AIP Acquires Majority Stake in Ingersoll Rand's High Pressure Solutions Unit
American Industrial Partners (AIP) has agreed to acquired Ingersoll Rand's High Pressure Solutions (HPS) business segment for $300 million in cash with Ingersoll Rand retaining a 45% interest in the business. Simmons Energy advised Ingersoll Rand, and the deal is expected to close in the first half of 2021.
Alex Menkhaus, AIP Partner
High Pressure Solutions has an outstanding reputation, a history of innovation, a focus on serving its customers and a talented workforce.