First Company

What First Company does

First Company (dba First Co.) is a privately held, family-owned HVAC manufacturer founded in 1966 and headquartered in Dallas, Texas. The company designs, manufactures, and sells heating, ventilation, and air-conditioning equipment targeted primarily at multi-occupant buildings — including apartments, condominiums, student housing, assisted living, hospitality, and light commercial applications. Its 900,000 sq ft Dallas manufacturing facility has produced more than 5.5 million units since founding, and the company employs between 251 and 500 people.

The product portfolio is organized into four principal lines: the Eco-Series of compact through-the-wall single-packaged vertical units (Aqua-Pak, Cool-Pak, Fresh-Pak); the First-Pak line of through-the-wall air-conditioning, heat-pump, and gas (80% and 95% AFUE) units; the Aquatherm line of air handlers integrated with domestic water heaters; and the Hydro-Tech line of geothermal water-source heat pumps. Supporting these are ceiling, closet, wall-mount, and multi-position fan coils (HBC, HH, HYB, MB, VMB, HCX, CW, UCS, CL, FWA series), commercial blower and water coils (SVWC, CWC), and accessories such as thermostats, IAQ panels, and mixing boxes. The portfolio is in the midst of a transition to low-global-warming-potential A2L refrigerants (R-454B and R-32), with multiple new 2025–2026 launches (UCS Electric Heat, UCS Hydronic Heat, Cool-Pak HP with Variable Speed Inverter and EEV, WCX2/WCR2, and RR ERV) reflecting this platform refresh. A proprietary online configuration and quoting tool, Quote-ify, supports reps and engineers in specifying and pricing equipment.

First Co. sells exclusively through authorized distributors and a specifications/sales team; it does not sell direct or via e-commerce. Pricing is quote-based through distributors using Quote-ify and a published price list, with no public pricing. The end-customer base spans hospitality (Hyatt Place, Orange Lake Resort), education/student housing (Atmosphere at ASU, Preston House), and multi-family real estate (OLIV Apartments). The company is U.S.-only in geographic scope, with terms explicitly restricting international export or resale, and has remained under family ownership since 1966 with no disclosed institutional investors, M&A activity, or public filings.

Name

First Company

Legal name

First Company

Website

https://firstco.com

Company type

Private

Founded year

1966

Operating status

Operating

Headcount range

251–500 employees

Short description

First Co. is a family-owned, Dallas-based HVAC manufacturer founded in 1966 that designs and produces fan coils, heat pumps, and through-the-wall units for multi-occupant buildings — apartments, student housing, hospitality, and light commercial — sold through a U.S. distributor network.

Ownership category

akta.pro rank

Product category

Commercial HVAC Equipment Manufacturing

NAICS

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (333415), Ventilation, Heating, Air-Conditioning, and Commercial Refrigeration Equipment Manufacturing (33341), Heating Equipment (except Warm Air Furnaces) Manufacturing (333414), Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use (334512)

SIC

Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585), Heating Equipment, Except Electric & Warm Air Furnaces (3433)

akta.pro primary industry

HVAC Equipment (Heating, Cooling & Air Handling) (IMAHAKAB)

akta.pro secondary industry

Heat Exchangers, Coils & Hydronic HVAC Components (IMADANAF)

Keywords

• Multi-occupant HVAC
• Fan coil units
• Water source heat pumps
• Through-the-wall units
• Commercial HVAC manufacturing

Headquarters

HQ city

Texas

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. HVAC Equipment Sales: First Co. manufactures and sells HVAC equipment including fan coils, heat pumps, through-the-wall units, and accessories through a network of distributors. Products are sold as complete units with pricing established through the company's price list and Quote-ify system.
2. Parts and Accessories: The company maintains a parts division offering replacement components and accessories for their HVAC products, supporting ongoing maintenance and service needs of installed equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels5 records

Core offering

First Co. manufactures and sells HVAC equipment designed for multi-occupant buildings, including fan coils, heat pumps, through-the-wall single packaged vertical units, geothermal water source heat pumps, and chilled water systems. The company also offers a parts and accessories division, along with the proprietary Quote-ify online configuration and quoting platform used by sales reps and engineers. Products are distributed exclusively through an authorized U.S. distributor and sales representative network.

