Ingersoll-Rand Industrial Business to Merge With Gardner Denver, Creating $15 Billion Company

Paul, Weiss is advising Ingersoll-Rand plc in the merger of its Industrial business with Gardner Denver Holdings, Inc. The complex cash-and-stock deal will create a $15 billion global leader in mission-critical flow creation and industrial technologies.

Under the terms of the deal, structured as a Reverse Morris Trust, Ingersoll Rand will separate its Industrial business by way of a distribution to Ingersoll Rand’s shareholders, and merge the Industrial segment with a wholly owned subsidiary of Gardner Denver. The remaining HVAC and transport refrigeration assets of Ingersoll Rand will remain a stand-alone company and global leader in climate control solutions for buildings, homes and transportation.

The Paul, Weiss team includes, among others, corporate partners Scott Barshay, Steven Williams, John Kennedy and Gregory Ezring and counsel Patricia Vaz de Almeida; tax partners Jeffrey Samuels and David Mayo and counsel Alyssa Wolpin; real estate partner Peter Fisch and counsel Allen Wieder and Barry Langman; employee benefits partner Lawrence Witdorchic and counsel Jason Ertel; litigation partners William Michael and Allan Arffa; intellectual property partner Claudine Meredith-Goujon and counsel Jonathan Ashtor; environmental counsel William O’Brien; and antitrust counsel Marta Kelly.