Ingersoll-Rand Completes Acquisition of Precision Flow Systems

Ingersoll-Rand plc 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 for $1.45 billion.

PFS is a provider of fluid management systems with brands including Milton Roy, LMI, Haskel, BuTech, Dosatron, YZ Systems, Williams, and Hartell. PFS generated sales of approximately $400 million in 2018, has approximately 1000 employees, and operates seven global manufacturing locations.