Madison Air Agrees to Buy ebm-papst for $5.4 Billion — More Than Double Its April IPO Raise

Madison Air Solutions (NYSE: MAIR) signed a definitive agreement to acquire ebm-papst for $5.4 billion, per an August 17 report. That sum exceeds double the $2.3 billion Madison Air raised in its April 2026 IPO and concurrent private placement — the largest U.S. IPO of the year. The financing structure has not been disclosed.