Operating Company Manufacturing

Madison Industries

Chicago, Illinois, United States

Madison Industries is a privately held industrial company building entrepreneurially driven, branded market leaders across air, water and related markets, with a focus on improving safety, health, and productivity through innovative solutions.

Focus Areas
Indoor Air Quality, HVAC / Ventilation Fans, Air Filtration / Purification
Website
madison.net

Tracked deals

7

7 tracked deals across 2015-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Buyout

5 buyout · 2 addon

Madison Industries Acquisition Volume by Year

Last 3 years

Acquisition volume by year Annual acquisition counts for the last 3 years for Madison Industries. 1 2020 3 2021 2 2025

Supporting Data

Recent Transactions

  • Buyer
    Madison Air, Madison Industries
    Target
    Research Products Corporation
    Type
    Addon

    Madison Air, the indoor-air platform of privately held Madison Industries, has acquired Research Products Corporation (RPC), the maker of AprilAire, driSteem, Anden and RPFilters. The deal brings RPC’s residential and commercial indoor air quality products and expertise into Madison Air’s portfolio to expand capabilities across HVAC, filtration, humidification/dehumidification and air purification markets.

  • Buyer
    Madison Air
    Target
    AcoustiFLO, LTD.
    Industry
    Manufacturing
    Type
    Addon

    Madison Air has acquired AcoustiFLO, a Denver‑area manufacturer of high‑performance plenum fans and acoustic fan technology, to add aerodynamic efficiency and acoustic performance capabilities to its Air Handling Group (AHG). AcoustiFLO, founded in 1995 and headquartered in Aurora, Colorado, will report to Madison Air's AHG and its technology will be integrated across portfolio air‑handling platforms including FANWALL offerings.

  • Buyer
    Madison Industries (Madison IAQ)
    Target
    Big Ass Fans
    Seller
    Lindsay Goldberg
    Industry
    Manufacturing
    Type
    Buyout

    Madison Industries’ Indoor Air Quality vertical (Madison IAQ) has agreed to acquire Big Ass Fans from funds managed by Lindsay Goldberg. Financial terms were not disclosed; the deal is expected to close in Q3 2021 and expands Madison’s indoor air quality and airflow product portfolio.

  • Buyer
    Filtration Group, Madison Industries
    Target
    Molecular Products
    Seller
    Arlington Capital Partners
    Industry
    Manufacturing
    Location
    Essex, United Kingdom
    Type
    Buyout

    Filtration Group, an affiliate of Madison Industries, has acquired Molecular Products, a global provider of pure air technologies, from Arlington Capital Partners. The deal brings Molecular's advanced chemical-based air treatment products and manufacturing capabilities into Filtration Group's portfolio to expand its life- and mission-critical filtration offerings across healthcare, defense and industrial markets.

  • Buyer
    Madison Industries
    Target
    UV Resources, LLC
    Seller
    UV Resources shareholders
    Industry
    Manufacturing
    Type
    Buyout

    Madison Industries has acquired UV Resources, a Valencia, California-based designer and manufacturer of ultraviolet (UV) lighting and germicidal solutions. UV Resources will become a division within Madison's Indoor Air Quality (IAQ) segment; financial terms were not disclosed.

  • Buyer
    Filtration Group, Madison Industries
    Target
    Flow Dry Technology, Inc.
    Seller
    Argosy Investment Partners V, L.P., Parallel fund managed by Argosy Private Equity
    Industry
    Manufacturing
    Type
    Buyout

    Filtration Group, a Madison Industries company, acquired Flow Dry Technology, a designer and manufacturer of desiccant bags, value-added assemblies, and moisture-protection solutions. The acquisition marks an exit for Argosy Private Equity, which had owned Flow Dry since 2014; Flow Dry is headquartered in Brookville, Ohio with additional manufacturing facilities in China and Hungary.

  • Buyer
    Madison Industries
    Target
    Ferry Industries Inc.
    Seller
    Harry Covington
    Industry
    Manufacturing
    Type
    Buyout

    Chicago-based holding company Madison Industries has purchased Ferry Industries Inc., a Stow, Ohio manufacturer of rotational molding machinery, band-saws and CNC machining centers. Ferry's president and long-time owner Harry Covington will remain as president and retain an ownership stake; Madison plans to make Ferry the foundational company for its new Madison Industrial Solutions group to grow via complementary acquisitions.

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