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cleared new york s treacherous hell gate channel and were used in the construction of water aqueducts for new york city and washington d c as well as tunnels in haverstraw and west point new york and in weehawken new jersey in 1905 ingersoll sergeant drill company merged with the rand drill company to form ingersoll rand in the 1920s ingersoll rand supplied diesel engines for locomotives built by both general electric and alco 4 in 2000 ingersoll dresser pumps formed in 1992 as a joint venture between ingersoll rand and dresser industries 5 and later a wholly owned subsidiary was sold to flowserve for 775 million the deal made flowserve the world s second largest pump company 6 in 2004 it sold dresser rand another joint venture with dresser industries which merged the two companies compressor businesses to first reserve corporation for 1 2 billion 7 history of gardner denver edit robert gardner founded the gardner governor company in 1859 in quincy illinois and introduced an early effective speed controls for steam engines 8 this innovation known as the flyball governor helped pave the way for the later production of other industrial products such as air compressors by the turn of the century the company had sold more than 150 000 governors across the united states and canada the gardner governor company merged with the denver rock drill company in 1927 to form gardner denver gardner denver grew during the early decades of the 1900s and transformed through acquisitions in 1943 gardner denver was listed on the new york stock exchange for the first time in the late 1950s merger negotiations with dresser industries yielded no agreement and the same outcome occurred with cooper bessemer in 1979 gardner denver was acquired by c b s successor cooper industries inc in 1994 cooper spun off the gardner denver industrial machinery division as an independent company gardner denver inc traded on the new york stock exchange until it was acquired by private equity firm kohlberg kravis roberts co kkr co in 2013 for 3 9 billion 9 gardner denver returned to public ownership in 2017 through an initial public offering ipo with kkr co retaining a 35 stake 10 deferred stock units were granted to permanent employees some 6 000 people as part of kkr co s employee engagement strategy which came to be worth approximately 100 million following the ipo 11 merger of ingersoll rand s industrial segment and gardner denver edit in 2020 gardner denver merged with ingersoll rand plc s industrial segment through a reverse morris trust transaction and took on the name of ingersoll rand the new company was worth 15 billion 9 and gardner denver and ingersoll rand shareholders held 49 9 and 50 1 of the shares respectively 12 150 million in stock were granted to some 16 000 employees 11 13 ingersoll rand plc s hvac segment which brought in 12 8 billion in revenue in 2018 became trane technologies in 2021 kkr co divested from ingersoll rand having made a profit of 4 billion since it acquired gardner denver in 2013 11 business segments edit an ingersoll rand compressor from circa 1915 formerly used in the new york city subway in october 2022 ingersoll rand announced it would acquire everest group an india based manufacturer of blowers and vacuum systems and airmax groupe a french manufacturer of compressed air systems 14 in february 2024 ingersoll rand acquired friulair a company out of friuli italy which specializes in chillers and dryers ingersoll rand paid a lump sum of 146 million 15 references edit this article needs more citations please help improve this article by adding citations to reliable sources unsourced material may be challenged and removed find sources ingersoll rand news newspapers books scholar jstor april 2010 learn how and when to remove this message gardner denver 1859 2009 sesquicentennial 150 years of industrial innovation donning company publishers 2009 gardner denver press release kkr completes acquisition of gardner denver http www gardnerdenver com company news___events archived january 23 2017 at the wayback machine bloomberg press releases for gardner denver inc https www bloomberg com topics companies gdi us msn money article gardner denver inc reports preliminary first quarter 2009 financial results http news moneycentral msn com provider providerarticle aspx feed mw date 20090423 id 9833173 permanent dead link gardner denver press release gardner denver inc announces manufacturing consolidation project http www marketwire com press release gardner denver inc nyse gdi 973780 html archived december 26 2009 at the wayback machine ingersoll rand products https airvacuum com vn en ingersoll rand ingersoll rand inc 2025 annual report form 10 k u s securities and exchange commission february 17 2026 ingersoll rand inc u s securities and exchange commesion ingersoll rand co history vintagemachinery org retrieved june 9 2026 grant h roger july 24 2018 the railroad the life story of a technology greenwood publishing group isbn 978 0 313 33079 7 via google books ingersoll rand and dresser form joint venture united press international october 8 1992 retrieved june 9 2026 brown alan s july 14 2000 antitrust divestments let flowserve idp deal proceed www chemicalonline com retrieved june 9 2026 rozhon tracie august 26 2004 buyout firm to acquire ingersoll rand unit the new york times issn 0362 4331 retrieved june 9 2026 standard poor s smallcap 600 guide mcgraw hill 1999 isbn 978 0 07 052763 8 1 2 nair aishwarya june 27 2023 circor sticks with sale to kkr despite higher arcline bid reuters retrieved january 8 2025 gottfried miriam april 28 2019 gardner denver nears deal to merge with ingersoll rand division dow jones company retrieved january 8 2025 1 2 3 karsh melissa august 16 2021 in new twist private equity shares its windfall with hourly employees bloomberg news retrieved january 8 2025 jia jim black thomas april 30 2019 gardner denver nears deal to merge with ingersoll rand division bloomberg law retrieved january 8 2025 the american business awards 2021 retrieved january 21 2021 ingersoll rand to acquire everest group and airmax groupe ingersoll rand press release october 27 2022 retrieved november 23 2022 via business wire ingersoll rand acquires friulair to expand air treatment capabilities business wire davidson north carolina february 1 2024 external links edit business data for ingersoll rand inc google reuters sec filings yahoo v t e ingersoll rand subsidiaries club car people simon ingersoll frederick mckinley jones related trane technologies v t e trane technologies subsidiaries thermo king trane people simon ingersoll frederick mckinley jones james trane reuben trane related ingersoll rand v t e north carolina companies fortune 500 bank of america lowe s honeywell international nucor duke energy truist financial iqvia sonic automotive labcorp first citizens bancshares advance auto parts ingersoll rand fortune 1000 coca cola consolidated martin marietta 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