Who Owns Goodman?

Harold V. Goodman founded Goodman Manufacturing in Houston, Texas in 1975. An HVAC contractor by trade, Goodman believed the industry overcharged homeowners, and he built the company around a simple proposition: dependable, no frills air conditioners and furnaces sold at prices working families could afford, with heavy use of standardized parts to keep costs low.

The formula worked. Through the 1980s and 1990s Goodman grew into one of the largest residential HVAC makers in the United States, popular with builders and contractors for multi family and tract housing. In 1997 Goodman bought Amana from Raytheon, gaining a second recognized brand; it later sold Amana's appliance unit to Maytag but kept the Amana HVAC line.

Private equity owned the company in the 2000s, including a period under Apollo Management, before Japan's Daikin Industries agreed in August 2012 to buy Goodman Global for approximately $3.7 billion. The acquisition closed later that year and gave Daikin the ducted residential market it lacked in North America.

Under Daikin, Goodman consolidated manufacturing into the Daikin Texas Technology Park in Waller, outside Houston. Opened in 2016, the 4.2 million square foot facility is one of the largest HVAC manufacturing buildings in the United States, housing production, engineering, logistics, marketing and customer support for Goodman and Amana branded equipment.