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At Barron's

This HVAC CEO Says 'It's OK to Disrupt Yourself'

At Barron's

At Barron's

Business

4.720 Ratings

🗓️ 28 May 2026

⏱️ 23 minutes

🧾️ Download transcript

Summary

Dave Regnery, CEO of the HVAC company Trane Technologies, spoke to Barron's editor at large Andy Serwer for a wide-ranging conversation about data centers, sustainability, and much more. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

Access to affordable credit helps me pay my employees, but I don't really need it.

0:05.0

Infliction is killing me!

0:08.0

But who cares? Big retailers are making record profits!

0:12.0

That's why we support the Durban Marshall Credit Card Bill!

0:15.0

See? Banks and credit unions help small businesses make payroll.

0:18.0

This bill would cut the vital resources they need.

0:25.1

While increasing megastore profits, they deserve it, don't they?

0:29.1

Tell Congress, stop the Durban Marshall money grab for corporate megastores.

0:31.2

Paid for it by the Electronic Payments Coalition.

0:43.3

Hello, everyone, and welcome to Ad Barons. I'm Andy Surwerwer and welcome to our guest, Dave Regnery, CEO of Train Technologies. Dave, great to see you. Thanks for joining us.

0:45.3

I'm glad to be here today. So Train is an old school HVAC company or was. There's a lot more going on today.

0:51.3

Tell us fundamentally how your company makes money. What is this

0:55.2

business that you're in? Well, we are a global player in HVAC, heating, ventilation, and air conditioning,

1:01.4

as well as in transport refrigeration. Thermo King, right? Thermo King, or Thermo King brand,

1:06.6

which is a great brand. Let me give you a little bit of history. So six years ago, we were

1:10.8

Ingersoll Rand.

1:12.4

And at that time, we made a decision to spin off our industrial business and merge it with a company called Gardner, Denver.

1:20.5

And we let that become Ingersoll Rand. And then we rebranded ourselves, trained technologies.

1:27.4

And six years ago, we were a company that was about 12 and a half people. And then we rebranded ourselves trained technologies.

1:32.7

And six years ago, we were a company that was about $12.5 billion in revenue.

1:36.7

And last year, we finished a little over $21 billion.

1:39.9

So we had a tremendous growth over the last five years.

...

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