Product overview

First Co. is a family-owned HVAC manufacturer founded in 1966, specializing in multi-occupant buildings, commercial, hospitality, and industrial applications. The company operates from a 900,000 sq ft manufacturing facility in Dallas, Texas, and has delivered over 5.5 million units. First Co.'s portfolio comprises multiple product lines organized by application type. The Eco-Series features through-the-wall single packaged vertical units including Aqua-Pak (hot water heat), Cool-Pak (AC and HP with variable speed inverter options), and Fresh-Pak (with integrated ERV). The First-Pak line offers through-the-wall replacement and new construction units in air conditioning, heat pump, and gas versions (80% and 95% AFUE). The Aquatherm line provides air handlers that connect to water heaters for dual space heating and domestic hot water functions. The Hydro-Tech line delivers premium geothermal water source heat pumps for ground water and ground loop applications. Supporting these major lines are various fan coil types including wall mount (UCS Series), ceiling mount (HBC, HH, HYB Series), multi-position (HCX, MB, VMB Series), closet (CW Series), and vertical high-rise (RR Series) configurations. Commercial chilled water products include blower coils (SH, SVWC Series) and water coils (CWC). Water source heat pumps are available in horizontal (WSH Series) and vertical (HRCX, WSV Series) configurations. The company also offers proprietary software (Quote-ify) for product configuration and quoting, along with a comprehensive selection of accessories including thermostats, evaporator coils, ceiling panels, and mixing boxes. All products support the transition to low-GWP refrigerants including R-454B and R-32.

Differentiator

Problem solved

Functional benefit

Brands

• Eco-Series: Compact through-the-wall single packaged vertical HVAC units with multiple heating and cooling options for multi-occupant buildings.
• First-Pak
• Aquatherm
• Hydro-Tech

