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M&A Deal Summary

Madison Industries Acquires SimX

On November 14, 2024, private equity firm Madison Industries acquired information technology company SimX

Acquisition Highlights
  • This is Madison Industries’ 1st transaction in the Information Technology sector.
  • This is Madison Industries’ 40th transaction in the United States.
  • This is Madison Industries’ 4th transaction in California.

M&A Deal Summary
Date 2024-11-14
Target SimX
Sector Information Technology
Buyer(s) Madison Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

SimX

Mountain View, California, United States
SimX is a virtual reality medical simulation training platform and home to the largest library of VR-simulated patient encounters. Developed by clinicians for clinicians, SimX is currently used to train doctors, nurses, EMS, healthcare providers, and military personnel to prepare through more accessible, immersive, and affordable simulated patient encounters. SimX was formed in 2013 and is based in Mountain View, California.

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Buyer(S) 1

Buyer

Madison Industries

Chicago, Illinois, United States

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 48 of 49
Sector: Information Technology M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 22 of 23
State: California M&A 4 of 4
Country: United States M&A 40 of 40
Year: 2024 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Elevate Healthcare

Sarasota, Florida, United States

Elevate Healthcare is a medical simulation company with a mission to improve healthcare education and patient safety. It designs and builds products for patient simulation, surgical simulation, ultrasound simulation, and clinical simulation management. Elevate Healthcare was founded in 2009 and is based in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-21 Fire Fighting Systems

Moss, Norway

Fire Fighting Systems (FFS) is a developer of external firefighting systems. FFS has designed and delivered the largest ever land-based mobile firefighting system in addition to external firefighting systems on the most powerful and advanced fireboats. FFS is based in Moss, Norway.

Buy -
Mergr

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