Goodman Manufacturing is an American company operating as an independent subsidiary of

Daikin is a Japanese multinational conglomerate company headquartered in Osaka. Daikin is the world's largest air conditioner manufacturer. History Daikin Industries Ltd was founded in 1924 as by Akira Yamada. In 1953, Daiflon or polychloro ...

Group, the world's largest manufacturer of

heating, ventilation and air conditioning Heating, ventilation, and air conditioning (HVAC ) is the use of various technologies to control the temperature, humidity, and purity of the air in an enclosed space. Its goal is to provide thermal comfort and acceptable indoor air quality. H ...

products and systems. Goodman is located in the $417 million Daikin Texas Technology Park.

History

Goodman Manufacturing was founded by Harold V. Goodman, in 1975 as a manufacturer of flexible air ducts and plastic blade registers. In 1982, the company acquired Janitrol and entered the HVAC market, expanding its product offering in 1986 to include gas heating products. Harold V. Goodman died in 1996 and was succeeded by

Frank H. Murray Frank Hardart Murray (born 1953) is an American business executive. He is founder, president and chief executive officer of InterTech Media. In the 1990s, Murray was the chairman and CEO of Goodman Manufacturing Company and engineered Goodman's ...

who became chairman and CEO in April 1996. In 1997, Murray initiated and spearheaded the Goodman acquisition of 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. In 2004, Goodman was acquired by

Apollo Management Apollo Global Management, Inc. is an American Asset Management, asset management firm that primarily invests in alternative assets. , the company had $548 billion of assets under management, including $392 billion invested in credit, including ...

, a private equity firm, for approximately $1.43 billion. Just a year and a half later, in April 2006, Goodman completed an initial public offering, listing on the New York Stock Exchange. In October 2007, Goodman agreed to be acquired by

Hellman & Friedman Hellman & Friedman LLC (H&F) is an American private equity firm, founded in 1984 by Warren Hellman and Tully Friedman, that makes investments primarily through leveraged buyouts as well as growth capital investments. H&F has focused its efforts ...

, a San Francisco-based private equity firm, in a $1.8 billion transaction. In August 2012, Hellman & Friedman agreed to sell Goodman Global to Japan's

Industries Ltd. for $3.7 billion. In 2015,

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. 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. In 2017, Goodman acquired property technology (proptech) company Motili, to expand its HVAC market reach. Daikin Industries acquired Goodman in August 2012. Effective April 1, 2022, the company was renamed Daikin Comfort Technologies North America, Inc.

Brands

* Amana Heating and Cooling

References

External links

*{{Official website
UNbeaten Hepa Air PurifierHow Goodman Global’s Deal Got Done
Daikin Cooling technology Electronics companies established in 1975 Heating, ventilation, and air conditioning companies Manufacturing companies based in Texas Private equity portfolio companies Apollo Global Management companies 1975 establishments in Texas 2006 initial public offerings 2004 mergers and acquisitions 2007 mergers and acquisitions 2012 mergers and acquisitions American subsidiaries of foreign companies Greater Houston