Products and services

• UCS Electric Heat Series Wall-mount fan coil unit with up to 10 kW electric heat, 1.5–3.0 ton nominal capacity, compatible with R454B, R32, and R410A refrigerants. Features galvanized steel cabinet, 240V motor with 24V controls, and easy blower removal. Designed for multi-occupant building projects.
• UCS Hydronic Heat Series Wall-mount fan coil with hydronic hot water heating up to 55,000 BTUH capacity. Compatible with PSC or ECM motors, features factory-installed hot water coil and versatile installation options. Designed for multi-occupant building projects.
• Cool-Pak HP with Variable Speed Inverter Space-constrained vertical packaged heat pump with variable speed inverter technology. Offers 1.0–2.5 tons capacity, up to 17.0 SEER2, 0–10 kW electric heat, Electronic Expansion Valve (EEV), and R454B refrigerant. Designed for multi-occupant buildings.
• WCX2/WCR2 Series Through-the-wall split condensing unit compatible with R-32 and R-454B low-GWP refrigerants. Provides 1.5–2.5 tons capacity, 12 SEER2 rating for flexible high-efficiency cooling. Designed for sustainable multi-occupant HVAC applications.
• RR Series Vertical high-rise fan coils for chilled water cooling with hot water or electric heat. Features 300-1200 CFM capacity, ECM motor, 18 gauge galvanized steel frame, and 2-pipe/4-pipe configurations. The latest RR ERV variant integrates an Energy Recovery Ventilator.
• Aqua-Pak Space-constrained vertical unit providing electric cooling with hot water heating (3/4–2.5 tons, up to 47,800 BTUH). Pre-charged with R-454B refrigerant, features multi-function microprocessor board with low temperature protection. Part of the Eco-Series product line for multi-occupant buildings.
• Cool-Pak AC Straight cool unit with electric heating (3–10 kW), 11.7 SEER2 rating. Features ECM indoor blower and outdoor fan motor, high-efficiency scroll compressors, and insulated cabinet. Part of the Eco-Series product line.
• Cool-Pak HP Heat pump version with 3/4–2.5 tons capacity and 11.9 SEER2 rating. Operates down to 5°F ambient temperature with time-temperature defrost board and selectable defrost intervals. Part of the Eco-Series product line.
• Fresh-Pak AC with Hot Water Heat Space-constrained vertical unit with fully integrated Energy Recovery Ventilator (ERV) and hydronic heating (1–2.5 tons, up to 47,800 BTUH). Features high-efficiency compressors and corrosion-resistant drain pan. Part of the Eco-Series product line.
• Fresh-Pak Air Conditioner Straight cool unit with integrated ERV (1–2.5 tons). Features ECM motors, insulated compartment for noise reduction, and tool-free filter replacement. Part of the Eco-Series product line.
• Fresh-Pak HP Space-constrained heat pump with electric heat and fully integrated ERV (1.0–2.5 tons, 3–10 kW electric heat). Operates down to 5°F with selectable defrost intervals. Part of the Eco-Series product line.
• First-Pak HP Space-constrained heat pump with electric heat (11.9 SEER2 and 6.3 HSPF2). Features insulated chassis, dual drain pans, dual TXVs, and operates down to 5°F ambient. Part of the First-Pak product line.
• First-Pak AC Single package vertical air conditioner with electric heating (12,000–30,000 BTUH cooling, 5KW–15KW electric heat, 11.7 SEER2). Features scroll compressors, dual inlet blower, and corrosion-resistant components. Part of the First-Pak product line.
• First-Pak Gas 80% Single package vertical gas unit (FPGN8) with 80% AFUE rating, 12,000–30,000 BTUH cooling, up to 60,000 BTUH heating. Features stainless steel heat exchanger and dual inlet blower. Part of the First-Pak product line.
• First-Pak Gas 95% High-efficiency single package vertical gas unit (FPGN9) with up to 96% AFUE rating. 1.0–2.5 tons capacity, up to 55,000 BTU/HR heating. Features ECM motors, freeze protection, and leak mitigation. Part of the First-Pak product line.
• CL Series Upflow/closet fan coil with heat pump or DX compatibility and hot water heat option. Less than 36 inches tall, designed for space-constrained closets. Compatible with R-32, R-454B, and R-410A.
• FWA Series Multi-position air handler with hydronic heating (up to 109,200 BTUH, 305–1500 CFM). Available with or without pump (FWA-AQ/FWA-HW).
• HCX Series Multi-position air handler designed for up to 15 SEER2 when matched with high-efficiency condensing units. Features 3-way airflow, factory-installed horizontal drain pan, and 0-25kW electric heat options.
• HBC Series Commercial chilled water ceiling fan coils (300–1200 CFM). Available in open blower, cased with plenum, recessed telescoping panel, and cabinet exposed configurations. Features heavy-gauge galvanized steel and ECM motor options.
• HH Series Horizontal ceiling fan coil with PSC or ECM motor options. Supports chilled water/hot water and 2-pipe with electric heat configurations (300–1200 CFM).
• HYB Series Horizontal low-boy uncased chilled/hot water fan coil. Available in 2 and 4-pipe models with copper tube coils and sloped insulated drain pan.
• MB Series Upflow/horizontal air handler for chilled water/hot water (2-pipe) applications. Features 120V motor, direct drive motor, and convertible horizontal drain pan.
• VMB Series Multi-position fan coil unit with modulated ECM motor for 2-pipe or 4-pipe configurations. Offers variable speed operation for precise airflow control.
• CWX Upflow closet or wall recessed chilled water/hot water fan coil (2-pipe). Features 3-speed 24V control, front or bottom return, and sloped thermoplastic drain pan.
• WSH Series Horizontal water source heat pump (1/2–5 tons). 100% factory run tested, uses R-454B refrigerant. Features digital control module, multi-speed blower, and copper or cupronickel heat exchanger options. Part of the Hydro-Tech product line.
• WSV Series Vertical water source heat pump (3/4–5 tons). Features R-454B refrigerant, non-corrosive thermoplastic condensate pan, high/low pressure service ports, and panel-mounted FPT water connections.
• HRCX Commercial vertical high-rise water source heat pump (.75–3.0 tons, 14 EER). Floor-mounted design concealed behind drywall, two-part design with slide-in chassis for easy servicing. Ideal for hotels and multi-story buildings.
• Aquatherm Air handler product line connected to water heaters for combined space heating and domestic hot water. Substantially reduces installation costs, heating costs, and increases water heater lifespan by utilizing the same unit for dual functions.
• Hydro-Tech Premium high-efficiency geothermal water source heat pump line, Energy Star certified for ground water and ground loop applications. Features double compressor vibration isolation, easy-to-remove blower housing, and compact design for maximum reliability.
• Eco-Series Complete product line of compact through-the-wall single packaged vertical HVAC units. Includes Aqua-Pak (hot water heat), Cool-Pak (AC and HP), and Fresh-Pak (with integrated ERV) for multi-occupant buildings. Features common weight-bearing sleeve design for interchangeable installation.
• First-Pak Self-contained through-the-wall products for replacement and new construction. Available in air conditioning, heat pump, 80% gas (FPGN8), and 95% gas (FPGN9) versions. Compatible with Magic-Pak, Comfort-Pack and Condo-Pack.
• Autospeed 24V Thermostat 24V AC single-stage thermostat for 2-pipe and 4-pipe fan coil applications. Compatible with HBC, MB, HYB, and CW series. Features large LED display, 3-speed fan operation, and no batteries required.
• USM Evaporator Coil Vertical/horizontal evaporator coil for heat pump or cooling-only applications (1.5–5 tons). Features copper tube/aluminum fin construction, piston-type metering device, and field-installed TXV kit options.
• HWC Cased Hot Water Coil Horizontal/vertical cased duct coil for adding hot water space heating to existing or new installations. Compatible with residential gas or oil-fired water heaters. Features copper tube/aluminum fin coil and 7/8 inch duct flanges.
• CWC Commercial Water Coil Commercial water coils available in 2, 4, or 6 row configurations for up to 20 tons cooling and 900,000 BTU heating. Features copper tubes and aluminum fins, pressure tested to 350 PSI.
• SVWC Belt Drive Blower Coil Belt drive blower coil unit for hydronic applications (2–20 tons). Features factory-installed motors, IAQ-compliant insulation, and various motor options.
• IAQ Ceiling Panels Indoor air quality ceiling panels with MERV 10 filtration for LEED projects. Features heavy gauge galvanized steel construction, enhanced louver design, and easy filter access with hinged door panels.
• MB Mixing Box Mixing box for belt drive units with fully insulated cabinet (3/4 inch). Features damper positioning for rear/top or rear/bottom locations and positive air seal damper edges.
• Quote-ify Proprietary online configuration and quoting platform built by First Co. Enables reps to configure products, generate pricing, and build accurate quotes. Engineers can configure units and develop project-ready specifications.

