Ingersoll Rand Selling Majority of High Pressure Solutions Unit to AIP
Ingersoll Rand Selling Majority of High Pressure Solutions Unit to AIP American Industrial Partners — which also owns fastener distributor/manufacturer Optimas Solutions — is paying $300 million for 55 percent of HPS. Feb 16th, 2021 DAVIDSON, NC — Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to sell a majority interest in its High Pressure Solutions (HPS) Segment to the private equity firm American Industrial Partners (AIP). Ingersoll Rand will receive cash proceeds of approximately $300 million at closi...