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New Deal


Announced

Daikin-backed Goodman Distribution to acquire Robinson Plumbing & Heating.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

Friendly

plumbing and heating

commercial services

Single Bidder

Domestic

Pending

Acquisition

Private

United States

Consumer Services: Other

Synopsis

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Daikin-backed Goodman Distribution, a firm that designs, manufactures, and markets heating and cooling systems, agreed to acquire Robinson Plumbing & Heating, a supplier and distributor of plumbing fixtures and heating equipment. Financial terms were not disclosed. “The acquisition of Robinson supports our growth strategy and is a key step in expanding our distribution footprint in the Northeast,” Ardee Toppe, Goodman Senior Vice President.

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