Investment Summary

Madison Industries Invests In WATERAX

On January 23, 2023, private equity firm Madison Industries invested in safety/security company WATERAX

Investment Highlights
  • This is Madison Industries’ 3rd transaction in the Safety/Security sector.
  • This is Madison Industries’ 1st transaction in Canada.
  • This is Madison Industries’ 1st transaction in Quebec.

Investment Summary

Date 2023-01-23
Target WATERAX
Sector Safety/Security
Investor(s) Madison Industries
Deal Type Growth Capital

Target

WATERAX

Montreal, Quebec, Canada
WATERAX is a producer of wildland firefighting equipment, with an offering that includes its flagship product, the MARK-3 pump. WATERAX was founded in 1898 and is based in Montreal, Quebec.

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Investor(S) 1

Investor

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 45 of 47
Sector (Safety/Security) 3 of 3
Type (Growth Capital) 2 of 2
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2023) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Conviron

Winnipeg, Manitoba, United Kingdom

Conviron is a designer and supplier of plant growth chambers and rooms. Conviron was founded in 1964 and is based in Winnipeg, Manitoba.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-27 Streck

La Vista, Nebraska, United States

Streck is an industry leader in the development and manufacturing of laboratory products that clinical laboratories use to ensure their instruments are accurately reporting patient results. In fact, Streck invented the first hematology reference controls and has developed many more firsts for the clinical laboratory. Streck was founded in 1971 and is based in La Vista, Nebraska.

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