Ingersoll Rand Expands Portfolio with TMIC Acquisition
Deal News | Jul 02, 2025 | Finance Community IT - 1 Corporate M&A
Ingersoll Rand, a New York Stock Exchange-listed company with a focus on providing global solutions for compressed air across various sectors, has acquired Termomeccanica Industrial Compressors (TMIC) and its subsidiary Adicomp. The pair of Italian companies are notable players in the air and gas compressor industry, vital for natural gas operations, with TMIC boasting over a century of experience. The acquisition was valued at approximately €160 million. Clearwater International acted as the financial advisor for Ingersoll Rand, managing the entire acquisition process. PwC provided multidisciplinary support through financial, tax, payroll, and IT due diligence. The acquisition reinforces Ingersoll Rand's core business and service offerings, aimed at long-term growth in partnership with the newly acquired companies. This deal marks the continuation of a strong collaborative relationship between Ingersoll Rand and Clearwater International, as well as highlighting the attractiveness of the Italian market for international investors.
Sectors
- Industrial Manufacturing
- Energy & Natural Resources
- Advisory Services
Geography
- United States – Ingersoll Rand is an American company, demonstrating the involvement of the U.S. in this international transaction.
- Italy – TMIC and Adicomp are Italian companies, making Italy a central location in this acquisition deal.
- Brazil, India, USA – Adicomp's operational presence in these regions indicates the geographical reach and influence of the company.
Industry
- Industrial Manufacturing – The article involves companies that are engaged in the manufacturing of industrial equipment, specifically in the air and gas compressor sector.
- Energy & Natural Resources – TMIC provides compressors essential for operations in gas extraction, transport, and storage, closely linked to the energy sector.
- Advisory Services – Advisory roles played by Clearwater and PwC emphasize the involvement of financial and professional services in the M&A process.
Financials
- €160 million – The total value of the acquisition of TMIC and Adicomp by Ingersoll Rand.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Ingersoll Rand | Acquirer | Company | A global company providing industrial solutions, particularly in compressed air. |
| Termomeccanica Industrial Compressors (TMIC) | Target Company | Company | An international manufacturer of air and gas compressors, crucial for the energy sector. |
| Adicomp | Subsidiary Company | Company | TMIC's subsidiary, providing engineered solutions in the renewable natural gas sector. |
| Termomeccanica | Seller/Vendor | Company | The parent company selling TMIC and Adicomp. |
| Clearwater International | Financial Advisor | Company | Provided advisory services to Ingersoll Rand, managing the acquisition process. |
| PwC | Due Diligence Advisor | Company | Conducted financial, tax, payroll, and IT due diligence for the acquisition. |