Trane Technologies Acquires Damuth Services, Inc.

Expands Trane® company-owned operations in Virginia, North Carolina and Bermuda markets

SWORDS Ireland, September 3, 2024 – Global climate innovator Trane Technologies (NYSE: TT) has acquired the assets of Chesapeake, Virginia-based Damuth Services, Inc., doing business as Damuth Trane and Trane HVAC Parts & Supplies, a leading regional distributor and service provider of HVAC systems from Trane®, along with energy and building performance services.

With this acquisition, approximately 240 Damuth Trane associates joined Trane Technologies, effective September 3, 2024. The business continues to operate from Damuth’s existing sales, service, and parts locations and will continue to serve Coastal Virginia, Northeastern North Carolina, and Bermuda.

“We are excited to officially welcome the Damuth associates and customers to the Trane business,” said Holly Paeper, president, Commercial HVAC Americas, Trane Technologies. “This is a strong business with talented people and longstanding customers. We look forward to building on Damuth’s success in the market as we combine our collective strengths to grow and deliver even greater value to commercial HVAC and supply customers across the area.”

“The Damuth team has represented Trane and served our clients’ HVAC system needs for more than half a century,” said Clint Damuth, president, Damuth Services, Inc. “I could not be prouder of the business, culture, relationships, and reputation we have built over those five decades. Now, we look forward to building on that legacy as part of Trane. We are excited about the possibilities this transition will bring to our associates, clients and the communities we serve for decades to come.”

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About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane® and Thermo King®, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Learn more at tranetechnologies.com.