Ingersoll-Rand Compressor
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Ingersoll-Rand Compressor
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Randplc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets. Based in Davidson, North Carolina, Ingersoll Rand operates in two segments: Industrial Technologies and Services and Precision and Science Technologies. History History of Ingersoll Rand Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York, and in 1888, it combined with Sergeant Drill to form Ingersoll Sergeant Drill Company. Also in 1871, brothers Addison Rand and Jasper Rand, Jr. established Rand Drill Company with its main manufacturing plant in Tarrytown, New York. Rand drills cleared New York's treacherous Hell Gate channel and were used in the construction of water aqueducts for New Yor ...
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Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ...
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Quincy, Illinois
Quincy ( ) is a city in Adams County, Illinois, United States, and its county seat. Located on the Mississippi River, the population was 39,463 as of the 2020 United States census, 2020 census, down from 40,633 in 2010. The Quincy, Illinois, micropolitan area, Quincy micropolitan area had 114,649 residents. Known as Illinois's "Gem City", Quincy was a thriving transportation center as riverboats and rail service linked the city to many destinations west and along the river during the 19th century. It was Illinois' second-largest city, surpassing Peoria, Illinois, Peoria in 1870. The city has several historic districts, including the Downtown Quincy Historic District and the South Side German Historic District, which display the architecture of Quincy's many German immigrants from the late 19th century. History Early history Quincy's location along the Mississippi River has attracted settlers for centuries. The New France, French became the first European presence to colonize t ...
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Chiller
A chiller is a machine that removes heat from a liquid coolant via a vapor-compression refrigeration, vapor-compression, adsorption refrigeration, or absorption refrigerator, absorption refrigeration cycles. This liquid can then be circulated through a heat exchanger to cool equipment, or another process stream (such as air or process water). As a necessary by-product, refrigeration creates waste heat that must be exhausted to ambience, or for greater efficiency, recovered for heating purposes. Vapor compression chillers may use any of a number of different types of compressors. Most common today are the hermetic scroll, semi-hermetic screw, or centrifugal compressors. The condensing side of the chiller can be either air or water cooled. Even when liquid cooled, the chiller is often cooled by an induced or forced draft cooling tower. Absorption and adsorption chillers require a heat source to function. Chilled water is used to Air conditioning, cool and dehumidify air in mid- to ...
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Italy
Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land border, as well as List of islands of Italy, nearly 800 islands, notably Sicily and Sardinia. Italy shares land borders with France to the west; Switzerland and Austria to the north; Slovenia to the east; and the two enclaves of Vatican City and San Marino. It is the List of European countries by area, tenth-largest country in Europe by area, covering , and the third-most populous member state of the European Union, with nearly 59 million inhabitants. Italy's capital and List of cities in Italy, largest city is Rome; other major cities include Milan, Naples, Turin, Palermo, Bologna, Florence, Genoa, and Venice. The history of Italy goes back to numerous List of ancient peoples of Italy, Italic peoples—notably including the ancient Romans, ...
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Friuli
Friuli (; ; or ; ; ) is a historical region of northeast Italy. The region is marked by its separate regional and ethnic identity predominantly tied to the Friulians, who speak the Friulian language. It comprises the major part of the autonomous region Friuli-Venezia Giulia, i.e. the administrative Provinces of Italy, provinces of Province of Udine, Udine, Province of Pordenone, Pordenone, and Province of Gorizia, Gorizia, excluding Province of Trieste, Trieste. Names The name originates from the ancient Roman town of ("Julius Caesar, Julius' Forum (Roman), Forum"), now Cividale del Friuli. Geography Friuli is bordered on the west by the Veneto region with the border running along the Livenza river, on the north by the crest of the Carnic Alps between Carnia and Austrian Carinthia (state), Carinthia, on the east by the Julian Alps, the border with Slovenia and the Timavo river, and on the south by the Adriatic Sea. The adjacent Slovene parts of the Soča/Isonzo valley f ...
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Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a wholly owned subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation ( Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network ...
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Club Car
Club Car is an American company that manufactures electric and gas-powered golf carts and small utility vehicles for personal and commercial use. It is currently owned by Platinum Equity after being acquired in 2021. Before that, the company was a business unit of the Ingersoll Rand corporation in its Industrial Technologies division. It is one of the largest employers in Columbia County, Georgia. History Originally established in 1958 in Houston, Texas as Landreath Machine, Club Car was purchased by Bill Stevens, Jr., renamed, and moved to Augusta, Georgia in 1962 where its primary headquarters reside. A group of eight executives from EZGO purchased the company in 1978 to begin running their own business, establishing Club Car as an in-town rival in the golf cart industry. One of the first Club Car executives was EZGO cofounder William Dolan. It was acquired by Ingersoll Rand in 1995 as part of the company's Infrastructure division, but was merged with Bobcat The bobc ...
