Madison Air Growth Driven by Acquisitions and Data Center Demand

Madison Air's Q1 2026 results highlight a roll-up strategy, with acquisitions contributing significantly to both Commercial and Residential segment growth. Organic growth was driven by data center cooling, indicating a thematic trend of HVAC consolidation targeting high-growth end markets.

“Acquisitions contributed $25.7 million or 5.2% of net sales. Organically, our Commercial net sales increased by 17.2%. More than half of this organic growth was driven by our data center cooling business.”

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