M&A Deal Summary

Madison Industries Acquires Novelaire Technologies

On October 6, 2020, private equity firm Madison Industries acquired manufacturer Novelaire Technologies

Acquisition Highlights
  • This is Madison Industries’ 8th transaction in the Manufacturing sector.
  • This is Madison Industries’ 32nd transaction in the United States.
  • This is Madison Industries’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2020-10-06
Target Novelaire Technologies
Sector Manufacturing
Buyer(s) Madison Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

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 was founded in 1998 and is based in Baton Rouge, Louisiana.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 37 of 47
Sector (Manufacturing) 8 of 12
Type (Buyout (LBO, MBO, MBI)) 16 of 21
State (Louisiana) 1 of 1
Country (United States) 32 of 39
Year (2020) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-20 Broan-Nutone

Hartford, Wisconsin, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Airxchange

Rockland, Massachusetts, United States

Airxchange is a manufacturer of energy recovery ventilation (ERV) components. Airxchange mission is to design and manufacture high quality products that perform reliably and effectively for the life of the HVAC system, reduce energy consumption, and improve indoor air quality. Airxchange was founded in 1981 and is based in Rockland, Massachusetts.

Buy -
Mergr

Product

Company

Legal