Q1 2023 Financial Performance
On Track to Deliver Our Inorganic Growth Commitment
Trace Analytics
•
Closed M&A
Description: Leading provider of lab-based testing and
sampling for compressed air technologies
Annual Revenue: ~$5M
•
Signed M&A
Anhui Gaopeng Vacuum Equipment Co., LTD
Description: Well-established dry screw vacuum
pump manufacturer with exposure to sustainable
end markets
• Annual Revenue: ~$6M
Funnel Update
>5x
Weighted funnel size vs Q2 2020
.
Headquarters: Austin, TX
•
Close: May 1, 2023
TRACE AnalyticsIIC
Headquarters: Chuzhou, China
GP
5
•
Close: Q3 2023
•
Segment: ITS
VACUUM
Additional transactions at LOI stage¹
.
Rationale: Recurring revenue stream in air
purity/quality across attractive end markets such as
food/beverage and pharmaceutical; highly
complementary to Lawrence Factor acquisition
(completed in Q4 2021)
Segment: ITS
• Rationale: Expands product portfolio into attractive
and growing APAC oil free dry screw vacuum pump
market
-90%
Deals internally sourced
7
1 As of May 1, 2023
Oil Free Vacuum Pump
Microbial Air/Gas Sampler
$200M $300M
(400bps 500bps)
Reaffirming our annualized inorganic
revenue target for acquisitions in 2023
IR Ingersoll RandView entire presentation