Goettl Air Conditioning has acquired Walton’s Heating and Air. Walton’s is a family-owned HVAC company based in Southern California. The financial details of the acquisitions were not disclosed and it is believed that Goettl paid tens of millions of dollars to acquire the brand.
In the past few months, Goettl has been acquiring several HVAC companies operating in Phoenix, Tucson, and Las Vegas. These acquisitions have seen the company strengthen its brand in the region while at the same time augmenting its operations, services, and staff quality. The acquisition of Walton’s Heating and Air will see the company expand its operations to southern California. Todd Longbrake, the previous owner of Walton’s, said on PR News that the acquisition would enhance the company’s growth.
Speaking during the announcement of the acquisition deal, Longbrake spoke about his leadership at the company. The entrepreneur noted that the deal would help the company to grow since in the last few years, Walton’s had stagnated. He also said that he was pleased to be working with Goettl, a company having a sound history in the industry.
Goettl showed interest in acquiring the company in early 2015. However, Longbrake was reluctant to let go of this precious family businesses. The company’s interest also prompted him to start doing research about Goettl and its owner, Ken Goodrich. Longbrake realized that being part of Goettl was the ideal move for the company as Goodrich’s company was interested in growing and expanding to more regions. To this end, he decided to give Goettl a chance.
The deal will see the former owner of Walton’s being retained at Goettl as the company’s sales manager and field supervisor. Ken Goodrich is confident that the acquisition was ideal considering that he has vast experience in the competitive HVAC industry. This information was originally mentioned on azcentral.com.
Although the two entrepreneurs struck a deal in 2015, operational issues and marketing complications saw the announcement of the same being delayed by about two years. Ken says that it was important to handle all the issues to ensure that when the company joins Goettl, it would smoothly run its operations and seamlessly fit under the umbrella.
About Goettl Air Conditioning
Goettl Air Conditioning is a revered HVAC company that operates in Las Vegas valley. Goettl brothers established the company in 1937. Originally, the corporation managed its operations from Phoenix. Ken Goodrich, who is the current proprietor of the company, has played a pivotal role in ensuring the growth of the company in the recent years.