Ingersoll Rand

Ingersoll Rand Inc. stands as a formidable force in industrial technology with a rich 150-year heritage dating back to 1871, when Simon Ingersoll founded Ingersoll Rock Drill Company and the Rand brothers established Rand Drill Company. These pioneering firms merged in 1905 to create Ingersoll-Rand, which became synonymous with industrial innovation throughout the 20th century. The modern company was formed in February 2020 through a transformative merger between Gardner Denver (founded 1859) and the industrial segment of legacy Ingersoll-Rand (now Trane Technologies), creating a diversified industrial powerhouse headquartered in Davidson, North Carolina.

Today, Ingersoll Rand operates through two primary segments: Industrial Technologies and Services, and Precision and Science Technologies. The company's extensive product portfolio spans air compressors (rotary screw, reciprocating, centrifugal, and portable), vacuum pumps, blowers, power tools, fluid handling equipment, and advanced IIoT software solutions. Products are sold under more than 40 recognized brands across all major global markets, serving critical applications in manufacturing, energy, life sciences, food and beverage, and infrastructure sectors. The company's footprint includes over 150 customer centers and a network of 65+ manufacturing sites across six continents, employing approximately 17,000 professionals worldwide.

Financial performance demonstrates consistent strength, with the company generating approximately $7.2 billion in revenue in 2024, supported by robust free cash flow generation of $1.25 billion. Under the leadership of Chairman and CEO Vicente Reynal, who has led the company since its formation in 2020, Ingersoll Rand has pursued an aggressive acquisition strategy focused on high-growth markets. From 2023 to 2025, the company executed 21 strategic acquisitions totaling nearly $3 billion in capital deployment, including its largest acquisition to date—ILC Dover for over $2.3 billion—strengthening capabilities in renewable natural gas, life sciences, and energy transition technologies.

Ingersoll Rand has emerged as a sustainability leader, ranking in the top 1% of its industry in the S&P Global Corporate Sustainability Assessment for three consecutive years and being named to CDP's "A List" for environmental stewardship for two consecutive years. The company achieved 61% progress toward greenhouse gas emissions reduction goals, 38% reduction in water usage, and 74% progress toward zero waste targets. These accomplishments, combined with a low total recordable incident rate (TRIR) of 0.54—significantly better than industry average—demonstrate commitment to responsible operations.

The company's culture emphasizes employee engagement and ownership, with an industry-leading engagement score of 81 placing Ingersoll Rand in the top 10% of manufacturing organizations. In 2020, the company awarded a remarkable $150 million equity grant to its global workforce, with each employee receiving stock equivalent to 20% of their annual base compensation, reinforcing the "think and act like owners" value. This culture, combined with comprehensive benefits, professional development opportunities, and recognition as a Great Place to Work, attracts and retains top industrial talent. With a market capitalization of approximately $41.9 billion and strategic positioning in sustainable, high-growth end markets, Ingersoll Rand continues its trajectory as a premier industrial technology company driving innovation across flow creation and mission-critical applications worldwide.