IR - Ingersoll Rand Dives Deep Into Life Sciences With ~$2.3B ILC Dover Acquisition | Benzinga
Industrial products maker Ingersoll Rand Inc (NYSE:IR) has entered into an agreement to acquire ILC Dover from the investment firm New Mountain Capital, LLC.
The deal includes an upfront cash purchase price of about $2.325 billion and an earnout tied to select operating efficiency metrics in 2024.
At its maximum payout, the earnout increases the 17x upfront purchase multiple by less than one turn.
ILC designs and produces solutions for biopharmaceutical, ...