Goodman Manufacturing is a subsidiary of the Daikin Group, the world's largest manufacturer of Heating, Ventilation and air Conditioning products and systems. The company founded in 1975 and based in Houston, Texas, manufactures residential heating and cooling systems.
San Antonio, Texas, U.S.
|Founder||Harold V. Goodman|
|Headquarters||Houston, Texas, U.S.|
|United States, Canada|
|Takeshi Ebisu (CEO)|
|Revenue||$2.6 billion (2013))|
Number of employees
Major Goodman manufactured products are residential split air conditioners and heat pumps, gas furnaces, air handlers and coils, packaged unit, and ComfortNet™ controls and thermostats.
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.
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 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 would sell the appliances business to Maytag Corporation.
In 2004, Goodman was acquired by Apollo Management, 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 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 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 over $400 million project 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.
- 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
- How Goodman Global’s Deal Got Done. New York Times, February 14, 2008
- Goodman Manufacturing (company website)