At that time, the American Standard brand could be purchased by practically any licensed HVAC Contractor. Trane now becomes a wholly owned subsidiary of Ingersoll Rand and Trane common stock was no longer publicly traded as of the close of trading on the New York Stock Exchange June 5. They’re put together by the same people & machines, on the same conveyer belts, right next to each other. GDI was subsequently renamed Ingersoll-Rand, … Most HVAC manufacturers and distributors work on a tiered pricing model. Not only are both brands manufactured in the same facility (in Tyler, Texas), they go down the same assembly line. We intend to build on that momentum.”, Lamach added, “With the power of Ingersoll Rand behind our two brands, we’re poised to deliver new opportunities to enhance the business of our distributors and dealers, as well as the quality, health, and comfort of the air in our customers’ homes and buildings.”, Ingersoll Rand Introduces Future Climate Company, Trane Technologies. Update March, 2020: In April 2019, Ingersoll Rand and Industrial Manufacturer, Gardner Denver announced the two companies would merge under the name Ingersoll Rand and the Trane brand would no longer be part of the Ingersoll Rand family of brands. Other examples include Goodman, Daikin & Amana (same manufacturer), Carrier & Bryant (same manufacturer) and Rheem & Ruud (same manufacturer). I’ve personally visited the manufacturing facilities of almost every major HVAC (Heating, Ventilation, and Air Conditioning) manufacturer on the market. You’ll notice I referred to the manufacturing facility of both brand names as one, that was no accident. Built up by more than 160 years of acquisitions and innovations, today's Ingersoll Rand brands offer market-leading solutions and services to help make life better. Aside from the Duratuff top on a few models we already discussed, what is the difference between Trane & American Standard? It operates Climate segment that delivers energy-efficient products and energy services. One of our core principles is something we call Dual Citizenship. Ultimately that cost is passed on to the consumer just like any other product. The more access we have to parts, the faster service we can deliver to our clients. None of Trane's See Mike Lamach's compensation, career history, education, & memberships. Really, the only reason was to assure the best experience we could for our clients. Again, the major difference in the brands is the distribution network, which varies throughout the country. Ingersoll-Rand will pay $36.50 in cash and 0.23 Ingersoll-Rand shares for each share of Trane… did a more thorough evaluation of my home? Some information on these pages may relate to historical data for Trane Technologies plc (formerly known as Ingersoll-Rand plc) as a combined company operating with two business segments: Climate and Industrial. “Ingersoll Rand is firmly committed to the American Standard Heating & Air Conditioning brand and its premier distributor and dealer network. According to Henkel, “with the addition of Trane, Ingersoll Rand is composed of businesses that offer better balance across product and geographic markets, leadership brands, strong market shares, growing global presence, and powerful distribution networks, all of which enhance the potential for improved growth, earnings, and cash flow. Bottom line: It’s extremely important to research the caliber of the installing HVAC Contractor. It’s all part of our philosophy of offering “Options not Ultimatums”, and the reason we offer many brands. Some information on these pages may relate to historical data for Trane Technologies plc (formerly known as Ingersoll-Rand plc) as a combined company operating with two business segments: Climate and Industrial. The Trane name seems to hold more weight locally amongst the general public than its sister brand. We also purchase lots of installation materials and supplies through that wholesaler. “Down the road, growth and collaboration opportunities may exist with common customers. Under the American Standard name, the DuraTuff top can be purchased at an additional cost, and field installed. Our channel partners should see no changes for the foreseeable future. However, technical support and service “direct” from the manufacturer is often stronger than it is from a 3rd party who also sells other brands. Are there any opportunities for synergies among the broad spectrum of brands? American Standard vs Trane. Company does not beneficially own any Ingersoll-Rand Industrial shares of common stock and will no longer consolidate Ingersoll-Rand Industrial into its financial results. That said, there are a number of great contractors who’ve been selling American Standard in Phoenix for many years. Ingersoll-Rand (IR) is an Ireland-based industrial conglomerate with a $30 billion market cap and 49,000 employees. Copyright © 2021 Magic Touch Mechanical. Ingersoll-Rand US Trane Holdings Corporation has 29000 total employees across all of its locations and generates $9.98 billion in sales (USD). American Standard is a well-known brand but is most typically associated with plumbing fixtures and products. Of the units we’ve installed, thousands of them were Trane and American Standard. From every perspective - customer, employee, and shareholder - we believe this transaction will create substantial value over the long term. The answer, of course, is a reverse Morris Trust transaction. The reason we offer several different brands when proposing a new air conditioning system installation is: We believe in promoting Magic Touch Mechanical, not the manufacturer’s brand. By visiting this website, certain cookies have already been set, which you may delete and block. Magic Touch Mechanical was a “Trane Comfort Specialist Dealer” for more than 15-years. It’s business as usual. The financial terms of the deal were not disclosed and are not material. Also, we will pursue growth synergies, including service revenue expansion and cross selling.”