PHOENIX -- Goettl Air Conditioning, Inc. said it is in negotiations to sell its manufacturing and contracting assets to a management team. Goettl said it is Arizona's oldest air conditioning company.

The management team, which has more than 50 years of combined experience with the company, is comprised of president Daniel Burke, and vice presidents Jason Fairfield, Bradley Morari, and John Ryan.

It is anticipated that, if the transaction is completed, the new company would continue to manufacture and install high-efficiency air conditioning and heating products and services under the Goettl Air Conditioning brand.