HOUSTON — Daikin North America LLC, a subsidiary of Daikin Industries Ltd., announced a strategic alignment with ABCO HVACR Supply + Solutions. The acquisition of ABCO is an investment meant to support Daikin’s vision for growth in North America.
Daikin’s acquisition will support the continued growth of ABCO. Daikin, along with other brands owned by Daikin, are new to ABCO. ABCO will begin promoting the full line of Daikin ductless, residential unitary, light commercial, and commercial HVAC products, as well as controls, air quality, parts, and accessories throughout their distribution footprint while continuing to fulfill existing obligations. Michael Senter will continue as ABCO’s CEO and ABCO’s senior management team will continue to be the leaders of ABCO in all facets of sales, operations, finance, and human resources. ABCO will also maintain the company name with established brand recognition in the Northeast.
“The strategic alignment with ABCO provides a dynamic foothold for Daikin in the Northeast where ABCO is a leading distributor of a broad range of HVAC products from residential to industrial,” said Takayuki “Taka” Inoue, executive vice president and chief sales and marketing officer of Goodman/Daikin North America. “We believe that Daikin’s portfolio offers a perfect fit to support the existing and future potential of ABCO distribution. Our vision for Daikin is to become North America’s leading indoor comfort solutions provider, and the acquisition of ABCO is a key, strategic milestone for Daikin in our continued effort to achieve our North American vision.”
“Both Daikin and ABCO are people-centered organizations,” said Senter. “This means each team member and every customer is recognized for their individual personalities and contributions. This fundamental belief in the integrity of relationships is essential to both organizations’ success. ABCO’s dedication to building strong, multi-generational relationships with our customers based on the highest levels of technical support, customer service, and application engineering is a great match for Daikin’s open-mindedness to new ideas and its commitment to engineering ingenuity in meeting current market demands and foreseeing future market and society needs.”
“This is an exciting collaboration among the Daikin North American businesses and the ABCO team,” said Jeff Drees, executive vice president, Sales, Marketing and Aftermarket for Daikin Applied Americas Inc. “Daikin Applied’s representatives will continue to be the authorized applied sales representatives in the territory, and will benefit from ABCO’s technical skills and long-standing relationships in the marketplace.”
Under the new ownership of Daikin, ABCO will operate as a wholly-owned business unit of Daikin, while maintaining its headquarters location in Long Island City, New York, in addition to 17 fast-access branch locations, in six states, from Wilmington, Delaware, to Boston, with over 220 employees.
“I believe this is a major landmark moment for Daikin,” said Doug Widenmann, senior vice president and president, Daikin Business Unit. “Our strategic plans and successful growth accomplishments within this great organization have been unbelievably exciting. I am anxious to begin working with and learning from the ABCO management team who have successfully built a high quality, highly technical, sales and services organization, with state-of-the-art training facilities, focused on the success of their customers.”
“ABCO has been the leading distributor of residential and commercial ductless air conditioning in the United States,” said Andrew Senter, ABCO vice president of Sales and Operations. “With this experience, we recognize the potential of innovative HVACR technology to enhance the growth and prosperity of our irreplaceable customers. The opportunity for ABCO as a Daikin member company is dynamic. Together, with Daikin, we are creating bold new channel teamwork to bring the ABCO commitment to service and quality to yet another generation of customers.”