Madison Air Announces $2.25 Billion Private Placement to Fund ebm-papst Acquisition

07:32 AM EDT, 08/25/2026 (MT Newswires) -- Madison Air Solutions (MAIR) said Tuesday it agreed to sell 90.1 million shares of Class A common stock for $24.97 per share in a private placement expected to raise approximately $2.25 billion. The financing will fully fund the equity portion of Madison Air's previously announced $5 billion acquisition of ebm-papst Mulfingen and related entities, it said. Chairman Larry Gies will purchase $300 million of shares, while Madison Solutions, an affiliated entity, will purchase $320 million, it added. Madison Air said it plans to fund the remaining acquisition consideration with approximately $2.8 billion of debt and cash. The private placement is expected to close around Sept. 1, the company added, subject to customary conditions.