Market Overview

Ingersoll Rand Completes Acquisition of Precision Flow Systems

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Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable,
sustainable and efficient environments, today announced it has completed
the acquisition of Precision Flow Systems ("PFS") from funds advised by
BC Partners Advisors L.P. and The Carlyle Group. The transaction was
completed on May 15, 2019 for $1.45 billion.

PFS is a leading provider of fluid management systems with world class
brands including Milton Roy®, LMI®, Haskel®,
BuTech®, Dosatron®, YZ Systems®,
Williams® and Hartell®. It serves mission-critical
applications including water, precision irrigation, oil and gas,
chemical and industrial. PFS generated sales of approximately $400
million in 2018, has approximately 1,000 employees and operates seven
global manufacturing locations.

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) advances the quality of life by creating
comfortable, sustainable and efficient environments. Our people and our
family of brands — including Club
Car®
Ingersoll
Rand®
Thermo
King®
 and Trane® —
work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; and increase
industrial productivity and efficiency. We are a global business
committed to a world of sustainable progress and enduring results. For
more information, visit ingersollrand.com.

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