Larry Gies

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Madison Air raises $2.25B in private placement for ebm-papst acquisition

As of August 2026: Committed $300 million to the private placement; affiliate added $320 million

Madison Air is selling $2.25 billion of its own stock, priced at $24.97 a share, to fund its $5 billion purchase of German fan-maker ebm-papst. Chairman Larry Gies and his affiliate are buying $620 million of the offering themselves.

Updated Aug 26