Loar Holdings Inc. Announces the Acquisition of Harper Engineering Company
Loar Holdings (NYSE:LOAR) completed the acquisition of Harper Engineering on January 22, 2026, for $250 million cash.
Rhea-AI Summary
Loar Holdings (NYSE:LOAR) completed the acquisition of Harper Engineering on January 22, 2026, for $250 million cash. Harper, founded in 1968, manufactures mechanically engineered devices for aircraft interiors and employs approximately 85 people across two Seattle-area facilities.
The business holds proprietary latching and securing mechanisms with established line-fit positions on several in-production commercial aircraft, and Loar expects Harper to benefit from near-term commercial build-rate growth. The transaction was financed with additional borrowings under Loar's existing credit agreement and cash on hand. Loar also expects approximately $30 million of tax benefits from the deal.
Positive
- Acquisition value of $250 million completed
- Tax benefit expected of approximately $30 million
- Established line-fit positions on several in-production aircraft
Negative
- Deal financed with additional borrowings under existing credit agreement
- Integration of ~85 employees and two facilities required
Details
News Market Reaction – LOAR
On Jan 22, the day this news came out, LOAR closed 0.49% below the previous close.
Data tracked by StockTitan Argus for the Jan 22 session.
Key Figures
- Purchase price
- $250 million
- Cash consideration for Harper Engineering acquisition
- Tax benefits
- $30 million
- Expected tax benefits from Harper transaction
- Employee count
- approximately 85 team members
- Harper Engineering workforce
- Facilities
- 2 facilities
- Harper Engineering sites in Seattle area
Historical Context
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Closed LMB Fans & Motors acquisition with defined 2026 revenue and EBITDA impact.
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Record Q3 2025 results and raised 2025 and 2026 outlook guidance.
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Announcement of date and time for Q3 2025 earnings conference call.
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Appointment of Jeremy Halford as Executive Vice President over key units.
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Record Q2 2025 results, guidance raise, and acquisition of Beadlight Ltd.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WHITE PLAINS, NEW YORK / ACCESS Newswire / January 22, 2026 / Loar Holdings Inc. (NYSE:LOAR) ("Loar") announced today that it has completed the acquisition of Harper Engineering Company ("Harper") for cash consideration of
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.
"Harper maintains well-established line-fit positions on several leading in-production aircraft, positioning the business to benefit from near-term growth in commercial build rates," said Dirkson Charles, Chief Executive Officer and Co-Chairman of the Board for Loar. "The combination of our operational and engineering capabilities will support Harper's continued success in delivering tailored solutions for customers while expanding Harper's aftermarket presence."
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
About Loar Holdings Inc.
Loar Holdings Inc. is a diversified manufacturer and supplier of niche aerospace and defense components that are essential for today's aircraft and aerospace and defense systems. Loar has established relationships across leading aerospace and defense original equipment manufacturers and Tier Ones worldwide.
Forward Looking Statements
This press release includes express or implied forward-looking statements. Forward-looking statements include all statements that are not historical facts, including those that reflect our current views with respect to, among other things, our operations and financial performance. The words "anticipate," "assume," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "future," "will," "seek," "foreseeable," the negative version of these words or similar terms and phrases may identify forward-looking statements in this press release, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on management's current expectations and are not guarantees of future performance. Our expectations and beliefs are expressed in management's good faith, and we believe there is a reasonable basis for them, however, the forward-looking statements are subject to various known and unknown risks, uncertainties, assumptions, or changes in circumstances that are difficult to predict or quantify. Actual results may differ materially from these expectations due to changes in global, regional, or local economic, business, competitive, market, regulatory, and other factors, many of which are beyond our control. We believe that these factors include but are not limited to the following: the almost exclusive focus of our business on the aerospace and defense industry; our heavy reliance on certain customers for a significant portion of our sales; our ability to effectively integrate the Harper Engineering Company acquisition; the fact that we have in the past consummated acquisitions and our intention to continue to pursue acquisitions, and that our business may be adversely affected if we cannot consummate acquisitions on satisfactory terms, or if we cannot effectively integrate acquired operations; and the other risks and uncertainties described in Part I, Item 1A of the Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on March 31, 2025, and other periodic reports filed by the Company from time to time with the SEC.
These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, our actual results may vary in material respects from those projected in the forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We may not actually achieve the plans, intentions or expectations disclosed in our forward-looking statements and you should not place undue reliance on our forward-looking statements. Our forward-looking statements do not reflect the potential impact of any future acquisitions, mergers, dispositions, joint ventures, investments, or other strategic transactions we may make. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable law.
Contact
Ian McKillop
Loar Holdings Investor Relations
IR@loargroup.com
SOURCE: Loar Group Inc.
View the original press release on ACCESS Newswire
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