Madison Air agrees to buy ebm-papst for $5.4 billion
MAIR•Valuation, financial outlook and timing
The deal values ebm-papst at 14.6x forecast 2026 adjusted EBITDA, or 10x including expected annual run-rate synergies.
The target is forecast to generate about $2.8 billion in 2026 revenue, about $343 million in adjusted EBITDA, and an adjusted EBITDA margin of 12%.
Closing is targeted around year-end. Madison Air expects pro forma net leverage below 4x at closing, with a target of about 2.5x within two years.
Madison Air reaches definitive agreement to acquire ebm-papst
Madison Air Solutions entered a definitive agreement to buy ebm-papst for an enterprise purchase price of $5.4 billion.
The effective enterprise purchase price is set at $5 billion, reflecting expected future tax savings tied to intangible amortization.
