Morrison Foerster advised Dosatron International, a leading technology solutions provider of water powered dosing pumps and systems in North America, with an established presence in attractive end markets including hydroponics, horticulture, animal health, food safety and sanitation, and water treatment, as well as its related company Dilution Solutions, in connection with their sale to Ingersoll Rand (NYSE:IR) for an all-cash upfront purchase price of approximately $90 million, with additional future consideration of up to $15 million.
Dosatron International is a customer-centric company and a leader in innovation. It brings differentiated digital controls and Industrial Internet of Things (IIoT) solutions for hydroponics, which can be leveraged across the broader Ingersoll Rand portfolio.
The MoFo deal team was led by San Diego corporate partner Jim Krenn, together with San Diego corporate associates Andrew Dixon, Pat Boyle, Shalu Atwal and Brooke Maker. The wider team included San Diego technology transactions partner Matt Ferry, New York tax partner Dave Sturgeon, San Diego tax associate Kristie Espiritu, New York executive compensation partner Josh Lerner, San Francisco executive compensation associate John O’Neill, San Diego environmental associate Krista DeBoer, Washington D.C. antitrust partner Vishal Mehta, Washington D.C. antitrust associate David Grothouse, Los Angeles real estate partner Tom Fileti, Los Angeles real estate associate Brendan Inman, San Francisco labor partner Eric Tate, San Francisco labor of counsel Chip Aubry, San Francisco labor associate Jinny Hwang, and many others.