Who is Our Client?

• Mader Machine, based in Greater Cleveland, is a leading engineer, designer and manufacturer of industrial dampers.
• Mader has a rich cultural history and has been family owned and operated since 1976.
• Mader has an installed base of 6,600+ projects primarily serving the power generation, oil and gas and industrial markets.

Why Did Mader Machine Hire Nolan?

• The first generation founding shareholders of Mader sought to transition to retirement and achieve a partial liquidity event.
• Mader’s second generation of leadership had the goal of continuing to operate and grow the business while maintaining an ownership position.
• Mader sought a partner with similar values that could achieve the goals of all shareholders while strengthening Mader’s competitive position and expanding its reach.

What Value Did Nolan Deliver?

• Nolan marketed Mader’s manufacturing capabilities, strong record and reputation, experienced management team and installed base of 6,600+ projects to a diverse mix of strategic targets and private equity groups.
• Included in the list of potential partners was Chartwell Investments, a private equity firm headquartered in New York, with portfolio company experience in the energy equipment business.
• Chartwell presented both a financially attractive offer and perfect strategic fit that matched the Mader family expectations.
• The combination of Mader’s experience and values, Chartwell’s strategic resources and synergies through its portfolio company experience, along with their long-term approach have led to the perfect fit for all.