Suntrust Robinson Humphrey Believes Goodman Global (GGL) Could Spur Other Deals
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Goodman Global (NYSE: GGL), a residential HVAC equipment producer, announced that private equity firm Hellman & Friedman has agreed to acquire the firm for $25.60 per share in an all cash offer.
Speculation of a potential sale of the GGL in-house distribution to Watsco (NYSE: WSO) reached a fever pitch in June but quieted along with the aforementioned GGL deal prospects. Suntrust Robinson Humphrey believes the attention to the possibility will accelerate again, particularly given today\\\'s Watsco investor day in New York.
Suntrust Robinson Humphrey believes private equity may now be coming to the Building Supply industry. The analyst said, "...valuations in our group have been falling and housing won\\\'t deteriorate forever making our space attractive to private equity once again."
Some Companies: American Standard Companies, Inc. (NYSE: ASD), Wolseley plc (NYSE: WOS), Watsco Inc. (NYSE: WSO), Interline Brands Inc. (NYSE: IBI), Mohawk Industries Inc. (NYSE: MHK), Building Materials Holding Corp. (NYSE: BLG), Building Materials Holding Corp. (NYSE: BLG), Builders FirstSource, Inc. (Nasdaq: BLDR), Pool Corp (Nasdaq: POOL), Lennox International Inc. (NYSE: LII), Watts Water Technologies, Inc. (NYSE: WTS)
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