secwatch.observer — SEC 8-K summary
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Issuer:     Loar Holdings Inc. (LOAR)
CIK:        0002000178
Form:       8-K
Filed at:   2024-07-22T23:59:59+00:00
Accession:  0001193125-24-181927
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Loar Holdings to acquire Applied Avionics for $385M cash; expected close by end of 2024
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- Acquisition price $385M cash; Applied Avionics 2024E sales ~$40M, adjusted EBITDA ~$21M.
- Loar expects ~$45M tax benefit, effective purchase multiple ~16x 2024 adjusted EBITDA.
- Over 75% of Applied Avionics sales from aftermarket; brands include VIVISUN and NEXSYS.
- Financing via existing credit facility and cash on hand; subject to HSR and other closing conditions.
- Acquisition expected to close in 2024; Applied Avionics employs 80+ in Fort Worth, TX.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2000178/000119312524181927/0001193125-24-181927-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2000178/000119312524181927/d841700d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-181927

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer