Daikin Acquires ABCO for Distribution in New York, New Jersey + Surrounding States
Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has strategically aligned with ABCO HVACR Supply + Solutions. ABCO’s unique blend of day-to-day air conditioning and refrigeration application engineering, together with its expertise in residential and commercial sales, provides a winning platform for Daikin’s wide range of equipment, parts and accessories. This move strengthens Daikin’s opportunity for greater collaboration in the local territories among ABCO branches, Daikin group companies,, and Daikin’s entire regional customer base.
Daikin has made significant inroads into the market with the purchase of Goodman Global Group, Inc., by DIL in 2012. In 2015, DIL began construction of the Daikin Texas Technology Park campus near Houston, Texas that includes research and development, manufacturing, engineering, logistics, marketing, distribution and sales operations all under one roof. DTTP was completed in 2017. The acquisition of ABCO is another in a series of investments to support Daikin’s vision for growth in North America.
Daikin’s acquisition will support the continued growth of ABCO, providing opportunities to expand and grow its business – retaining and growing its contractor customer base, hiring new talent, adding more business technology, expanding product lines and pursuing new growth and strategic opportunities. 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.
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, Massachusetts with over 220 employees.
