AIP to acquire Ingersoll Rand’s stake worth $300m in HPS Segment Share Sign up here for GlobalData's free bi-weekly Covid-19 report on the latest information your industry needs to know. Private equity firm American Industrial Partners (AIP) has agreed to acquire Ingersoll Rand’s majority interest in High Pressure Solutions (HPS) Segment for approximately $300m. Upon the completion of the deal, Ingersoll Rand will retain a 45% common equity interest in HPS Segment. The transaction is planned to be completed in the first half of 2021, subject to customary closing conditions. Ingersoll Rand CEO Vicente Reynal said: “Today’s transaction is a meaningful step forward in our transformation and achieves many of the goals we have previously communicated.