Focus Strategies Investment Banking Advised Trace Analytics on its Sale to Ingersoll Rand
has been acquired by
Austin, Texas – (May 31, 2023) – Trace Analytics, LLC (“Trace Analytics” or the “Company”), which specializes in the analysis of compressed air and gas used in manufacturing, breathing air, and medical facilities, has been acquired by Ingersoll Rand (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions. Focus Strategies Merchant Banking, LLC (“Focus Strategies”) served as the exclusive financial advisor to Trace Analytics, which closed on May 1, 2023.
Austin-based Trace Analytics utilizes its accredited lab facility and state-of-the-art equipment to provide compressed air quality analyses to dive facilities, fire departments, branches of the United States military and government, and general industry users. For over thirty years, the Company has provided services to customers worldwide and has built an extensive international network of independent distributors.
Trace Analytics CEO, Nikki Smith, stated, “We are excited to join the Ingersoll Rand family and look forward to strengthening our market position, benefiting from synergies among other companies within the group, and broadening our exposure to new geographies. We are thankful for Terese Everson and the Focus Strategies team for their guidance and expertise to get this transaction closed.”
“Trace Analytics was a well-run family business that was formed more than 30 years ago in Austin. It was a pleasure assisting them in becoming part of a global solutions provider. We were happy to advise the owners and enjoyed working with all parties of the transaction,” said Terese Everson, Managing Director at Focus Strategies.
Focus Strategies Investment Banking is a premier middle-market investment bank based in Austin, Texas that serves the unique needs of privately-held businesses seeking capital or ownership transition. For the last 23 years, Focus Strategies has specialized in merger and acquisition advisory, capital-raising, and strategic advisory services for established founder-owned and closely-held companies. Since its formation in 1999, Focus Strategies has sought to build long-term relationships with its clients earned through outstanding service, integrity, and trust.