Company 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. The company, founded in 1975 and based in Waller, Texas, manufactures residential heating and cooling systems. [3]
Goodman is located just outside Houston, Texas, in the $417 million Daikin Texas Technology Park. [4] [5]
Goodman Manufacturing was founded by HVAC dealer, Harold V. Goodman, in 1975 as a manufacturer of flexible air ducts and plastic blade registers. However, he turned his sights to fulfill a dream of manufacturing affordable HVAC equipment for households across the United States of America and beyond.[ citation needed ]
In 1982, the company acquired Janitrol and entered the HVAC market, expanding its product offering in 1986 to include gas heating products.[ citation needed ]
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 would sell the appliances business 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. [13]
In September 2019, the company closed a factory in Fayetteville, Tennessee and laid off about 700 workers. The closure of the factory is part of a long-term plan to relocate manufacturing jobs to a new industrial facility in Texas. [14]
The Raytheon Company was a major U.S. defense contractor and industrial corporation with manufacturing concentrations in weapons and military and commercial electronics. It was previously involved in corporate and special-mission aircraft until early 2007. Raytheon was the world's largest producer of guided missiles. In April 2020, the Raytheon Company merged with United Technologies Corporation to form Raytheon Technologies, which changed its name to RTX Corporation in July 2023.
Caloric is a brand of kitchen appliances, which dates back to 1903.
Haier Group Corporation is a Chinese multinational home appliances and consumer electronics company headquartered in Qingdao, Shandong. It designs, develops, manufactures and sells products including refrigerators, air conditioners, washing machines, dryers, microwave ovens, mobile phones, computers, and televisions. The home appliances business, namely Haier Smart Home, has seven global brands – Haier, Casarte, Leader, GE Appliances, Fisher & Paykel, Aqua and Candy.
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Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances headquartered in Benton Charter Township, Michigan, United States. In 2023, the Fortune 500 company had an annual revenue of approximately $19 billion in sales, around 59,000 employees, and more than 55 manufacturing and technology research centers globally.
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Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies.
Admiral is an American appliance brand that is currently marketed by Whirlpool Corporation and sold exclusively at The Home Depot.
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 on several core target industries including media, financial services, professional services and information services. The firm tends to avoid asset intensive or other industrial businesses. H&F is based in San Francisco, with offices in New York and London.
Watsco, Inc. is a distributor of air conditioning, heating and refrigeration equipment, and related parts and supplies (HVAC/R) in the United States. Watsco was founded more than 60 years ago as a manufacturer of parts, components, and tools used in the HVAC/R industry. In 1989, the company shifted from manufacturing to distribution, by acquiring Gemaire Distributors Inc., a South Florida-based Rheem distributor.
Daikin Applied Americas is a corporation that designs, manufacturers and sells heating, ventilation, and air conditioning (HVAC) products, systems, parts and services for commercial buildings. Since 2006, McQuay has been a subsidiary of Daikin Industries, Ltd. McQuay world headquarters are located in Minneapolis, Minnesota, United States. Products are sold by a global network of sales representatives and distributors.
Trane Technologies plc is an American-Irish domiciled company focused on heating, ventilation, and air conditioning (HVAC) and refrigeration systems. The company traces its corporate history back more than 150 years and was created after a series of mergers and spin-offs. In 2008, HVAC manufacturer Trane was acquired by Ingersoll Rand, a US industrial tools manufacturer. In 2020, the tools business was spun off as Ingersoll Rand and the remaining company was renamed Trane Technologies.
Daikin Industries, Ltd. is a Japanese multinational conglomerate company headquartered in Osaka. Daikin is the world's largest air conditioner manufacturer.
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John Bailey Goodman is an American businessman and polo player whose wealth originates in the family appliance and air conditioning businesses, Goodman Manufacturing Company. A Houston, Texas, native, he became more widely known in the United States for his legal difficulties stemming from a manslaughter conviction in 2012.
Rheem Manufacturing Company is an American privately held manufacturer that produces residential and commercial water heaters and boilers, as well as heating, ventilating and air conditioning (HVAC) equipment. The company also produces and sells products under the Ruud brand name. It is an independent subsidiary of Paloma Industries. What became Rheem started in 1925 as a supplier of packaging to the petroleum industry, and is currently headquartered in Atlanta, Georgia in the United States. The company is one of the largest manufacturers of both water heating and HVAC equipment in the United States, and also produces and markets products in Argentina, Armenia, Australia, Bahrain, China, Chile, Brazil, Canada, Iraq, Kuwait, Mexico, New Zealand, Perú, Oman, Qatar, Saudi Arabia, Singapore, UAE, and Ukraine.
Sanhua Holding Group Co., Ltd. (三花控股集团有限公司) is a global manufacturer of controls and components for the HVAC & Refrigeration home appliance, automotive air conditioning and thermal management industries.
Frank Hardart Murray 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 purchase of Amana Corporation from Raytheon and initiated Amana's successful brand-revitalization campaign. Under Murray, Goodman moved up Forbes' list of 500 Biggest Private Companies from #405 to 66. Murray has an MBA from Harvard Business School and a bachelor's degree in mathematics and economics from Ohio Wesleyan University.
The Daikin Goodman Texas Technology Park is a major factory and office building in Waller, Texas, United States near Houston. Opened in 2017 as the manufacturing, logistics, and engineering center for Daikin's American subsidiary Goodman, the plant makes heating and air conditioning products sold under the Goodman, Amana, and Daikin brands.
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