M&A Deal Summary

Madison Industries Acquires Filtran

On October 23, 2009, private equity firm Madison Industries acquired automotive company Filtran from SPX Technologies

Acquisition Highlights
  • This is Madison Industries’ 1st transaction in the Automotive sector.
  • This is Madison Industries’ 15th transaction in the United States.
  • This is Madison Industries’ 2nd transaction in Illinois.

M&A Deal Summary

Date 2009-10-23
Target Filtran
Sector Automotive
Buyer(s) Madison Industries
Sellers(s) SPX Technologies
Deal Type Divestiture

Target

Filtran

Des Plaines, Illinois, United States
Filtran provides automotive filtration solutions. Filtran’s full service offering benefits its global customer base from the initial filter design to the final system validation. Customers rely on Filtran to provide innovative solutions with high quality products and efficient production. Filtran is based in Des Plaines, Illinois.

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Buyer(S) 1

Buyer

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


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 18 of 50
Sector: Automotive M&A 1 of 1
Type: Divestiture M&A Deals 8 of 17
State: Illinois M&A 2 of 3
Country: United States M&A 15 of 41
Year: 2009 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Global Employment Solutions

Littleton, Colorado, United States

Global Employment Solutions, Inc. provides Information Technology and Professional staffing services in the commercial and government markets under the brands Fahrenheit IT, ITEC and Global Employment Solutions. GES employs over 1,500 professionals with office locations in 13 markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Filtration Group

Austin, Texas, United States

Filtration Group designs and manufactures filtration systems and components for applications in healthcare, life sciences, environmental safety, and industrial processes. Filtration Group’s portfolio includes air, liquid, and process filtration solutions used across global markets to improve air quality, product purity, and equipment efficiency.. Filtration Group was founded in 1942 and is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

SPX Technologies

Charlotte, North Carolina, United States

Category Company
Founded 1912
Sector Machinery
Employees4,300
Revenue 2.0B USD (2024)
DESCRIPTION
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.
Entrance to SPX's corporate headquarters in Charlotte, North Carolina.

SPX Technologies is a provider of highly specialized, engineered solutions for the energy and food/beverage industries. Key products include processing systems and components for the food and beverage industry, pumps, valves and filtration equipment used in oil and gas processing, power transformers used by utility companies, and cooling systems for power generation plants and HVAC applications. SPX Technologies was founded in 1912 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 15 of 23
Sector: Automotive M&A 2 of 3
Type: Divestiture M&A Deals 15 of 23
State: Illinois M&A 1 of 1
Country: United States M&A 12 of 17
Year: 2009 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-10-01 LDS Test and Measurement

Wallingford, California, United States

LDS Test and Measurement, Inc. makes integrated vibration test and measurement equipment and software.

Sell £58M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-24 P.S.D.

Canton, Ohio, United States

P.S.D., Inc. is a full service provider of engineering, procurement and construction (EPC) solutions for high-voltage engineered systems.

Sell -