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Trane Technologies to acquire Cancoil Thermal

PRIVATENov 04, 2026

Acquiring Company

Trane Technologies

Acquired Company

Cancoil Thermal Corporation

OntarioOtherFinancial ServicesManufacturing

Description

Trane Technologies has agreed to acquire Cancoil Thermal Corporation, a North American manufacturer of heat-transfer products. The acquisition includes Cancoil's operations in Ontario, Canada and Jacksonville, Texas, and more than 450 employees. Terms were not disclosed, and closing is expected before the end of 2026 subject to regulatory approval. Cancoil is already a Trane supplier for its chiller and airside businesses.

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Company Information

Company

Trane Technologies

About

Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our environmentally responsible portfolio of products and services, we bring efficient and sustainable climate solutions to buildings, homes, and transportation. Learn more at tranetechologies.com. This news release includes “forward-looking statements,” which are statements that are not historical facts, including statements about the proposed transaction and the anticipated timing thereof; the expected benefits of the proposed transaction, the projected growth of the healthcare manufacturing market, the impact of the transaction on our financial positions, results of operations, cash flows, financing plans, business strategy, operating plans, capital and other expenditures and competitive positions. These forward-looking statements are based on our current expectations and are subject to risks and uncertainties, which may cause actual results to differ materially from our current expectations. Such factors include, but are not limited to, our ability to timely obtain necessary regulatory approvals of the proposed transaction and to timely complete the proposed transaction; our ability to fully realize the expected benefits of the proposed transaction; negative effects of announcement or consummation of the proposed transaction on the market price of the company’s ordinary shares; significant transaction costs and/or unknown liabilities; general economic and business conditions that may impact the companies in connection with the proposed transaction; the impact of the proposed transaction on the company’s employees, customers and suppliers; and the ability of the companies to successfully integrate operations after the transaction. Additional factors that could cause such differences can be found in our Form 10-K for the year ended December 31, 2020, as well as our subsequent reports on Form 10-Q and other SEC filings. We assume no obligation to update these forward-looking statements.

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Frequently asked

Who acquired Cancoil Thermal Corporation?

Cancoil Thermal Corporation was acquired by Trane Technologies. The deal was reported on November 4, 2026. Trane Technologies is a global climate innovator. Trane Technologies is privately held and operates in Other.

When did Trane Technologies acquire Cancoil Thermal Corporation?

Trane Technologies's acquisition of Cancoil Thermal Corporation was reported on November 4, 2026. Trane Technologies has agreed to acquire Cancoil Thermal Corporation, a North American manufacturer of heat-transfer products. The acquisition includes Cancoil's operations in Ontario, Canada and Jacksonville, Texas, and more than 450 employees. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Cancoil Thermal Corporation do?

Cancoil Thermal Corporation is a leading North American manufacturer of heat-transfer products. Established in 1983, it specializes in engineering and manufacturing tailored products for its customers. It is privately held, operating in Manufacturing, and is based in Ontario.

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