Goettl Completes Big California Purchase
For people that are located in the southwest United States, which are prone to very hot summer months, having a quality HVAC system in place is very important. Along with having a good HVAC system, you also need to have a good repair service to help fix the system when the time comes. For those that are in the southern California area, a regional HVAC service provider should soon be growing in the market place.
Over the past few weeks, Goettl Air Conditioning bought one of the top local HVAC firms, Walton’s Heating and Air. Goettl Air Conditioning is one of the leading providers of HVAC installation and management systems in the southwest United States. The company has been in business for over 50 years and has a strong presence in a number of top cities including Phoenix, Las Vegas, and other areas of Utah and Arizona. The current sale of the Walton’s should give Goettl Air Conditioning a larger market share in the Los Angeles and San Diego markets as well.
The sale of Walton’s came after a two-year negotiation for the sale of the company. Goettl Air Conditioning was very interested in buying the company due to their strong reputation for service and quality. Walton’s also has a long list of commercial clients, which can provide a more profitable and consistent base of revenue. The purchase of Walton’s should help to make Goettl one of the largest such companies in this area of the country. Prior to the purchase of the company, Goettl had over 300 employees. With the acquisition, this could come closer to 500 people.
The CEO of Goettl Air Conditioning, Ken Goodrich, stated that they expect to make further acquisitions in coming years. The company has stated that they would like to become a regional brand and eventually expand to warmer markets all over the country. By the end of 2018, the company plans to expand into some select cities in Northern California, Texas, and parts of New Mexico.