Goettl Air Conditioning Company is a leading provider of air conditioning and heating services in Southern California. An article published by BizJournals revealed that Goettl had acquired a family-owned HVAC company, Walton’s Heating and Air. The southern California-based company was acquired for an undisclosed fee.
Buying Walton’s Heating and Air means that Goettl Air Conditioning Company will reach a larger number of consumers in California. Goettl has offices in Phoenix, Tucson, and Las Vegas and thus acquiring this firm manifests their commitment to serving the residents of California. This partnership will also see Walton’s grow far much ahead of what its previous owner Todd Longbrake could manage.
According to Longbrake, he was steering the family-owned air conditioning and heating company to the best of his capacity. However, he believes that the firm had reached a plateau stage and couldn’t grow anymore. When he was approached by Goettl Air Conditioning and Heating owner Ken Goodrich, he was reluctant to accept the idea. However, after consultations with other Goettl members, he jumped onboard. Today, just two years after the deal was finalized, Longbrake feels that the company has grown ten-fold.
Although the acquisition deal was agreed in 2015, operational issues within Walton’s delayed the announcement until mid-2017. According to Ken Goodrich, they wanted to clean the issues before announcing the acquisition. The challenges were many before sealing the acquisition, but the value that Goodrich had attached to the company was worth waiting. Just like Goettl, Walton’s Heating and Air Company is a family owned organization and therefore, the two share some values. Goodrich stated that the acquisition would give Goettl an opportunity to grow.
After the acquisition, Goettl now boasts of over 306 employees and plans to employ additional 200 to serve in Phoenix and Tucson, which are the company’s greatest markets. With a goal of making Goettl Air Conditioning Company a national brand, Goodrich promised residents of Northern California and Texas that the brand would be venturing their markets.
About Goettl Air Conditioning Company
Goettl Air Conditioning is an HVAC company offering excellent air conditioning and heating services in Phoenix, Las Vegas, Tucson, and Southern California Area. The Las Vegas-based company was established in 1939 and provides services in AC maintenance, replacement, and repair.
When Ken Goodrich bought the company in 2012, he needed to reshape the company, instill confidence amongst the employees, and develop strategies to beat competitors. In less than two years, Goodrich turned around things, and the company gained revenue of $20 million. He also managed to strengthen Goettl to become the leading provider of air conditioning and heating services in Southern California.