Quantifiable outcome

• Delivered over 5.5 million HVAC units since 1966
• +1 more outcomes

Named customers5 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Lennox International: Lennox produces commercial and residential HVAC equipment, including fan coils and air handlers. Its commercial fan coil and refrigeration lines compete with First Co.'s multi-position, ceiling, and closet fan coil units.
• Johnson Controls (York): Johnson Controls' York brand manufactures chillers, air handlers, fan coils, and packaged terminal units used in commercial and multi-occupant buildings, competing with First Co.'s commercial and chilled water fan coil portfolio.
• Trane Technologies: Trane manufactures a broad range of commercial and residential HVAC equipment including fan coils, air handlers, chillers, and water-source heat pumps. It competes with First Co.'s commercial product portfolio across mid- and large-scale projects.
• Bosch Home Comfort (Thermotechnology): Bosch manufactures heat pumps, geothermal systems, and packaged HVAC units that compete with First Co.'s Hydro-Tech geothermal and Eco-Series heat pump product lines, particularly in multi-occupant and commercial applications.
• Rheem Manufacturing: Rheem is a broad HVAC and water heating manufacturer whose commercial and residential HVAC product lines and water-heating integration strategy overlap with First Co.'s Aquatherm dual-function air handler concept.
• Carrier Corporation: Carrier is one of the largest HVAC manufacturers globally, offering chillers, air handlers, heat pumps, and packaged units that overlap with First Co.'s commercial chilled water fan coils and water-source heat pump product lines.

Direct peers

• Amana (PTAC/PTHP): Amana is a major PTAC and PTHP brand widely specified for hotels, apartments, and student housing. It competes head-to-head with First Co. in the through-the-wall multi-occupant market.
• Magic Pak: Magic Pak manufactures self-contained through-the-wall HVAC units for multi-family and replacement applications. First Co.'s own product page explicitly lists First-Pak as compatible with Magic-Pak, confirming direct product-line overlap in the through-the-wall replacement market.
• Comfort Pack (Comfort-Pak): Comfort Pack produces through-the-wall PTAC/PTHP-style units for replacement applications in multi-occupant buildings. First Co.'s First-Pak line is explicitly named as compatible with Comfort-Pack, indicating direct product-level competition and market overlap.
• Friedrich Air Conditioning: Friedrich is a leading US manufacturer of PTAC, PTHP, and through-the-wall air conditioning units for hospitality and multi-occupant buildings. It directly competes with First Co.'s First-Pak and Eco-Series in the same hospitality and multi-family replacement segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/first-company

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Company