Ingersoll Rand Extends Wastewater Treatment Capabilities

Ingersoll Rand Inc., a global provider of flow creation and industrial solutions, has acquired SSI Aeration, Inc. and its subsidiaries to enhance its presence in the wastewater treatment sector. This acquisition, targeting an attractive purchase multiple of approximately 10x the projected 2024 Adjusted EBITDA, aims to bolster Ingersoll Rand's capabilities in offering energy-efficient wastewater solutions. SSI, recognized for its innovative membrane diffusers, reports an annual revenue of $30 million and operates manufacturing facilities in the US, South Korea, and India. With Ingersoll Rand's continuing emphasis on inorganic growth, the SSI acquisition is expected to open opportunities in municipal markets and contribute to topline growth. Ingersoll Rand is driven by a mission to provide durable solutions under challenging conditions, reflected in its wide-ranging product portfolio. However, the acquisition's realization is contingent on various risk factors, including market conditions, regulatory changes, and operational challenges.