M&A
confidence high
sentiment positive
materiality 0.90
Madison Air raises $2.25B private placement to fund $5B ebm-papst acquisition
Madison Air Solutions Corp
- Private placement of 90,108,130 shares at $24.97/share raises ~$2.25B gross; closes Sept 1, 2026.
- Larry Gies (Chairman) buys $300M; Madison Solutions $320M; proceeds fund equity portion of $5.0B ebm-papst acquisition.
- Pro forma net leverage ~3.7x at closing; targeting <2.5x within 2 years; acquisition expected to close around year-end, accretive to EPS.
- Lock-up for Gies and Madison Solutions for one year; resale registration statement to be filed within 90-120 days.