Apollo Management to acquire HVAC manufacturer Goodman for ~$1.43 billion

Apollo Management agreed to acquire Goodman Global Holdings, parent of the second-largest U.S. residential and light-commercial HVAC manufacturer, for approximately $1.43 billion. The Goodman family and senior management retained equity stakes; closing was expected in Q1 2005 pending HSR antitrust approval.

“Goodman Global Holdings Inc. and Apollo Management L.P. announced that they have signed definitive agreements under which Apollo will acquire Goodman for approximately $1.43 billion. Goodman Global Holdings is the parent of Goodman Manufacturing, the second-largest manufacturer of residential and light commercial heating and air conditioning products in the United States. Apollo is a major private investment firm.”

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.