Ingersoll Rand Inc. (NYSE:IR) acquired Paragon Tank Truck Equipment, LLC for $40 million on February 1, 2023. The consideration was paid in cash. 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. Gerard Toohey and Matthew Nicastro of EC Mergers & Acquisitions acted as financial adviser to Paragon Tank Truck Equipment LLC.

Ingersoll Rand Inc. (NYSE:IR) completed the acquisition of Paragon Tank Truck Equipment, LLC on February 1, 2023.