Loar Holdings Acquires Harper Engineering for $250M
Loar Holdings completed the acquisition of Harper Engineering Company for cash consideration of $250M. Founded in 1968 by O.J. Harper, Harper Engineering is a leading manufacturer of mechanically engineered devices for aircraft interiors. The company holds a proprietary portfolio of latching and securing mechanisms used across multiple leading commercial aerospace platforms. Known for exceptional quality and on-time delivery, Harper consistently earns top recognition from its original equipment and aftermarket customers. The company employs approximately eighty-five team members across two facilities in the Seattle, Washington area. The acquisition was financed through additional borrowings under Loar's existing credit agreement and cash on hand. Loar also expects to receive tax benefits of approximately $30M as a result of the transaction.
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Loar Holdings (LOAR) Completes $250M Acquisition of Harper Engineering to Expand Aerospace Market Presence
- Acquisition Completed: Loar Holdings has finalized its cash acquisition of Harper Engineering for $250 million, which will enhance its competitive position in the aerospace market.
- Technology Integration Plan: Harper Engineering specializes in manufacturing proprietary latching and securing mechanisms for aircraft interiors, and Loar plans to leverage its operational and engineering capabilities to expand Harper's aftermarket presence.
- Financing Structure: The acquisition was financed through additional borrowings under Loar's existing credit agreement and cash on hand, demonstrating the company's flexibility in capital management.
- Tax Benefit Expectations: Loar anticipates realizing approximately $30 million in tax benefits from the transaction, further strengthening its financial position and capacity for future investments.

Loar Holdings Acquires LMB Fans & Motors for €367 Million
- Acquisition Completed: Loar Holdings has finalized its acquisition of LMB Fans & Motors for €367 million, paid in cash and including debt assumption, marking a significant expansion in the aerospace and defense sectors.
- Revenue Expectations: LMB is projected to generate approximately $60 million in revenue and $30 million in Adjusted EBITDA for the year ending December 31, 2026, indicating strong market potential and profitability.
- Industry Leadership: With over 60 years of experience, LMB offers more than 2,000 customized products, with nearly all revenue derived from proprietary designs, further solidifying Loar's leadership in the high-performance fans and motors market.
- Strategic Synergy: Loar CEO Dirkson Charles stated that LMB's culture of innovation combined with Loar's resources will drive shared growth, enhancing competitiveness in both original equipment and aftermarket sectors.