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Ingersoll-Rand Compressor
Ingersoll Rand Inc. is an American multinational company that provides flow creation and industrial products. The company was formed in February 2020 through the spinoff of the industrial segment of Ingersoll-Randplc (now known as Trane Technologies) and its merger with Gardner Denver. Its products are sold under more than 40 brands across all major global markets. Based in Davidson, North Carolina, Ingersoll Rand operates in two segments: Industrial Technologies and Services and Precision and Science Technologies. History History of Ingersoll Rand Simon Ingersoll founded Ingersoll Rock Drill Company in 1871 in New York, and in 1888, it combined with Sergeant Drill to form Ingersoll Sergeant Drill Company. Also in 1871, brothers Addison Rand and Jasper Rand, Jr. established Rand Drill Company with its main manufacturing plant in Tarrytown, New York. Rand drills cleared New York's treacherous Hell Gate channel and were used in the construction of water aqueducts for New Yor ...
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Reverse Morris Trust
A Reverse Morris Trust is the term for a type of financial transaction in United States law that combines a divisive reorganization (spin-off) with an acquisitive reorganization ( statutory merger) to allow a tax-free transfer (in the guise of a merger) of a subsidiary. It may be especially useful when one publicly-traded C-corporation wants to sell an asset of at least $1 billion to another publicly-traded C-corporation. Structure A Reverse Morris Trust is used when a parent company has a subsidiary (sub-company) that it wants to sell in a tax-efficient manner. The parent company completes a spin-off of a subsidiary to the parent company's shareholders. Under Internal Revenue Code section 355, this could be tax-free if certain criteria are met. The former subsidiary (now owned by the parent company's shareholders, but separate from the parent company) then merges with a target company to create a merged company. Under Internal Revenue Code section 368(a)(1)(A), this transacti ...
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Cooper Industries
Cooper Industries was an American worldwide electrical products manufacturer headquartered in Houston, Texas. Founded in 1833, the company had seven operating divisions including Bussmann electrical and electronic fuses; Crouse-Hinds Company, Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. In 2011, 59% of total sales were to customers in the industrial and utility end-markets and 40% of total sales were to customers outside the United States. Cooper has manufacturing facilities in 23 countries as of 2011. On November 26, 2012, it was announced that the company will be replaced in the S&P 500 index, since its takeover by Eaton Corporation. History Cooper Industries was founded in 1833 by brothers Charles and Elias Cooper. The company started as a foundry located in Mt. Vernon, Ohio, and was initially called the C&E Cooper Company. Cooper's initial product offerings included plows, ...
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Cooper-Bessemer
Cooper-Bessemer was a brand of industrial engines and compressors manufactured in Mount Vernon, Ohio. The Cooper-Bessemer Corporation was formed when the C. & G. Cooper Company (founded in 1833) and the Bessemer Gas Engine Company (founded in 1899) merged in 1929. In 1965, the company was renamed to Cooper Industries and relocated to Houston, Texas Houston ( ) is the List of cities in Texas by population, most populous city in the U.S. state of Texas and in the Southern United States. Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the county seat, seat of .... In the 1990s, Cooper Industries' Petroleum and Industrial Equipment Group was spun off to become Cooper Cameron Corporation, known as the Compression Systems group of Cameron International Corporation. Cooper Machinery Services is the current original equipment manufacturer for Cooper-Bessemer engines. Products Engines In 1929, Cooper-Bessemer products included gas engine-driven com ...
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Dresser Industries
Dresser Industries was a multinational corporation headquartered in Dallas, Texas, United States, which provided a wide range of technology, products, and services used for developing energy and natural resources. In 1998, Dresser merged with its main rival Halliburton. Halliburton sold many of former Dresser non "oil patch" divisions, retaining the M W Kellogg Engineering and Construction Company and the Dresser oil-patch products and services that complemented Halliburton's energy and natural resource businesses. In 2001 Halliburton sold five separate, but somewhat related former Dresser non "oil patch" divisions, to an investment banking firm. Those five operations later took the name "Dresser Inc." In October 2010, Dresser Inc., was acquired by General Electric. It is headquartered in Addison, Texas. History Solomon Robert Dresser invented a "packer", using rubber for a tight fit, and after taking out a patent on May 11, 1880, he began advertising and selling his product, ...
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