Greg Deane (at right) has sold Cool-It Air-conditioning and son,Simon (left), will take over as general manager.
Greg Deane (at right) has sold Cool-It Air-conditioning and son,Simon (left), will take over as general manager. Crystal Spencer

Greg Deane retires to golf

AFTER building Cool-It Air Conditioning from the ground up for more than 30 years, Greg Deane is preparing for plenty of golf after selling his business to publicly-owned company Hastie last week.

Having turned down many potential buyers over the years, Mr Deane said Hastie was the right company to take his family-run business further.

“I started the business over 30 years ago. It was only a one-man company and it has grown to have over 60 employees, all from the local area ... it was very exciting to have seen over 15 apprentices employed over our 30 years,” Mr Deane said.

“It is a relief to have the company sold. It is going to have lots of opportunity with a public company running it.”

Mr Deane will move to a sales and marketing role until he retires in two years and his son, Simon will takeover as general manager.

“I will have more time for golfing and getting away and just enjoying life,” he said of retirement.

Mr Deane said Cool-It’s first job was with the Twin Towns Services Club and was proud to say that after more than 30 years his company still had the contract.

Cool-It is Queensland’s number one Daikin air-conditioning dealer in Queensland and works throughout south-east Queensland and northern New South Wales.

Cool-It was one of two companies, with a combined annual revenue of about $35 million, that Hastie acquired last week.

David Harris, Group managing director and CEO of Hastie said: “These two acquisitions are in line with Hastie’s strategy to increase recurring maintenance revenue and expand our geographic coverage”.



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