M&A
confidence high
sentiment positive
materiality 0.95
Madison Air to acquire ebm-papst for $5.4B; deal expected to close by Dec 31, 2026
Madison Air Solutions Corp
- Enterprise purchase price EUR 4,775M ($5.4B); effective price $5.0B after tax savings of EUR 371M.
- ebm-papst expected 2026 revenue ~$2.8B, adjusted EBITDA ~$343M; adds ~$30B to addressable market.
- Deal funded via cash, debt (UniCredit, Wells Fargo) and equity; pro forma net leverage <4.0x, target 2.5x in 2 yrs.
- Expected accretive to adjusted EPS in first full year; $160M annual run-rate synergies by year three.
- Break fee EUR 250M if terminated; closing subject to regulatory approvals, expected by Dec 31, 2026.