Thermo King
Thermo King is the world leader in transport temperature control systems, manufacturing refrigeration units, auxiliary power units, and telematics for trucks, trailers, buses, rail, and marine fleets. The company distributes through an authorized nationwide dealer network and operates as a subsidiary of Ingersoll Rand.
- Company typePrivate
- Founded1938
- HeadquartersBaton Rouge, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Thermo King does
Thermo King, founded in 1938 and acquired by Ingersoll Rand in 2010, is the world leader in transport temperature control systems, manufacturing refrigeration units and auxiliary power units (APUs) for trucks, trailers, buses, rail cars, and marine vessels. Its product portfolio spans truck refrigeration (T-Series, V-Series, Precedent), trailer units (Precedent series), bus HVAC (Athenia, IntelligAIRE III, ShuttleAIRE, RLF, SLR Series), rail cargo and passenger climate control, marine generator sets and refrigeration, heating and freeze protection products (Coldtainer, Heat King), and the TriPac APU line for reducing engine idling. The company also offers ConnectedSuite telematics for remote monitoring and control of refrigeration units, plus power management solutions for transport applications.
Thermo King distributes exclusively through an authorized nationwide dealer network rather than direct enterprise sales. Each dealer provides sales, factory-trained service, and a complete line of genuine and competitive parts. Tri-State Refrigeration is one such dealer operating six locations across Louisiana and Mississippi under the Thermo King brand, including sites in Baton Rouge, New Orleans, Hammond, Scott, Shreveport, and Gulfport. Dealers like Tri-State also carry adjacent product lines such as RedDOT and MEI heavy-duty A/C and offer refrigerated storage trailer rentals on daily, weekly, and monthly terms.
The business model is built on hardware sales (new refrigeration units, APUs, parts), recurring service and repair revenue through dealers, and usage-based rental income from refrigerated storage trailers. Payment terms are Net 10 days on unit sales and Net 30 days on parts and service. The customer base is segmented across trucking fleets, bus and coach operators, rail cargo and passenger operators, and marine vessel operators — with trucking and trailer fleets described as the primary segment. The company is private, operates as a subsidiary of Ingersoll Rand, and is headquartered in the United States.
Thermo King firmographics
Firmographics- Name
- Thermo King
- Legal name
- Thermo King
- Website
- https://tsrtk.com
- Company type
- Private
- Founded year
- 1938
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Thermo King is the world leader in transport temperature control systems, manufacturing refrigeration units, auxiliary power units, and telematics for trucks, trailers, buses, rail, and marine fleets. The company distributes through an authorized nationwide dealer network and operates as a subsidiary of Ingersoll Rand.
- Ownership category
- akta.pro rank
Thermo King industry classification
Industry- Product category
- Transport Refrigeration
- NAICS
- Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)
- SIC
- Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Refrigeration & Service Industry Machinery (3580)
- akta.pro primary industry
- Refrigeration & Cold-Chain Equipment MRO (Transport Reefers, Refrigerated Containers) (TLAKAHAH)
- akta.pro secondary industries
- Refrigeration Components & Controls (Compressors, Valves, Sensors) (IMAHAKAH), Preventive Maintenance Programs for Refrigeration Systems (HSAOAJAL), Refrigerated Transport (Reefer) Temperature Recorder Calibration & Validation (TLAKANAM)
Keywords
Where Thermo King is headquartered
LocationHeadquarters
- HQ city
- Baton Rouge
- HQ country
- United States
- HQ region
- North America
Offices6 records
Markets served
Thermo King business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Refrigeration Unit Sales: Sale of new Thermo King refrigeration units for trucks, trailers, buses, marine, and rail applications
- Parts & Accessories: Genuine and competitive parts for temperature control systems
- Service & Repairs: Factory-trained service and repairs through authorized dealer network
- Rental Storage Trailers: Daily, weekly, and monthly rental of refrigerated storage trailers
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Unit Sales - Net 10 days |
| Transaction based/ take rate | Pay-as-you-go | Parts and Service - Net 30 days |
| Usage-based | Pay-as-you-go | Refrigerated Storage Trailer Rentals |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Thermo King product offering
Product offeringCore offering
Thermo King manufactures and distributes transport temperature control systems (refrigeration units) for trucks, trailers, buses, rail cars, and marine vessels. The company also produces auxiliary power units (APUs), telematics solutions through its ConnectedSuite platform, and Power Management solutions tailored to commercial transport and cold-chain applications.
Product overview
Thermo King is a world leader in transport temperature control systems, offering a comprehensive portfolio of refrigeration and climate control solutions. The product lineup spans multiple transport segments: Truck and Small Truck refrigeration units for cargo transportation; Trailer units for semi-trailers; Bus climate control systems including Athenia, IntelligAIRE® III, RLF, ShuttleAIRE®, SLR Series, and T-Series; Auxiliary Power Units (TriPac APU product line) for reducing engine idling; Heating & Freeze Protection products including Coldtainer® and Heat King®; Marine Solutions with generator sets and refrigeration units; and Rail solutions for both cargo and passenger rail cars. Core technology offerings include the Connected Suite telematics platform for remote monitoring and Power Management solutions. The company serves the transport cold chain industry across trucks, trailers, buses, and rail cars with factory-trained service through authorized dealer networks.
