Daikin Enters Equity Venture With TMI
HOUSTON — Daikin North America LLC entered into an equity venture with Thermal Mechanics Inc. (TMI).
The existing TMI leadership team of Dave Rich, president, and Kevin Krimmel, vice president of sales, will continue to guide the new company, which will continue doing business under the Thermal Mechanics name at this time.
“Our vision for Daikin is to change the market, develop a long-term sustainable business, and become North America’s number one indoor comfort solutions provider,” said Taka Inoue, executive vice president and president Daikin Business Unit. “To accomplish this, Daikin will continue to introduce highly differentiated products while utilizing Daikin’s leading technologies, including inverters, heat pumps, and refrigerant management.
“TMI’s long history with Daikin as one of our leading applied manufacturer representatives with a highly technical selling capability will strengthen our position in this Midwest market,” Inoue added..
The Daikin and TMI equity venture will allow for an expanded presence in the Missouri, Kansas, and Illinois markets, providing heating and air conditioning equipment from 1.5 to 3,000 tons for residential, light commercial, and large applied commercial markets. The new company will take on additional Daikin product lines — including residential unitary systems, ductless split systems, and light commercial rooftop products — while continuing growth of existing sales, support, and service for applied products, variable refrigerant volume (VRV), controls, and parts.
“TMI has been a manufacturer representative for Daikin’s advanced solutions since 2007, enjoying tremendous success with the commercial line of products, including VRV and applied systems,” said Daikin TMI President Dave Rich. “We are excited about all the opportunities that Daikin’s support brings to the new entity. The backing of Daikin, along with our expanded portfolio of residential and rooftop products, creates a huge opportunity for us to increase our presence in our markets.”
Publication date: 11/5/2018