Ingersoll Rand Acquires Paragon Tank Truck

Expands Ingersoll Rand’s capabilities into liquid packages with market leader and strengthens blower portfolio

Ingersoll Rand Inc., a global provider of mission-critical flow creation and industrial solutions, has acquired Paragon Tank Truck Equipment (“Paragon”) for an all-cash purchase price of approximately $40 million.

Paragon is a leading provider of solutions used for loading and unloading dry bulk and liquid tanks on and off of trucks. Its solutions include pneumatic blowers, stationary packages and accessories for dry bulk and hydraulic packages, coolers, air compressors and accessories for the liquid segment.

“Paragon adds differentiated liquid packaging capabilities and expands our blower offerings,” said Gary Gillespie, senior vice president and general manager of the ITS Americas business. “The Paragon brand is well known in the market and bringing Paragon into the Ingersoll Rand family adds another option for our customers. Paragon also brings deep end user and distributor relationships across the trucking industry, broadening our channel reach.”

Paragon is headquartered in Cartersville, GA, has approximately 55 employees and annual revenue of more than $25 million. It will join the Industrial Technologies and Services (ITS) segment of Ingersoll Rand.

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