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]
In 1982, the company acquired Janitrol and entered the HVAC market,[5] expanding its product offering in 1986 to include gas heating products.
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.
Daikin Industries acquired Goodman in August 2012.[13] Effective April 1, 2022, the company was renamed Daikin Comfort Technologies North America, Inc.[14]
In 2021, Goodman announced a recall involving plastic drain pans under the evaporator coils, as the pans could overheat, melt, and deform when installed on a condensing gas furnace in an upflow configuration. There were 23 incidents reported causing fire and smoke damage, however, no injuries were reported.[15][16][17] The recall was later expanded in 2024 to include evaporator coil drain pans installed with competitor brand non-condensing furnaces in an upflow configuration.[18]
