Deal closed Oct 2007 Verified
Trane Completes Sale of Bath and Kitchen Business to Bain Capital
Trane (formerly American Standard) completed the sale of its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC on October 31, 2007, as part of its plan to separate its three businesses.
“On Oct. 31, we completed the sale of our Bath and Kitchen business to Bain Capital, and in November, we changed our name from American Standard Companies to Trane.”
Entities
Bain Capital · Acquirer Trane Inc. · Target
Other Sentiment: Neutral
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