. Lamach came over from Ingersoll Rand. Magic Touch, while not huge, is larger than the average HVAC contracting / home service company according to statistics. Aside from that difference the rest of the equipment lineup and components are identical. Ingersoll Rand's total return misses the Dow average by 1.32% for my 36-month test period, which is poor. 2020 The Gardner-Denver Company merges with the industrial businesses of Ingersoll Rand plc (now known as Trane Technologies) and becomes Ingersoll Rand Inc. Specifically, there are obvious areas where the businesses have a high degree of common interest, such as refrigerant technologies and compressors, which are at the heart of climate control systems. I’ve watched both Trane and American Standard units going down the same assembly line first-hand during several trips to their factory. Lastly, more people ask for Trane by name than ask for American Standard. Third party suppliers and the manufacturers have contracts that allow for exclusivity, which is only fair for the suppliers. It’s important to know, we aren’t biased one way or the other as we also install many competing brands. We hear the same questions time and time again: Is Trane better than American Standard? The parent company of the Trane and American Standard brands is the manufacturing giant Ingersoll Rand. Full disclosure; Trane charges dealers a “marketing fund” in many areas, which is attached to each piece of equipment purchased. Ingersoll Rand also owns approximately half a dozen other brands including Club Car, a well-known golf cart manufacturer. Ingersoll-Rand plc IR recently announced that its climate company will be known as Trane Technologies plc. The new Ingersoll Rand and Trane will both be located on … Here’s why: First, I should mention we still do business with the 3rd party distributor who sells American Standard in Phoenix. Europe's largest cooling system Map of the Channel Tunnel The climate company will be named Trane Technologies plc, elevating its market leading Trane® brand and celebrating the power of technological innovation. Manufacturers typically have more resources available than 3rd party supply houses. The air conditioning and heating contractor (dealer) naturally needs to add that into their cost of goods sold. Trane is the leader in indoor air quality in the residential HVAC market, and American Standard Heating & Air Conditioning is the fastest growing premium brand in the HVAC industry. We’ve found the customer service from these networks varies by location. Here’s the real deal. Choosing the right company and assuring the unit is installed correctly is more important than the brand, model, or efficiency. So, I decided to write a detailed article explaining the distinction between the two brand names. Contractor B! Ingersoll-Rand Company Limited (Ireland based company) acquired Trane Inc. formerly American Standard Companies Inc., in a transaction valued at approximately $10.1 billion, including transaction fees and the assumption of approximately $150 million of Trane net debt. The manufacturer simply must keep replacement parts in stock locally! Trane shareholders overwhelmingly approved the acquisition in a special meeting at Trane’s headquarters in Piscataway, N.J. We ultimately decided to switch back to Trane. “In particular, the Trane acquisition allows us to offer a full range of heating, air conditioning, and climate control systems and services that enhance personal comfort, preserve food and perishables, and increase business efficiency. Under terms of the agreement, Ingersoll Rand acquired all outstanding common stock of Trane. Under the Trane name, these models are equipped with the DuraTuff top. In fact…. Trane does not supply refrigerant compressors to Ingersoll-Rand at present. In the first quarter 2020, we completed a spin-off of our Industrial business which was subsequently combined with Gardner Denver Holdings, Inc. (“GDI”). Visit our updated. Contact us today to learn more about our Trane air conditioning installation services. Your toilet, sink, or faucets may be American Standard. On the same note; we have a large vehicle fleet, offices, uniformed technicians, a training facility for our technicians, etc. The original Ingersoll Rand becomes Trane Technologies, trading under the ticker symbol TT. It’s important to note; that marketing fee doesn’t necessarily mean the contractor is paying more for Trane than American Standard. When we look at Trane’s global leadership positions in commercial HVAC and residential HVAC, through its powerful Trane and American Standard® Heating & Air Conditioning brands, we see enormous potential, especially with our roster of climate control businesses, Thermo King and Hussman. Even the best, most reliable, most efficient equipment can be the wrong choice if not installed or commissioned correctly. Long wait times for parts, delivery issues, etc., meant clients with Trane products weren’t getting the service they deserved. 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