Ingersoll Rand to Acquire SPX FLOW’s Air Treatment Business

ITT Acquires SPX FLOW for $4.775 Billion

December 7, 2025

Industrial Services

ITT reached a definitive agreement to acquire SPX FLOW for approximately $4.775 billion in cash and equity. The deal expands ITT’s Industrial Process segment position in engineered components and flow technologies and is expected to close by the end of Q1 2026.

Ingersoll Rand Acquires Controlled Fluidics and Ethafilter s.r.l.

April 3, 2024

Manufacturing

Ingersoll Rand Inc. has closed two acquisitions: Controlled Fluidics, a U.S.-based thermoplastic bonding and custom plastic assembly specialist serving life sciences and other high-growth end markets, and Ethafilter s.r.l., an Italy-based producer of filters and filter elements for the compressed air sector. The deals expand Ingersoll Rand's product portfolio and aftermarket capabilities, strengthening its position in life sciences, sterile filtration, and air treatment markets.

Ingersoll Rand to Acquire Air Dimensions Inc

October 28, 2021

Industrial Services

Ingersoll Rand Inc. has entered into an agreement to acquire Air Dimensions Inc. for an all-cash purchase price of $70.5 million. The deal is intended to close on Friday, October 29, 2021, with Air Dimensions joining Ingersoll Rand’s Precision and Science Technologies segment.

Ingersoll Rand to Acquire Seepex GmbH

June 21, 2021

Industrial Services

Ingersoll Rand Inc. has entered into an agreement to acquire Seepex GmbH in an all-cash transaction valued at €431.5 million. The deal is expected to close in Q3 2021, subject to regulatory approvals, and will add Seepex’s progressive cavity pump technology to Ingersoll Rand’s Precision and Science Technologies segment.

SPX Technologies Acquires Crawford United for Approximately $300 Million

February 6, 2026

Industrial Services

SPX Technologies has completed its acquisition of Crawford United Corporation in an approximately $300 million transaction. The deal adds Crawford United’s Commercial Air-Handling Equipment segment (Air Enterprises and Rahn Industries) to expand SPX’s HVAC capabilities, while its Industrial and Transportation Products segment is being treated as non-core and planned for sale.

Filtration Group (Madison Industries) Acquires Flow Dry Technology

March 5, 2020

Manufacturing

Filtration Group, a Madison Industries company, acquired Flow Dry Technology, a designer and manufacturer of desiccant bags, value-added assemblies, and moisture-protection solutions. The acquisition marks an exit for Argosy Private Equity, which had owned Flow Dry since 2014; Flow Dry is headquartered in Brookville, Ohio with additional manufacturing facilities in China and Hungary.