Ingersoll Rand Accelerates Value Creation Through Continued M&A, Announces New Acquisition
#IngersollRand #Acquisition #TMIC #Adicomp“These companies strengthen our core capabilities and broaden our service offerings, enabling us to deliver greater value to our customers while advancing our long-term growth strategy for shareholders.” - Vicente Reynal, Chairman and Chief Executive Officer, Ingersoll Rand
July 2025 : Ingersoll Rand Inc. recently announced it has acquired Termomeccanica Industrial Compressors S.p.A. (“TMIC”) and its subsidiary Adicomp S.p.A. (“Adicomp”) (collectively “TMIC/Adicomp) for a purchase price of approximately €160 million. This acquisition aligns with Ingersoll Rand's disciplined capital allocation strategy of targeted bolt-on acquisitions and its proven ability to build trusted, proprietary partnerships with family-owned businesses.
TMIC is an international leader in the design and production of air and gas compressors, boasting over 100 years of experience and innovation. Its subsidiary, Adicomp, specializes in engineered-to-order (ETO) solutions within the rapidly growing renewable natural gas (RNG) industry. Headquartered in Italy, TMIC/Adicomp have an existing presence in North America and have recently expanded into Brazil and India, significantly enhancing Ingersoll Rand's RNG gas-ends and packaging presence. The newly acquired businesses will integrate into Ingersoll Rand’s Industrial Technologies and Services (IT&S) segment. The purchase was made at an attractive low-double-digit multiple, with an expected post-synergy multiple in the mid-to-high single digits.
“TMIC/Adicomp are leading businesses in their respective industries, and today we welcome them to Ingersoll Rand,” said Vicente Reynal, Chairman and Chief Executive Officer, Ingersoll Rand. “These companies strengthen our core capabilities and broaden our service offerings, enabling us to deliver greater value to our customers while advancing our long-term growth strategy for shareholders. Additionally, these companies reflect the strength of our M&A flywheel and reaffirm our ability to partner with family-owned businesses on a proprietary basis.”
This acquisition is set to accelerate Ingersoll Rand’s value creation by expanding its competencies and capabilities in high-growth end markets, further solidifying its position in providing advanced industrial solutions globally.
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