Written on: December 6, 2021 by ICM
Daikin North America LLC (Daikin) has separately acquired two Washington State companies, Thermal Supply, Inc. and AirReps, LLC. Terms of the deals were not revealed.
Headquartered in Seattle, WA, Thermal Supply distributes residential and light commercial Daikin, Goodman, and Amana brand products in the Pacific Northwest. Founded in 1947, Thermal Supply has 24 locations in Alaska, Idaho, Montana, Oregon and Washington.
AirReps, Bellevue, WA, is a manufacturer’s representative firm for premium HVAC equipment in the Pacific Northwest. Primarily serving commercial, industrial and institutional sectors, AirReps was founded in 1950 and provides sales, warranty service, support and customer training focused on Daikin VRV and applied products.
These acquisitions are part of Daikin North America LLC’s ambitious plan for customer-focused growth.
“We’re piloting many different go-to-market models to ensure we bring the best that Daikin has to offer to our customers,” said Jeff Drees, Executive VP Sales, Marketing and Aftermarket, Daikin Applied. “Only by putting customers first will we build our leadership position in North America.”
The acquisitions will augment Daikin’s presence and service in the region, from residential to commercial projects.
“We have been very intentional in working toward becoming the clear leader in indoor air comfort solutions in North America,” added Takayuki Inoue, Executive VP & Chief Sales and Marketing Officer. “We will continue our progress through strategic growth and a concentrated, holistic approach focusing on excellence in all areas from production, sustainability, innovation and quality to exceptional customer service.”
The deals are part of a period of high-growth activity at Daikin, which began in November 2020 with the acquisition of Stevens Equipment Supply, LLC. In January of 2021, Daikin announced the acquisition of Robinson Plumbing & Heating Supply Co., Inc., and the acquisition of the largest HVAC distributor in the New York metropolitan area, ABCO HVACR Supply + Solutions.
