AI-driven buildouts plus aging housing/reshoring tailwinds, with management targeting debt reduction (from ~$5.7B to ~$3.5B) ...
The company raised about $2.2 billion, exceeding Forgent Power Solutions IPO in February.
BNP Paribas’ U.S. HVAC outlook: data centers and AI boost Vertiv & Trane, while residential demand drags into 2026.