M&A Deal Summary

Madison Industries Acquires Steril-Aire

On December 1, 2020, private equity firm Madison Industries acquired electrical equipment company Steril-Aire

Acquisition Highlights
  • This is Madison Industries’ 2nd transaction in the Electrical Equipment sector.
  • This is Madison Industries’ 34th transaction in the United States.
  • This is Madison Industries’ 2nd transaction in California.

M&A Deal Summary
Date 2020-12-01
Target Steril-Aire
Sector Electrical Equipment
Buyer(s) Madison Industries
Deal Type Buyout (LBO, MBO, MBI)

Target

Steril-Aire

Burbank, California, United States
Steril-Aire provides high-output ultraviolet germicidal solutions for improved indoor air quality and energy efficiency. Steril-Aire produce innovative, technological solutions, backed by science, that enhance customer’s image, save money and create a better environment to live, work and breathe. Steril-Aire was founded in 1994 and is based in Burbank, California.

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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 39 of 47
Sector (Electrical Equipment) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 18 of 21
State (California) 2 of 3
Country (United States) 34 of 39
Year (2020) 5 of 6
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Heatex

Malmo, Sweden

Heatex engages in the development and production of air-to-air heat exchangers for building ventilation and for cooling electronic equipment in the IT, telecom and energy industries. Heatex was founded in 1987 and is based in Malmo, Sweden.

Buy -
Mergr

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