M&A Deal Summary

Madison Industries Acquires Broan-Nutone

On April 20, 2020, private equity firm Madison Industries acquired consumer products company Broan-Nutone from Nortek Air

Acquisition Highlights
  • This is Madison Industries’ 1st transaction in the Consumer Products sector.
  • This is Madison Industries’ 31st transaction in the United States.
  • This is Madison Industries’ 1st transaction in Wisconsin.

M&A Deal Summary
Date 2020-04-20
Target Broan-Nutone
Sector Consumer Products
Buyer(s) Madison Industries
Sellers(s) Nortek Air
Deal Type Divestiture

Target

Broan-Nutone

Hartford, Wisconsin, United States
website
Broan-NuTone is a designer, manufacturer and marketer of the Best brand of kitchen ventilation products. Broan-Nutone products help builders, remodelers, contractors, designers, and architects build and update homes’ ventilation systems while providing added features like antimicrobial LED lights, humidity and heat sensors, smart motors, and cloud-connected automated indoor air quality. . Broan-Nutone is based in Hartford, Wisconsin.

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Buyer(S) 1

Buyer

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.

DEAL STATS #
Overall 36 of 43
Sector (Consumer Products) 1 of 1
Type (Divestiture) 15 of 17
State (Wisconsin) 1 of 1
Country (United States) 31 of 37
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-03 Holmatro

Raamsdonksveer, Netherlands

Holmatro has been developing, producing and testing high-pressure hydraulic equipment for rescue, industrial and tactical applications. Holmatro was founded in 1967 and is based in Raamsdonksveer, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-06 Novelaire Technologies

Baton Rouge, Louisiana, United States

Novelaire Technologies has been Creating the Great Indoors for more than 25 years by providing advanced humidity control equipment to hundreds of OEMs and thousands of other customers throughout the world. NovelAire manufactures energy conservation wheels and desiccant dehumidification wheels that are supplied to many of the major HVAC manufacturers. Novelaire Technologies is based in Baton Rouge, Louisiana.

Buy -

Seller(S) 1

SELLER

Nortek Air

O’Fallon, Missouri, United States

website

Category Company
Founded 1977
Sector Manufacturing
DESCRIPTION

Nortek Air is a diversified manufacturer of world-class products spanning custom and commercial air solutions for high-performance environments, residential and commercial HVAC, and fresh air ventilation systems for homes. Nortek Air was founded in 1977 and is based in O’Fallon, Missouri.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Divestiture) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Nuiku

Redmond, Washington, United States

Nuiku, Inc. is a robust, data driven platform and cloud based application program interface (API) that enables seamless natural language processing (NLP) across applications and devices.

Buy -
Mergr

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