Latham & Watkins Advises Precision Flow Systems on $1.45B Acquisition by Ingersoll-Rand

Ingersoll-Rand plc announced that it made a binding offer to acquire Precision Flow Systems from funds advised by BC Partners Advisors L.P. and The Carlyle Group.

February 11, 2019

Ingersoll-Rand plc (NYSE:IR), a world leader in creating comfortable, sustainable and efficient environments, has announced that it has made a binding offer to acquire Precision Flow Systems (“PFS”) from funds advised by BC Partners Advisors L.P. and The Carlyle Group for $1.45 billion. The acquisition is expected to close in mid-2019, subject to regulatory approval. 

Latham & Watkins advised PFS, BC Partners Advisors L.P., and The Carlyle Group on the transaction with a corporate deal team led by Washington, D.C. partner Paul Sheridan and Chicago partner Shaun Hartley. Advice was also provided on tax matters by New York partner David Raab; on employee benefits matters by Washington, D.C. partner David Della Rocca; on environmental matters by Washington, D.C. partner James Barrett; and on intellectual property matters by New York partner Steve Betensky.

 

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.