Daikin Subsidiary Agrees to Acquire CCOM Group, Inc.
Goodman Distribution, Inc. to expand distribution in New Jersey, surrounding states
WALLER, Texas and HAWTHORNE, N.J. — Goodman Distribution, Inc., a subsidiary of Daikin, has entered into a definitive agreement to acquire CCOM Group, Inc. and its wholly owned subsidiaries for $2.71 per share of common stock and convertible preferred stock, the companies jointly announced. Goodman Distribution, Inc. will change its name to Daikin Comfort Technologies Distribution, Inc. on April 1.
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. The transaction is expected to close in the first half of the year, subject to customary closing conditions.