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Chicago, Illinois–(Newsfile Corp. – April 19, 2021) – Madison Industries, one of the world’s largest privately held companies, announced today an agreement to acquire Nortek Air, a leader in providing critical air management, thermal and HVAC solutions. The deal adds strong Nortek brands such as Broan, NuTone, Reznor, StatePoint, Zephyr, Huntair and many others to Madison’s robust portfolio of indoor air quality solutions.
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“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