Divestiture Oct 2007 Verified
Trane Sold Bath and Kitchen Business to Bain Capital
Prior to its acquisition by Ingersoll Rand, Trane (then American Standard) sold its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC on October 31, 2007, as part of its separation into a focused HVAC company.
“On Oct. 31, 2007, the company sold its Bath and Kitchen business to funds advised by Bain Capital Partners, LLC.”
Entities
Bain Capital · Acquirer Trane Inc. · Target
Other Sentiment: Neutral
Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.