Goettl Air Conditioning, inc. has reached an agreement in principle in which it would sell selected manufacturing and contracting assets to a limited liability corporation owned by four members of its current management team.
The new ownership LLC will be comprised of Dan Burke, Brad Morari, John Ryan and Jason Fairfield, who have a combined 50 years experience with Goettl.
After the transaction is completed, the new company will do business under the name Goellt Air Conditioning, and will service Goettl Air Conditioning Inc.’s existing warranty and installation service agreements.
The transaction is expected to be completed by the end of March.
Goettl has manufactured heating and air conditioning products in Arizona since 1939. The new ownership group says it will keep the company in Arizona.