---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-012806"
form_type: "8-K"
ticker: "IR"
cik: "0001699150"
company_name: "Ingersoll Rand Inc."
filed_at: "2024-03-25T23:59:59+00:00"
generated_at: "2026-06-04T08:30:20.627006+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ingersoll Rand to acquire ILC Dover for ~$2.325B in cash; life sciences platform creation

## Summary
- Upfront purchase price of ~$2.325 billion; earnout based on 2024 efficiency metrics adds less than one turn to ~17x upfront EBITDA multiple.
- ILC Dover has ~$400M 2024E revenue, mid-30s Adjusted EBITDA margins, ~75% revenue from consumable/recurring streams.
- Acquisition expected to close Q2 2024 subject to regulatory approvals; expands addressable market by >$10B to ~$65B.
- Corey Walker, ILC President and CEO, to lead new life sciences platform within P&ST segment, reporting to Ingersoll Rand CEO.
- Deal immediately accretive to growth and margin rates; ROIC expected in high single digits by year three.

## SEC filing metadata
- accession: 0001628280-24-012806
- form_type: 8-K
- ticker: IR
- cik: 0001699150
- company_name: Ingersoll Rand Inc.
- filed_at: 2024-03-25T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1699150/000162828024012806/0001628280-24-012806-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1699150/000162828024012806/iri-20240325.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-012806
- JSON: https://secwatch.observer/filing/0001628280-24-012806.json
- Plain text: https://secwatch.observer/filing/0001628280-24-012806.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.