Madison Dearborn Partners, LLC

Earlier this week, we hosted our 32nd Annual Investor Meeting at the Four Seasons Chicago, bringing together our valued limited partners, portfolio company management teams, and the extended Madison Dearborn Partners family. During the event, we were thrilled to present Doug Hammond with the inaugural MDP Super Fans Award, recognizing his outstanding leadership and the invaluable partnership we shared during our investment in NFP, an Aon company. Congratulations, Doug, on this well-deserved honor! #ForeverPartners

Chris Trendler, Managing Director and Head of Portfolio Talent, recently participated in Private Equity International’s special podcast miniseries, Disruption Matters. This season, the podcast examines the intersection of tech, talent, and AI and how it drives at portfolio companies and transforms value creation levers. Chris and the other guests discussed tech’s role in recruiting, onboarding, and developing talent, including how best to recruit Gen Z, the limits of AI and how tech is changing the nature of talent management as a discipline.

Earlier this week, Molly Hughes, Vice President on our Capital Markets team, was a featured panelist on an Acquisition Finance Panel at Kayo Conference Series’ Women in M&A Summit in Boston. Molly and her fellow panelists discussed the various alternatives available for financing acquisitions in today’s market and highlighted various ways in which dealmakers can operate in this evolving and complex environment. The Women in M&A Summit unites 300 women leaders in mergers & acquisitions, private equity dealmaking and capital markets and we feel privileged to have been able to share insights with this exceptional group of women.

We are pleased to announce that our leadership has collectively decided to promote nine senior professionals to assume management of MDP. Vahe Dombalagian has been appointed to lead MDP as Managing Partner, a newly created role, and will be supported by eight newly named Partners. Dombalagian and the partnership group succeed Tom Souleles and Tim Sullivan, who have been named Vice Chairmen. The new organizational structure creates a strong foundation of leadership to oversee MDP’s continued long-term success. Learn more about today's announcement here: https://lnkd.in/gSxxE-fB

We are pleased to announce that Matt Norton, Managing Director and Head of MDP’s Technology & Government team, recently joined the National Security Space Association (NSSA) Board of Directors. The NSSA’s mission involves guiding communication, strategy, and education of national security space advancement and related topics, such as educating political and military decision makers on matters related to national security and space domain awareness.

MDP recently made a strategic investment in Harmonia Holdings Group, LLC, a provider of innovative technology solutions to the U.S. Federal Government. We could not be more excited to partner with Damon Griggs and Jonathan Brooks, both former Executive Partners of MDP’s Technology & Government Team. Damon has been appointed Chief Executive Officer and Chairman of the Harmonia Board of Directors and Jon has been appointed Chief Business and Legal Officer. We believe Harmonia is primed for continued strong growth and we look forward to supporting the Harmonia team as the company expands its capability set and capacity to help government agencies serve their constituents more effectively and efficiently. Read more here: https://lnkd.in/gPTSeXJA

Earlier today, our previously announced sale of Kaufman Hall to Vizient, Inc. officially closed. Throughout our highly successful partnership, Kaufman Hall grew in talent, services, and products and delivered increasingly enhanced offerings to solve its clients most challenging problems in the healthcare space. We’re confident Kaufman Hall's unparalleled financial performance offerings, advisory services and client-centric business approach will be great additions to Vizient. Read more here:?https://lnkd.in/gddPNSs2

We are excited to announce that MDP has agreed to sell LinQuest, a leader in National Security space systems and technology solutions for the defense and intelligence communities, to KBR, Inc., a leading provider of science, technology and engineering solutions to governments and companies around the world. MDP has been proud to support LinQuest’s exponential growth and we look forward to seeing LinQuest continue to drive innovation across the Department of Defense and Intelligence Community. Read more here: https://lnkd.in/giPJYhPS

*For Immediate Release* Air Control Concepts Announces Investment from Blackstone Blackstone Joins Existing Investors Madison Dearborn Partners, LLC and the Company’s Management in Partnering to Support Growth of Air Control Concepts’ Leading Commercial HVAC Solutions Platform Norfolk, Virginia – July 15, 2024 – Air Control Concepts (“AIR”), previously known as Hobbs & Associates, Inc., a company that partners with and supports leading commercial HVAC equipment manufacturers, announced today that it will welcome funds managed by Blackstone’s private equity strategy for individual investors (“Blackstone”) as an equity investment partner alongside existing investors, funds affiliated with Madison Dearborn Partners, LLC (“MDP”) and AIR’s management team, to help support the continued growth of AIR’s business. Headquartered in Norfolk, Virginia, AIR supports numerous leading commercial HVAC OEMs across the United States, operating under leading brands including: Advanced Thermal Solutions, LLC, Airetech Corporation, Bay Associates Group, Inc., C.G. Wood Company, LLC, Engineered Building Systems (EBS), Energy Transfer Solutions, LLC (ETS), Etairos HVAC, Faulkner Haynes, Inc., Hobbs & Associates, Inc., Insight Partners, Jobe Industrial Measurement & Control, Klima New Jersey LLC., Klima New York, LLC, and TKO: The Kirkman Oliver Company (TKO). Brad Hobbs, Founder, President and CEO of AIR, stated: "AIR’s mission is to partner with top commercial HVAC OEMs focused on excellence, innovation, and collaboration. While maintaining our commitment to preserving the cultures and values of each of our operating companies, we’ve successfully grown our network of brands and significantly expanded our reach, our vendor and customer relationships, and our employee base. We are thrilled to welcome Blackstone as an investment partner. We believe our vendors and customers will benefit from the resources and expertise of both MDP and Blackstone, as will the network of operating companies aligned under our corporate name.” Seth Meisel, Senior Managing Director, and Karl Eber, Managing Director, at Blackstone, said: “We are thrilled to partner with AIR and MDP and help AIR expand even further in the years ahead. Blackstone has deep experience in this sector and we look forward to working closely with AIR’s leadership team to invest behind its further growth for the benefit of AIR’s partners and customers.” Richard Copans, Managing Director and Head of MDP’s Basic Industries team, and Drew Macha, Managing Director at MDP, added: “We have enjoyed a very successful partnership with Brad and the AIR management team thus far, and we are excited to welcome Blackstone as an investment partner. We look forward to continuing to support the AIR team in accelerating their operating companies’ growth and ongoing success in partnership with Blackstone." See the full press release in the attached PDF.

We are excited to have made a strategic investment in Omni Federal, a founder-led, high-growth provider of innovative and intuitive mission and enterprise software solutions to the U.S. Department of Defense and Intelligence Community. We look forward to partnering with Co-Founder & CEO Parag Thakker and the rest of Omni’s management team to help Omni continue to modernize the software technologies utilized by the DoD and IC and improve the end-user experience and mission performance. Read more here: https://lnkd.in/gDnz_CUj