CHICAGO, IL – June 5, 2026 – Madison Industries announced the successful public listing of Madison Air (NYSE: MAIR) on April 16, 2026, a milestone in the company’s strategy of building and scaling market-leading businesses that make the world safer, healthier and more productive.

Founded by Madison Industries Founder and CEO Larry Gies in 2017, Madison Air was created to unlock the value of air in environments where health, safety and performance depend on it. Under the leadership of CEO Jill Wyant, the company has established a leading position in growth markets including healthcare, life sciences, healthy homes, data centers and advanced manufacturing. Through its Return on Air™ approach, Madison Air delivers measurable value in mission-critical environments where air quality impacts health, productivity, uptime and yield.

“From day one, the goal was to build an industry-leading company in a category that matters deeply to health, safety and productivity while creating long-term value,” said Gies. “Madison Air was founded on the belief that air is one of the most important – and most undervalued – factors affecting human outcomes and operational performance.”

“This milestone reflects the progress we’ve made as a team as we build a company grounded in purpose, performance, and long-term growth,” said Wyant. “We operate in critical markets where the need for safer, healthier, and more productive environments continues to grow. We’re well positioned to keep innovating and delivering solutions that drive tangible outcomes for our customers, employees, and shareholders. And I’m confident in our team and the path we’re on.”

The public listing reflects Madison Industries’ approach of building market-leading businesses through differentiated technologies and exceptional leadership. As Madison Air begins its next chapter as a public company, Gies emphasized its long-term focus: “Owners build with a long-term mindset for customers, employees and what comes next. Taking Madison Air public provides a permanent capital structure to support continued growth and innovation. We have tremendous confidence in the team, the strategy and the opportunity ahead – and we’re just getting started!”

About Madison Air

Madison Air is an air quality solutions provider for priority commercial and residential markets. Through its portfolio of trusted brands, including Addison, AprilAire, Big Ass Fans, Broan-NuTone, Nortek Air Solutions, Nortek Data Center Cooling and Reznor, the company helps customers improve performance, protect critical assets and create healthier indoor environments. Madison Air’s mission is to make the world safer, healthier and more productive through the power of better air.

About Madison Industries

Madison is one of the largest and most successful privately held companies in the world. Madison builds entrepreneurially driven, branded market leaders that are committed to making the world safer, healthier and more productive by creating innovative solutions that deliver outstanding customer value. The team at Madison is committed to building something truly remarkable that long outlasts them while coaching others to reach their highest potential. Please visit us at www.madison.net.