Goettl Air Conditioning has announced its acquisition of Southern California-based company Walton’s Heating and Air, a family-owned HVAC firm. The financial details of the deal have not yet been disclosed. However, what is clear is that the acquisition allows Goettl, which already has locations in Las Vegas, Phoenix, and Tucson to start making its presence felt in California. It also means that Walton’s can grow over and beyond what the company’s owner, Todd Longbrake, could manage on his own. In an article published on the Bizjournal website, Todd says that he had taken the family-owned business as far as he could and, as a result, it had stagnated.
How the Acquisition Was Finalized
At the time Goettl first showed an interest in buying Walton’s back in 2015, Longbrake was unsure that it was the right thing to do. However, after he heard encouraging comments from industry professionals regarding Goettl and its owner Ken Goodrich, he decided to agree to the deal. The acquisition was finally completed in mid-2015. Goettl has retained Longbrake as its field supervisor and sales manager. Goodrich is pleased with the new arrangement, adding that Todd assimilated into Goettl’s corporate culture almost immediately, becoming a leader within the organization.
Although the acquisition was finalized two years ago, Goettl held off on announcing the deal until now because of marketing complications and due to certain operational issues in Walton. Goodrich says that everything needed to be put in place correctly before Walton could be given the Goettl badge. Because he believed that Walton offered great value to his organization, Goodrich navigated the obstacles and managed the process of the acquisition. In the NorCal News article, Goodrich adds that Walton’s had a similar family background and values. Although Walton’s had been stagnant at the time, it was clear that his company could use it as a platform to grow.
About Goettl AC
Goettl Air Conditioning is a pioneer in the HVAC industry. It is the continuation of a legacy that began in 1939 with Gust and Adam Goettl, who developed the first refrigerated AC and evaporative cooler unit to battle the severe desert heat of Phoenix. Since then, Goettl has become a trusted name whose success has come through decades of changing technology.
The company’s workforce currently stands at 306 employees, and the acquisition should result in the addition of 200 more jobs, especially in Phoenix and Tucson. They are the firm’s largest markets. Goodrich says that the strategy is to expand further into northern California then Texas in 2018.Visit the website at goettlshdm.com.