Company:Goodman Global
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| Type | Private |
|---|---|
| Industry | HVAC |
| Founded | 1975 San Antonio, Texas, U.S. |
| Founder | Harold V. Goodman |
| Headquarters | Waller, Texas, U.S. |
Area served | United States, Canada |
Key people | Takeshi Ebisu (CEO) |
| Brands | Amana GMC Goodman Janitrol |
| Revenue |  $2.6 billion (2013) |
Number of employees | 5,000+ |
| Parent | Daikin |
| Website | www |
Goodman Manufacturing is an American company operating as an independent subsidiary [1][2] of Daikin Group, the world's largest manufacturer of heating, ventilation and air conditioning products and systems.[3]
Goodman is located in the $417 million Daikin Texas Technology Park.[4]
History
In 1982, the company acquired Janitrol and entered the HVAC market,[5] expanding its product offering in 1986 to include gas heating products. Harold V. Goodman died in 1996 and was succeeded by Frank H. Murray who became chairman and CEO in April 1996.
In 1997, Murray initiated and spearheaded the Goodman acquisition of[6] Raytheon Appliances, the predecessor of Amana Corporation, a manufacturer of appliances and HVAC units. Four years later, in 2001, Goodman separated its appliances business from its HVAC business and sold it to Maytag Corporation.[7]
In 2004, Goodman was acquired by Apollo Management, a private equity firm, for approximately $1.43 billion.[8] Just a year and a half later, in April 2006, Goodman completed an initial public offering, listing on the New York Stock Exchange.[9]
In October 2007, Goodman agreed to be acquired by Hellman & Friedman, a San Francisco-based private equity firm, in a $1.8 billion transaction.[10] In August 2012, Hellman & Friedman agreed to sell Goodman Global to Japan's Daikin Industries Ltd. for $3.7 billion.
In 2015, Daikin commenced construction of the state-of-the-art Daikin Texas Technology Park campus near Houston, Texas. This project, costing over $400 million, was the largest investment made in Daikin’s 90-year history. In October 2016, operations at the new facility ramped up and the first Goodman air conditioner and gas furnace units came off the line.[11]
In 2017, the construction of the huge facility concluded to consolidate Goodman’s HVAC manufacturing, engineering, logistics, and customer support under one, very large 4.1 million square foot roof.[12]
In 2017, Goodman acquired property technology (proptech) company Motili, to expand its HVAC market reach.[citation needed]
Daikin Industries acquired Goodman in August 2012.[13] Effective April 1, 2022, the company was renamed Daikin Comfort Technologies North America, Inc.[14]
Brands
- Amana Heating and Cooling
References
- ↑ "StackPath". 29 August 2012. https://www.contractormag.com/management/business-development/article/20878369/daikin-buys-goodman-for-37-billion.
- ↑ "Japan's Daikin to Buy U.S. Peer Goodman". Wall Street Journal. 29 August 2012. https://www.wsj.com/articles/SB10000872396390444506004577618191239376880.
- ↑ "History Behind The Growth | HVAC | Goodman Manufacturing". https://www.goodmanmfg.com/about/history.
- ↑ "Daikin celebrates grand opening at new technology park". 24 May 2017. https://communityimpact.com/houston/cy-fair/development-construction/2017/05/24/daikin-celebrates-grand-opening-at-new-technology-park/.
- ↑ "Goodman Global Files For $500 Mln IPO" (in en-US). https://www.rttnews.com/1298182/goodman-global-files-for-500-mln-ipo.aspx.
- ↑ Canedy, Dana (15 July 1997). "Sale to Remove Raytheon from Consumer Appliances". The New York Times. https://www.nytimes.com/1997/07/15/business/sale-to-remove-raytheon-from-consumer-appliances.html.
- ↑ MAYTAG GETS APPROVAL TO PURCHASE AMANA, A RIVAL. New York Times, July 14, 2001
- ↑ APOLLO TO BUY HEATING AND AIR-CONDITIONING CONCERN . New York Times, November 20, 2004
- ↑ Stock Offerings This Week. New York Times, April 3, 2006
- ↑ Maker of Heating Systems Is Bought for $1.8 Billion. The Associated Press, October 23, 2007
- ↑ "On outskirts of Houston, giant HVAC plant employs thousands". 21 May 2017. http://www.houstonchronicle.com/business/article/On-outskirts-of-Houston-giant-HVAC-plant-employs-11161770.php.
- ↑ "Goodman Air Conditioning Project - ISC Constructors" (in en-US). 2022-04-29. https://www.iscgrp.com/project/goodman-air-conditioning-project/.
- ↑ Osada, Yoshiyuki (29 August 2012). "Daikin buys Goodman for $3.7 billion, gains North America reach". https://www.reuters.com/article/business/daikin-buys-goodman-for-37-billion-gains-north-america-reach-idUSBRE87S0A9/.
- ↑ janete (2022-03-28). "Goodman Renamed Daikin Comfort Technologies" (in en-US). https://www.southernphc.com/industry-news/goodman-renamed-daikin-comfort-technologies/.
External links
- No URL found. Please specify a URL here or add one to Wikidata.
- UNbeaten Hepa Air Purifier
- How Goodman Global’s Deal Got Done
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