Goodman Global Completes Merger with Hellman & Friedman

  
    
  
  
    
      Goodman Global, Inc. (NYSE:GGL), a leading manufacturer of residential 
      and light commercial heating, ventilation and air-conditioning 
      equipment, announced today 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 of stockholders held on January 11, 2008, 
      stockholders representing a majority of common shares outstanding voted 
      in favor of the merger. Under the terms of the merger agreement, Goodman 
      stockholders will receive $25.60 in cash for each outstanding share of 
      stock, without interest. As a result of the merger, it is expected that 
      February 13, 2008 will be the last day of trading in shares of Goodman 
      Global common stock, ticker symbol “GGL”, 
      on the New York Stock Exchange.
    
    
      The merger consideration and refinancing of previously existing debt, 
      approximately $2.7 billion, was provided by affiliates of Hellman & 
      Friedman and through financing arranged by Barclays Capital, Calyon New 
      York Branch, GE Commercial Finance and certain vehicles managed by GSO 
      Capital Partners LP and Farallon Capital Management, L.L.C.
    
    
      Goldman, Sachs & Co. and J.P. Morgan Securities Inc. acted as advisors 
      to Goodman’s Board of Directors in connection 
      with the transaction. O’Melveny & Myers LLP 
      and Simpson Thacher & Bartlett LLP served as legal advisors to Goodman 
      and Hellman & Friedman, respectively.
    
    
      About Goodman
    
    
      Houston-based Goodman Global, Inc. is the second-largest domestic unit 
      manufacturer of heating, ventilation and air conditioning products for 
      residential and light-commercial use. Goodman’s 
      products are predominantly marketed under the Goodman®, 
      Amana® and Quietflex® 
      brand names, and are sold through company-operated and independent 
      distribution networks with more than 850 distribution points throughout 
      North America. For more information about Goodman, visit www.goodmanglobal.com.
    
    
      Amana® is a 
      trademark of Maytag Corporation and is used under license to Goodman 
      Company, L.P. All rights reserved.
    
    
      About Hellman & Friedman LLC
    
    
      Hellman & Friedman LLC is a leading private equity investment firm with 
      offices in San Francisco, New York and London. The Firm focuses on 
      investing in superior business franchises and serving as a value-added 
      partner to management in select industries including business services, 
      asset management, information services, media, energy and healthcare. 
      Since its founding in 1984, Hellman & Friedman has raised and, through 
      its affiliated funds, managed over $16 billion of committed capital and 
      is currently investing its sixth partnership, Hellman & Friedman Capital 
      Partners VI L.P., with over $8 billion of committed capital. Other 
      recent investments include: Catalina Marketing Corporation, Kronos 
      Incorporated, Sheridan Healthcare, Inc., Gartmore Investment Management 
      plc, IRIS Software Group Limited, LPL Holdings, Inc., DoubleClick, Inc., 
      The Nasdaq Stock Market, and Texas Genco LLC.