"We are pleased to announce the important transition with Apollo," said John B. Goodman, chairman of Goodman's board. "We believe that our strong brand names and market-leading position, combined with Apollo's financial resources and extensive relationships, will further Goodman's position as a premier company in the [HVAC] industry."
John B. Goodman will continue to serve on Goodman's board, and the senior management team, led by president and chief executive officer Charles A. Carroll, will continue to serve in their current capacities.