Loar Holdings Acquires Harper Engineering for $250 Million
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Loar Holdings Inc. has acquired Harper Engineering Company for $250 million in cash. Harper Engineering, established in 1968, specializes in manufacturing mechanically engineered devices for aircraft interiors. The acquisition was financed through borrowings under Loar’s credit agreement and cash reserves, with expected tax benefits of approximately $30 million. The company operates two facilities in Seattle and employs around 85 people.
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