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Highlights

  • Ingersoll Rand acquired Ireland-based Dave Barry Plastics to strengthen its life sciences portfolio.
  • The acquisition was completed at approximately 9x 2024 Adjusted EBITDA, according to the company.
  • Dave Barry Plastics will integrate into the Precision and Science Technologies segment.

Ingersoll Rand Inc. (NYSE: IR) has announced the acquisition of Dave Barry Plastics, a manufacturer of plastic solutions for the life sciences and healthcare sectors. The acquisition supports Ingersoll Rand’s broader strategy to grow its life sciences platform through targeted bolt-on transactions.

Based in Ireland, Dave Barry Plastics produces components used in clean room environments to minimize contamination risk during the manufacture and storage of pharmaceutical, biopharmaceutical, and medical device products. The company will join Ingersoll Rand’s Life Sciences platform within the Precision and Science Technologies (P&ST) segment.

According to Ingersoll Rand, the transaction was completed at an attractive multiple of approximately 9 times 2024 Adjusted EBITDA. The deal is part of a continued effort to secure family-owned businesses through proprietary channels supported by longstanding relationship-building and direct sourcing.

Chairman and CEO Vicente Reynal stated that the acquisition enhances Ingersoll Rand’s portfolio of high-performance life science solutions. He emphasized the value of Dave Barry Plastics’ expertise in delivering custom plastic components used in contamination-sensitive manufacturing.

This acquisition aligns with Ingersoll Rand’s stated focus on innovation, customer value creation, and global expansion in sectors requiring precision and reliability. It also reflects the company’s ongoing M&A strategy, which targets businesses that complement its mission-critical and durable product offerings.

No financial terms beyond the EBITDA multiple were disclosed, and the company did not provide revenue figures for the acquired business. The integration of Dave Barry Plastics is expected to bolster Ingersoll Rand’s clean room and healthcare-related offerings in key global markets.