Kirkland Represents Ingersoll Rand on Sale of Majority Interest in High Pressure Solutions Segment to American Industrial Partners

Kirkland & Ellis advised Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, on the sale of a majority interest in its High Pressure Solutions (HPS) Segment to American Industrial Partners, an operationally oriented private equity firm. Ingersoll Rand will receive cash proceeds of approximately $300 million at closing for its majority interest and will retain a 45% common equity interest in the business. The transaction is subject to standard closing conditions and is expected to be completed in the first half of 2021. 

Read the Ingersoll Rand press release

The Kirkland team was led by corporate partners Jennifer Perkins, Ravi Agarwal and David Thompson and associates Jennifer Gasser and Alastair Smith, technology & IP transactions partner Seth Traxler and associate Matt Darch, and tax partners Mike Beinus, Adam Kool and Scott Fryman.