Daikin Closes CCOM Group Acquisition
Contributed by BSM Staff

WALLER, Texas & HAWTHORNE, NJ -- Daikin Comfort Technologies North America, Inc. has closed on the acquisition of CCOM Group, Inc. and its wholly owned subsidiaries for $2.71 per share.

Earlier in the year Daikin announced a unified strategy to leverage strengths from Goodman and Daikin brands to expand business under one unified vision and to promote environmental solutions in the North American market.

In its strategic management plan titled FUSION 25, Daikin has set its sights on becoming the top provider of HVAC solutions in North America. This acquisition will contribute to the success of both strategies in the Northeast.

CCOM’s subsidiaries, Universal Supply Group, Inc., RAL Supply Group, Inc., and S&A Supply, Inc., have shaped it into a full-line distributor of HVAC products, building management systems, plumbing and electrical supplies, and parts and accessories in the Northeastern United States.

CCOM will continue to supply and promote the full line of residential unitary Goodman and Amana® brand equipment, Daikin ductless and light commercial HVAC products as well as a diverse lineup of additional brands and products. This includes building management systems and controls, other HVAC, indoor air quality, hydronic, plumbing and electrical equipment and supplies throughout its 15 locations across New Jersey, New York and Massachusetts.

CCOM and its subsidiaries will operate as a wholly owned business unit of Daikin, while maintaining their headquarters in Hawthorne, New Jersey with more than 165 employees.

Daikin Industries, Ltd. is a Fortune 1,000 company with more than 84,870 employees worldwide. Daikin Comfort Technologies North America, Inc. (DNA) is a subsidiary of DIL, providing Daikin, Goodman, Amana and Quietflex brands products. DNA and its affiliates manufacture heating and cooling systems for residential, commercial and industrial use and are sold via independent HVAC contractors. DNA engineering and manufacturing is located at Daikin Texas Technology Park near Houston, Texas.

For additional information, visit www.northamerica-daikin.com.

 

Sloan