TDIndustries

TDIndustries, founded in 1946, is an American construction and technology corporation that provides commercial and industrial services such as air conditioning, electrical, and plumbing systems primarily through general contractors.

The company is based in Dallas, Texas with offices in Fort Worth, Austin, Houston, San Antonio, Phoenix and Denver.

Greer, who ran an auto parts business, co-signed the bank loan that provided twenty thousand dollars in start-up capital.

TD's first employees repaired or installed various heating and cooling systems, including refrigerators, ice cream freezers, water fountains, and attic fans.

In the fall of 1946, the second half of the twenty thousand dollars arranged at its foundation was advanced to the company, and construction was begun on an eight thousand-square-foot building at 3914 Live Oak.

The new facility had a large display window and a tower of glass bricks that, when lighted, was designed to make the company's name more noticeable at night.

In a second action, Lowe, Fred Addison, Greer, and Jim Pavelka were elected trustees of the Texas Distributors Profit Sharing Trust, which was based on six-months vesting, and the company promised to contribute annually an amount equal to twenty-five percent of its net pre-tax earnings.

To raise working capital, Lowe offered to sell his employees nonvoting stock in the company which, at that point, only he, his officers, his aunt and his mother owned.

In 1949, General Electric offered TD its line of heating equipment, and the company began to have dealers and a small wholesale business.

In 1952, Texas Distributors and General Electric put together a store cooler and a GE furnace as a year-round air-conditioning system for the home.

General Electric opened a new manufacturing plan in Tyler, Texas, and TD was expected to be the recipient of much of the equipment produced there.

The manufacturer presented Texas Distributors with two hundred thousand dollars in working capital, half of which was a loan to TD, and the other half of which was one hundred thousand dollars in Texas Distributors preferred stock sold to GE, with TD paying the dividends on that stock until they could accumulate enough money to buy it back.