
Other current assets4.7 3.3 8.0 
Property, plant and equipment30.8 13.2 44.0 
Goodwill97.9 263.1 361.0 
Other intangible assets80.6 105.9 186.5 
Other assets0.7 7.3 8.0 
Total current liabilities(54.5)(36.9)(91.4)
Deferred tax liabilities(21.7)(14.6)(36.3)
Other noncurrent liabilities(3.5)(4.9)(8.4)
Total consideration$192.3 $394.5 $586.8 
The revenues included in the condensed consolidated financial statements for these acquisitions subsequent to their date of acquisition was $72.0 million and $26.2 million for the three month periods ended June 30, 2026 and 2025, respectively, and $142.3 million and $35.7 million for the six month periods then ended, respectively. The operating income included in the condensed consolidated financial statements for these acquisitions subsequent to their date of acquisition was $10.5 million and $4.2 million for the three month periods ended June 30, 2026 and 2025, respectively, and $19.7 million and $3.5 million for the six month periods then ended, respectively. The operating income of these acquired businesses include the effects of acquisition-related accounting adjustments such as amortization of intangible assets and fair value adjustments to acquired inventory.