Daikin Acquires Stevens Equipment Supply
Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has purchased Stevens Equipment Supply, LLC.
Daikin’s acquisition will support the continued growth of Stevens, providing even more opportunities to expand and grow its business – growing its contractor customer base, hiring new talent, adding more business technology, expanding product lines and opening several new growth and strategic opportunities.
Stevens will continue to promote the full line of Daikin ductless, residential unitary and light commercial HVAC products, as well as controls, air quality, parts and accessories throughout its distribution footprint. Stevens will also continue distribution and sales of other Daikin brands including Goodman, Amana and Quietflex brands, as well as Stevens’ existing Commercial Food Service Equipment at select locations.
Under the new ownership of Daikin, Stevens will operate as a wholly owned business unit of Daikin, while maintaining its current name with established brand recognition in the marketplace. The successful leadership team at Stevens, led by Dave DeSutter, senior executive advisor, will also be maintained.
The Stevens management team will continue to operate from their headquarter office in Eagan, Minnesota where they manage sales and distribution at 18 branch locations serving Minnesota, Wisconsin, North Dakota, South Dakota, Montana, Iowa, Missouri, Nebraska, New Mexico, Colorado, Arizona, Utah and Nevada.
