Latest In Ingersoll-Rand
The acquisition will strengthen the company's telematics portfolio.
Year-to-date sales for 2017 up 4.1 percent over 2016.
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Profit decreases 23.2 percent to $117.1 million in the first quarter.
Year-to-date sales increased 1.5 percent year-over-year.
Profit nearly triples to $152.4 million in the first quarter.
HVAC distributor acquires three existing Trane locations in Michigan.
Company's fourth-quarter profit jumps 435 percent.
The acquisition expands Ingersoll-Rands industrial segment.
