Loar Holdings completes $384.5M acquisition of Applied Avionics; expects $40M revenue, $21M adj. EBITDA

Loar Holdings Inc.

Paid aggregate cash consideration of $384.5M ($2M escrowed) for all equity of Applied Avionics, closing Aug 26, 2024.
Acquisition financed through $360M incremental term loan and cash on hand; net-debt-to-EBITDA projected below 4.0x.
Applied Avionics (VIVISUN, NEXSYS brands) designs avionics interface solutions; 2024E net sales ~$40M, adj. EBITDA ~$21M.
Loar expects approximately $45M in tax benefits from the transaction.

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