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Ingersoll Rand Acquires Assets of Osterbauer Compressor Service

Date: May 04, 2016

Davidson, N.C., May 4, 2016  — Ingersoll Rand (NYSE:IR), a global leader in compressed air and gas systems and services, announced that it has acquired the assets of Osterbauer Compressor Service, an Ingersoll Rand distributor based in Buena Park, California.

Osterbauer Compressor Service sells compressed air equipment, parts and services to customers in the greater Los Angeles area, and has approximately 30 employees. For the first time, Ingersoll Rand will now have a direct customer presence in Los Angeles via an Ingersoll Rand Customer Center.

“The acquisition of the assets of Osterbauer Compressor Service represents our long-term commitment to serving customers in the Southern California market with high-performance compression systems and services that are reliable and efficient,” said Todd Wyman, president of Ingersoll Rand Compression Technologies and Services. “We are delighted to add this customer center to our global network, and thrilled to welcome employees and customers to a new direct relationship with Ingersoll Rand.”

Osterbauer Equipment Services has been an Ingersoll Rand Compressed Air Equipment and Accessories Distributor since 1934. Its employees will join the Ingersoll Rand team and continue to provide sales, service, parts and engineering support for compressed air systems from the existing Buena Park location. This location includes a 24,000-square-foot facility with unique rental storage and service, and shop service capabilities.

About Ingersoll Rand

Ingersoll Rand (NYSE:IR) advances the quality of life by creating comfortable, sustainable and efficient environments. Our people and our family of brands — including Club Car®, Ingersoll Rand® — work together to enhance the quality and comfort of air in homes and buildings; transport and protect food and perishables; and increase industrial productivity and efficiency.  Ingersoll Rand products range from complete compressed air systems, tools and pumps to material and fluid handling systems. The diverse and innovative products, services and solutions enhance our customers' energy efficiency, productivity and operations. We are a global business committed to a world of sustainable progress and enduring results. For more information, visit www.ingersollrand.com.

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