Madison Industries Acquires Nortek Air for $3.625 billion

Madison Industries, a large privately held company, has announced that it has entered into an agreement to acquire Nortek Air, a provider critical air management, thermal and HVAC solutions.

According to Madison, the deal adds strong Nortek brands such as Broan, NuTone, Reznor, StatePoint, Zephyr, Huntair and many others to its portfolio of indoor air quality solutions.

“The global pandemic has put a spotlight on the importance of indoor air quality,” says Larry Gies, founder, Madison.

“The Nortek Air businesses perfectly complement our portfolio of companies that provide solutions to improve the quality of indoor air. Our mission is to make the world safer, healthier and more productive and the addition of Nortek Air with its 6,000 passionate employees allows us to deliver even more of that mission. The Madison team is committed to improving indoor air quality and delivering solutions that provide healthy air for its customers.”

Nortek Air, currently a subsidiary of Melrose Industries PLC, represents a range of products that span from custom and commercial air solutions for high-performance environments, to residential and commercial HVAC and fresh air ventilation systems for homes.

Madison points out that Nortek Air’s family of brands represents a combined total of more than 390 years of experience providing solutions for a variety of markets including healthcare, education, data center, pharmaceutical, industrial, residential, office and clean room. Its technology not only delivers improved air quality for indoor spaces, but also increases energy efficiency, reduces operating costs, maximizes performance, lowers noise pollution and ensures system reliability.

The addition of Nortek Air positions Madison Industries to better serve its customers by providing a full suite of air hygiene solutions to improve indoor air quality for the health and longevity of building occupants.

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