At what enterprise value was ILC DOVER acquired in 2024?

During the acquisition of ILC DOVER by INGERSOLL RAND in 2024, the company was valued at an estimated revenue multiple of 5x - 12x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.1x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of ILC DOVER when it was acquired by INGERSOLL RAND?

The estimated EV/EBITDA multiple for ILC DOVER is in the range of 15x - 25x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.1x. Join our community for free to access full valuation data and industry trends.

When was ILC DOVER acquired by INGERSOLL RAND?

ILC DOVER was acquired by INGERSOLL RAND in 2024.

What was the revenue of ILC DOVER at the time of the deal?

The revenue of ILC DOVER at the time of the deal is estimated to be in the range of 250M - 500M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of ILC DOVER during the acquisition?

ILC DOVER's EBITDA is estimated to be in the range of 100M - 200M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the ILC DOVER acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the ILC DOVER deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://investors.irco.com/news/news-details/2024/Ingersoll-Rand-to-Acquire-ILC-Dover-to-Expand-Presence-in-Life-Sciences/default.aspx

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Home Database Industry & ManufacturingILC DOVER

03/2024

ILC DOVER acquired by INGERSOLL RAND

UNITED STATES Industrial Equipment / Components / Medical Consumables EV 1b - 4b USD

Context

Ingersoll Rand has successfully finalized a definitive agreement to acquire 100% of ILC Dover from New Mountain Capital, marking a transformative expansion into the life sciences sector. This strategic transaction establishes a dedicated life sciences platform within the group’s Precision and Science Technologies (P&ST) segment, consolidating the target’s expertise with the group’s existing brands to create a $700 million revenue vertical. The strategic rationale for the move centers on the convergence of the target’s innovative single-use biopharma solutions with the group’s established liquid handling and positive displacement pump technologies. By incorporating the target’s established direct channels and deep connectivity with over 1,000 biopharma and medical device customers, the organization significantly increases its addressable market in highly fragmented growth segments. The partnership focuses on leveraging the group’s demand generation capabilities to drive cross-selling opportunities across its broader industrial product lines, such as specialized compressors and vacuum solutions. This integration reinforces the group’s position as a primary enabler of advanced medical therapy production and pharmaceutical innovation, providing the operational depth required to achieve high-single-digit returns on invested capital through standardized industrial excellence.

ILC DOVER, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Industry & Manufacturing sector (11.1x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

ILC Dover is a premier technology organization dedicated to the design and production of highly innovative, mission-critical solutions for the biopharmaceutical, pharmaceutical, and medical device markets. The entity’s business model is centered on high-performance materials science, providing specialized powder and liquid single-use solutions that ensure sterility and safety in aseptic manufacturing processes. Its value proposition is anchored in a 75-year heritage of technical excellence, ranging from specialized rubber and silicone components for medical devices to life-support systems for the space industry. Strategically, the firm focuses on a "high-touch" engineering model, leveraging 11 global production facilities to serve a sophisticated client base across North America, Europe, and Asia. By maintaining a product portfolio where approximately 75% of revenue is derived from recurring or consumable streams, the organization ensures long-term operational stability. The organization operates as a critical infrastructure partner for enterprises navigating complex cell and gene therapy workflows and commercial drug production.

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2023

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REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 250M - 500M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of ILC DOVER by INGERSOLL RAND are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: ilc dover

Acquirer: ingersoll rand