Madison Air Acquired AprilAire in May 2025

Madison Air's AprilAire acquisition, completed in May 2025, contributed significantly to Q1 2026 results, including $120.7 million in Residential net sales and $37.5 million in Residential Adjusted EBITDA.

“The acquisition of AprilAire in May 2025 (the “AprilAire Acquisition”) contributed $5.8 million of Adjusted EBITDA to the Commercial segment growth.”

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