Ingersoll Rand Inc. (NYSE:IR) entered into an agreement to acquire Maximus Systems from Nizar Barrou and André Spilmann for approximately CAD 140 million on June 28, 2021. The consideration will be paid in all cash. Upon transaction close, Maximus will join the PST segment of Ingersoll Rand. For the year ending December 31, 2020, Maximus Systems had revenues of approximately CAD 40 million. The transaction is subject to regulatory approvals and is expected to close in third quarter of 2021. Godfrey & Kahn, S.C. is serving as legal advisor to Ingersoll Rand and Société d'avocats DEXAR Inc. and Varnum LLP are serving as legal advisor to Maximus. Ingersoll Rand Inc. (NYSE:IR) acquired Maximus AG Systems from Nizar Barrou and André Spilmann on August 2, 2021.