LOAR News & Events

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.

Loar Holdings announced the completion of its acquisition of LMB Fans & Motors for EUR 367M, plus the assumption of debt, paid in cash at closing. The transaction was completed following clearance under the French foreign direct investment screening procedure by the Ministry of Economy and Finance. Loar expects LMB to generate approximately $60M in revenue and $30M in Adjusted EBITDA for the year ending December 31, 2026.