CHICAGO – Madison Industries announced an agreement to acquire Nortek Air. The deal adds Nortek brands such as Broan, NuTone, Reznor, StatePoint, Zephyr, Huntair, and others to Madison’s portfolio of indoor air quality solutions.
“The global pandemic has put a spotlight on the importance of indoor air quality,” said Madison founder Larry Gies. “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.”
The acquisition is slated to close this summer.