MarketPR
The $5.8 billion all-cash acquisition of Germany's ebm-papst is in focus for Madison Air Solutions (NYSE: MAIR), with the deal signed and closing expected around year-end pending customary conditions.
The transaction includes roughly $375 million of non-interest-bearing operating liabilities that Madison Air negotiated as a purchase-price reduction, placing the effective enterprise purchase price at $5.4 billion, or approximately $5 billion after expected future tax savings.
Regulatory clearance is the next confirmable milestone. The numbers ebm-papst is expected to generate approximately $2.8 billion in revenue and $343 million in adjusted EBITDA during 2026, per Madison Air's projections.
At the effective $5 billion enterprise price, the company said the multiple equates to 14.6 times forecast 2026 EBITDA, or approximately 10 times when projected cost savings are included.
Keep reading