Trane Technologies Acquires LiquidStack
February 10, 2026
Trane Technologies signed a definitive agreement to acquire LiquidStack, a Carrollton, Texas-based liquid cooling technology provider for data centers, to strengthen Trane’s end-to-end thermal management offerings for AI and hyperscale workloads. The deal includes LiquidStack’s team and manufacturing, engineering, and R&D operations in Texas and Hong Kong, with LiquidStack expected to integrate into Trane’s Commercial HVAC Americas business unit and co-founder/CEO Joe Capes to continue leading the business after closing.
- Buyers
- Trane Technologies
- Targets
- LiquidStack
- Platforms
- Trane Technologies
- Industry
- IT Services
- Location
- Texas, United States
- Transaction Type
- Addon
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