secwatch.observer — SEC 8-K summary
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Issuer:     Ingersoll Rand Inc. (IR)
CIK:        0001699150
Form:       8-K
Filed at:   2024-03-25T23:59:59+00:00
Accession:  0001628280-24-012806
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024012806/0001628280-24-012806-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1699150/000162828024012806/iri-20240325.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-012806

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