Ingersoll Rand has acquired Lone Star Blower, Inc., a U.S.-based manufacturer of centrifugal, geared, gearless, and multistage blowers and compressors, expanding its Industrial Technologies and Services segment. The deal adds approximately $50 million in annual revenue and was made at an attractive low-double digit pre-synergy purchase multiple of 2025 Adjusted EBITDA. Lone Star brings engineering expertise, packaged blower systems, custom control systems, and a large rental fleet, strengthening Ingersoll Rand's presence in water and wastewater treatment and other high-growth industrial markets. The acquisition highlights the strength of Ingersoll Rand's bolt-on pipeline and proprietary, sole-sourced M&A process.
Ingersoll Rand IncAcquires Lone Star Blower for ~$50M annual revenue at attractive multiple, expanding segment.