Ingersoll-Rand to acquire precision flow systems business from BC Partners and Carlyle for $1.45B

Ingersoll-Rand plc made a binding offer to acquire the precision flow systems management business, including Milton Roy, LMI, Dosatron, and Haskel brands, from Silver II GP Holdings S.C.A., an affiliate of BC Partners Advisors L.P. and The Carlyle Group, for approximately $1.45 billion in cash. The transaction is subject to employee consultation processes under French law and regulatory approvals, with closing expected mid-year 2019.

“On February 6, 2019, the Company entered into a final, binding and irrevocable offer letter (the “Offer Letter”) with Silver II GP Holdings S.C.A., an affiliate of BC Partners Advisors L.P. and The Carlyle Group (“Seller”) pursuant to which the Company made a binding offer (the “Offer”) to acquire the Seller’s precision flow systems management business (the “Business”) including the Milton Roy, LMI, Dosatron, Haskel and other brands for approximately $1.45 billion (the “Acquisition”).”

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