Madison Industries completed the acquisition of Big Ass Fans from Lindsay Goldberg for $1.1bn.

Madison Industries, a holding company, completed the acquisition of Big Ass Fans, a provider of high volume, low speed and connected fan categories, from Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams, for $1.1bn. "We are incredibly proud of our partnership with Big Ass Fans and of our collaboration with the Company’s exceptional management team. This investment exemplifies the value we bring to our portfolio companies by working closely with founders and management teams to identify attractive areas for expansion, invest in new product development, enhance operations and drive growth. In recent years, Big Ass Fans strengthened and extended its industry-defining brand, increased focus on sales and marketing excellence, improved margins and cash flow, and effectively managed through Covid while growing EBITDA. Of course, the entire Big Ass Fans team played a role in this transformation, and we wish them continued success as part of Madison IAQ," Russell Triedman, Lindsay Goldberg Managing Partner.