Goodman Global Holdings, one of the largest privately held air conditioning and heating equipment manufacturers in the United States, will be acquired by private investment firm Apollo Management for about $1.43 billion. The closing of the acquisition is expected in the first quarter of 2005, the company reported.
Under the terms of the agreement, members of the Goodman family will retain a significant investment in the company. John B. Goodman will continue to serve on Goodman's board. The senior management team led by Charles A. Carroll, president and CEO, will stay the same.