Goodman Global Group, a leading provider of heating, ventilation and air condition products for residential and commercial use, filed on Friday with the SEC to raise up to $500 million in what will be its second initial public offering in four years. Goodman Global previously completed a $424 million IPO in April 2006 and subsequently agreed to be bought out by private equity firm Hellman & Friedman in late 2007 for $1.8 billion. Prior to its 2006 IPO, Goodman Global was owned by private equity giant Apollo Management. The Houston, TX-based company, which which was founded in 1975, generated $344 million in operating cash flow ("EBITDA") on $1.9 billion in sales for the year ended December 31, 2009. As of March 31, 2010, Goodman Global carried $1.5 billion in total debt on its balance sheet.
J.P. Morgan, Barclays Capital, Morgan Stanley and Deutsche Bank Securities are acting as lead underwriters on the deal. Pricing terms and timing were not disclosed.
