Goodman Global, a leading manufacturer of residential and light commercial heating, ventilation and air-conditioning equipment, recently announced that it has completed its merger with an affiliate of private equity firm Hellman & Friedman LLC.

"This transaction represents a significant step for the Company," said Charles Carroll, President and Chief Executive Officer of Goodman. "We look forward to this partnership with Hellman & Friedman. Our combined resources will support and enhance Goodman's demonstrated ability to deliver both outstanding value and exceptional performance to the residential and light commercial HVAC marketplace." At a special meeting held on January 11, 2008, stockholders representing a majority of common shares outstanding voted in favor of the merger, reveals the company's press release. Under the terms of the merger agreement, Goodman stockholders will receive $25.60 in cash for each outstanding share of stock, without interest.

Philip Hammarskjold, Managing Director of Hellman & Friedman, said, "Goodman is uniquely positioned in its markets. Through best-in-class operations, the Company has demonstrated an ability to deliver both outstanding value to the dealer community and exceptional performance to its shareholders. We are looking forward to partnering with the management team and being a resource for the continued growth of the business."