Loar Holdings (NYSE:LOAR) said it has completed the acquisition of LMB Fans & Motors for €367 million in cash, plus the assumption of debt, closing the transaction on Dec. 26 after receiving regulatory clearance in France.
The deal adds a more than 60-year-old manufacturer of customized, high-performance fans and brushless motors to Loar’s portfolio, strengthening its position across aerospace, defense, original equipment manufacturing and aftermarket segments.
LMB, headquartered in Malemort-sur-Corrèze, France, employs more than 75 people and generates nearly all of its revenue from proprietary designs, with a catalog exceeding 2,000 products.
Loar said the transaction cleared the French foreign direct investment screening process overseen by the French Ministry of Economy and Finance, allowing the acquisition to close as planned.
The company expects LMB to contribute approximately $60 million in revenue and $30 million in adjusted EBITDA for the year ending Dec. 31, 2026.
While the all-cash consideration reduces near-term liquidity and includes assumed debt, management said the acquisition aligns with its strategy of building a portfolio of niche, high-value components with strong margins and long product lifecycles.