The acquisition of Walton’s Heating and Air by Goettl Air Conditioning has recently been announced. Walton’s Heating and Air is based in southern California. It is a family owned HVAC business. The financial details are yet to be disclosed about this deal.
Post this acquisition, Goettl Air Conditioning will be able to extend its operations in California too. Presently it is based in Phoenix, besides Tucson, as well as Las Vegas. Even Walton’s will be able to grow and expand. It could not have managed this on its own. Hence this acquisition will be benefitting both the companies.
Walton’s had become stagnant as the family-owned business was not able to expand any further under its present ownership. It was in 2015 that Goettl Air Conditioning had shown interest in acquiring this company. At that time, its owners were reluctant. However, they were convinced as they got positive vibes from others in the HVAC industry about Goettl Air Conditioning and its owner, Ken Goodrich. Hence Longbrake, the owner of Walton’s decided to go for it.
This acquisition finalized in 2015 itself. Longbrake is happy as his company has grown ten times since the acquisition. Now he is working as the sales manager as well as field supervisor after this acquisition. He has adjusted to the company culture really well. He is a leader for the entire organization.
Even though this deal had been finalized long ago, the announcement has come only now. This was due to several operational issues in Walton’s beside a number of marketing complications too.
Hence all this had to be put in place before the takeover by Goettl Air Conditioning. All this was managed before making the announcement about the acquisition.
The reason behind the smooth acquisition is stated to be the similarity in the family background as well as values of the two companies. Walton’s was able to provide a platform where Goettl Air Conditioning could grow.
Due to this acquisition, Goettl Air Conditioning currently has 306 employees. There is a projection of 200 new jobs that will be created. These will be mainly in Tucson as well as Phoenix, as they are the largest markets for the company.
In this way, Goettl Air Conditioning will soon become a nationwide brand. By 2018, the company will be expanding into northern California. This will soon be followed by entering into Texas. Hence the growth plans have been charted out.