Differentiator
Problem solved
Functional benefit
Brands
- TriPac APU: Auxiliary Power Unit product line for transport temperature control
- Precedent
- T-Series
- Bus HVAC
- V-Series
- Heating & Freeze Protection
- Marine Solutions
- Rail Solutions
Products and services
- Transport Refrigeration Units Refrigeration units designed for trucks, trailers, buses, rail cars, and marine vessels to maintain precise temperature control for perishable and temperature-sensitive cargo during transport.
- Auxiliary Power Units (APUs) Auxiliary power units for over-the-road trucks that provide cab climate control and power without idling the main engine, reducing fuel consumption and emissions.
- ConnectedSuite Telematics Telematics platform that provides real-time monitoring of temperature, location, and asset performance for refrigerated transport fleets, enabling fleet managers to maintain cold chain integrity and operational visibility.
- Power Management Solutions Power management solutions designed for transport applications to optimize energy use and reduce fuel consumption in commercial vehicles.
Companies that use Thermo King
Customer profileSegments4 records
Ideal customer profiles2 records
Thermo King technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Thermo King partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Tri-State RefrigerationcoreTri-State Refrigeration is a Thermo King authorized Sales, Service and Parts dealership location. As part of Thermo King's unmatched nationwide dealer network, they provide expert factory-trained service, genuine parts, and competitive parts. The company has been locally owned and operated since 1995 with 6 locations across Louisiana and Mississippi.
Scale indicators2 records
Recent moves5 records
Expansion highlights5 records
Thermo King competitors and assessment
Company assessmentDirect peers
- Carrier Transicold: Carrier Transicold is the primary direct competitor to Thermo King in transport refrigeration units for trucks, trailers, rail, and marine. Operates a comparable dealer/service network and the Lynx Fleet telematics platform — directly comparable across product, customer base, and business model.
- Dometic Group: Dometic produces transport refrigeration and mobile cooling products for trucks, trailers, and marine. Comparable product categories in transport cold chain and similar dealer/distributor-driven sales model.
- Daikin Reefer: Daikin (via Daikin Reefer and the former Zanotti acquisition) produces transport refrigeration units and cold-chain equipment, competing with Thermo King in trailer and small truck refrigeration across Europe and increasingly North America.
- MEI Corporation: MEI supplies heavy-duty air conditioning and heating components for commercial vehicles, a product line the dealer also carries. Direct competitor in aftermarket parts and service for bus/truck HVAC.
- RedDOT: RedDOT manufactures heavy-duty HVAC and heating systems for commercial vehicles, buses, and off-highway equipment — overlapping with Thermo King's bus HVAC and climate control product lines.
- Webasto Thermo & Comfort: Webasto manufactures transport refrigeration, bus HVAC, and cold-chain solutions — directly overlapping with Thermo King's bus and truck climate product lines. Competes particularly in bus HVAC and small payload refrigeration.
Broad incumbents
- Utility Trailer Manufacturing: Utility Trailer is a major refrigerated trailer OEM that spec Thermo King or Carrier reefers. Adjacent/comparable as a buyer of transport refrigeration and a key channel partner for the dealer network.
- Thermo King (Ingersoll Rand Climate): The parent brand and OEM manufacturer providing the products the dealer sells. Operates globally as a diversified transport refrigeration OEM with full R&D, manufacturing, and corporate dealer programs — broader scope than the regional dealer.
- Wabash National (Cold Chain Trailers): Wabash National produces refrigerated trailers and OEMs refrigeration units — a downstream customer and adjacent industry participant; comparable in cold-chain logistics infrastructure and customer base.
Emerging players
- Mobile Climate Control (MCC): MCC specializes in HVAC and climate control for buses, off-highway, and specialty vehicles — directly comparable in bus HVAC product category to Thermo King's bus product line.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Thermo King social profiles
Digital presenceThermo King financial estimates
Financial estimateRevenue estimate
Valuation estimate
Thermo King leadership team
Management profileNumber of profiles
Thermo King funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Thermo King M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Thermo King
What does Thermo King do?
Thermo King manufactures and distributes transport temperature control systems (refrigeration units) for trucks, trailers, buses, rail cars, and marine vessels. The company also produces auxiliary power units (APUs), telematics solutions through its ConnectedSuite platform, and Power Management solutions tailored to commercial transport and cold-chain applications.
Is Thermo King a public or private company?
Thermo King is a private company. It is classified as corporate owned and is currently operating.
When was Thermo King founded?
Thermo King was founded in 1938. It employs 11 to 50 people.
Where is Thermo King based?
Thermo King is headquartered in Baton Rouge, United States, in the North America region.
How does Thermo King make money?
Four revenue lines are on record. Refrigeration Unit Sales are the primary driver. The others are parts & Accessories, service & Repairs and rental Storage Trailers.
Who are Thermo King's main competitors?
Direct peers on record are Carrier Transicold, Dometic Group, Daikin Reefer, MEI Corporation, RedDOT and Webasto Thermo & Comfort. Broad incumbents are Utility Trailer Manufacturing, Thermo King (Ingersoll Rand Climate) and Wabash National (Cold Chain Trailers). Mobile Climate Control (MCC) is listed as an emerging player.
Does Thermo King have an API?
No public API is recorded for Thermo King.
What industry is Thermo King in?
Thermo King's product category is Transport Refrigeration. Its primary akta.pro industry code is TLAKAHAH, Refrigeration & Cold-Chain Equipment MRO (Transport Reefers, Refrigerated Containers), with a secondary code of IMAHAKAH, Refrigeration Components & Controls (Compressors, Valves, Sensors). Its NAICS code is 333415 and its SIC code is 3585.