Private Equity Firm Financial Services

Madison Dearborn Partners

Chicago, Illinois, United States

Madison Dearborn Partners (MDP) is a private equity investment firm based in Chicago. Since 1992, it has raised aggregate capital and invests in partnership with management teams, pursuing buyout and growth equity opportunities across three verticals: Financial Services, Healthcare, and Technology & Government.

Focus Areas
Private equity investments, Upper middle market and middle market buyouts, Growth equity investments
Website
www.mdcp.com

Tracked deals

34

34 tracked deals across 2020-2026.

Recent pace

6

6 tracked deals announced in the last 12 months.

Deal mix

Buyout

16 buyout · 9 addon · 8 growth capital

Madison Dearborn Partners Acquisition Volume by Year

Last 7 years

Acquisition volume by year Annual acquisition counts for the last 7 years for Madison Dearborn Partners. 7 2020 3 2021 6 2022 4 2023 4 2024 4 2025 ~8 est. 6 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

Showing the 12 most recent of 34 tracked deals for Madison Dearborn Partners.

  • Buyer
    Madison Dearborn Partners
    Target
    The Marygold Companies, Inc.
    Type
    Buyout

    The Marygold Companies, Inc. (MGLD) is involved in a proposed sale to affiliates of Madison Dearborn Partners. The announcement states that Marygold shareholders are expected to receive $2.00 in cash per share, and that the inquiry is focused on whether the deal is fair.

  • Buyer
    Madison Dearborn Partners
    Target
    The Marygold Companies, USCF
    Location
    United States
    Type
    Buyout

    Madison Dearborn Partners agreed to acquire The Marygold Companies in an all-cash transaction valued at $2 per share, representing a 100% premium to Marygold’s prior closing share price. Following the acquisition, the parties plan to refocus the business on USCF and support USCF’s product development, distribution, and marketing.

  • Buyer
    Madison Dearborn Partners
    Target
    Stephano Slack
    Industry
    IT Services

    Madison Dearborn Partners (MDP) made a significant growth investment in Stephano Slack, a California-based aviation services company providing aircraft maintenance, modifications, and engineering. The deal was announced June 10, with financial terms not disclosed, and positions MDP to pursue further consolidation and expansion in the fragmented aviation maintenance, repair, and overhaul (MRO) market.

  • Buyer
    Madison Dearborn Partners, Norlantic Capital
    Target
    Stephano Slack LLC

    Stephano Slack, an accounting and advisory firm based in Wayne, Pennsylvania, secured a strategic growth investment from funds managed by Madison Dearborn Partners (MDP), with co-investor Norlantic Capital participating. The capital is intended to accelerate expansion, enhance service capabilities, invest in talent and technology, and broaden geographic reach. Jim Brady will join as Executive Chairman following the close, and the firm will operate under an alternative practice structure for attest and non-attest services.

  • Buyer
    Nichols Cauley, Madison Dearborn Partners
    Target
    The Molieri Group
    Industry
    Accounting & Tax
    Location
    United States
    Type
    Addon

    Nichols Cauley, a financial services company focused on small and midsized businesses, announced it has acquired The Molieri Group, a Miami-based specialty tax boutique. The Molieri Group adds expertise in inbound and outbound international tax consulting, estate and trust matters, and complex planning for high-net-worth individuals and their businesses.

  • Buyer
    Madison Dearborn Partners
    Target
    Nichols Cauley, Partners Risk Services, JGH Consulting
    Type
    Buyout

    Nichols Cauley has agreed to merge with insurance brokerage Partners Risk Services and transaction advisory firm JGH Consulting to form an integrated financial services platform. The platform will be backed by a strategic growth investment from Madison Dearborn Partners and is expected to close in the first quarter of 2026.

  • Buyer
    Madison Dearborn Partners, LLC, Funds affiliated with Madison Dearborn Partners, LLC
    Target
    NextGen Healthcare, Inc.
    Seller
    Thoma Bravo
    Location
    United States

    Madison Dearborn Partners (MDP) has signed an agreement and later completed an acquisition of a significant ownership position in NextGen Healthcare. Thoma Bravo retains a significant stake, and both firms will partner with NextGen Healthcare’s management to accelerate growth, including higher annual R&D investment and expansion of AI-driven capabilities.

  • Buyer
    T2S Solutions, Madison Dearborn Partners
    Target
    Blue Marble Communications
    Type
    Addon

    T2S Solutions, a mission-focused defense and space technology provider backed by Madison Dearborn Partners, has acquired Blue Marble Communications, a San Diego-based designer and manufacturer of space‑qualified communications and computing technologies. The deal expands T2S' capabilities and scale in high‑performance satellite communications, optical terminals, RF modems, and onboard processing to serve U.S. national security and commercial space markets.

  • Buyer
    Lightspeed Systems, Madison Dearborn Partners, Genstar Capital
    Target
    STOPit Solutions
    Industry
    Education
    Type
    Buyout

    Lightspeed Systems, supported by funds affiliated with Madison Dearborn Partners and Genstar Capital, has acquired STOPit Solutions to integrate anonymous reporting and crisis management with its student safety monitoring and web-filtering tools. The acquisition expands Lightspeed’s capabilities to provide unified case management, 24/7 human review, and enhanced visibility for K–12 schools to detect and prevent safety risks earlier.

  • Buyer
    Harmonia Holdings Group, LLC, Madison Dearborn Partners
    Target
    Maveris
    Industry
    Cybersecurity
    Type
    Buyout

    Harmonia Holdings Group, a provider of advanced technology solutions to the U.S. federal government, has acquired Maveris as a wholly owned subsidiary to strengthen its cybersecurity capabilities and broaden its federal customer relationships, including deep ties with the Department of Veterans Affairs. The deal supports Harmonia’s growth strategy, which is backed by a strategic investment from Madison Dearborn Partners; financial terms were not disclosed.

  • Buyer
    Solis Mammography, Madison Dearborn Capital Partners
    Target
    Breast Center of Acadiana
    Type
    Addon

    Solis Mammography has acquired Breast Center of Acadiana, adding the practice's two breast imaging locations in Lafayette and Youngsville, Louisiana to its national network. The deal expands Solis's footprint into its 18th major market as the private equity-backed operator continues consolidating specialized breast imaging centers.

  • Buyer
    Madison Dearborn Partners, Damon Griggs, Jon Brooks
    Target
    Harmonia Holdings Group, LLC

    Funds affiliated with Madison Dearborn Partners (MDP) have made a strategic growth investment in Harmonia Holdings Group to accelerate the company's expansion as a digital transformation provider to the U.S. Federal Government. As part of the transaction, industry veteran Damon Griggs joins Harmonia as CEO and Chairman and Jon Brooks joins as Chief Business and Legal Officer; Harmonia's founders retain significant ownership. Financial terms were not disclosed.

Related Acquisition Pages

Selling a company? Get in front of buyers like Madison Dearborn Partners

Turn tracked acquisition activity into an outreach-ready buyer list.