Ingersoll Rand completes acquisition of Precision Flow Systems

Ingersoll-Rand plc has completed its US$1.45 billion acquisition of Precision Flow Systems from funds advised by BC Partners Advisors LP and The Carlyle Group.

Precision Flow Systems brands include Milton Roy, LMI, Haskel, BuTech, Dosatron, YZ Systems, Williams and Hartell. Markets include water, precision irrigation, oil and gas, chemical and industrial.

Precision Flow Systems, which has been operated by Accudyne Industries since 2012, had sales of approximately US$400 million in 2018, employs around 1000 people and has seven global manufacturing locations.