On August 25, 2026, Madison Air Solutions Corporation entered into a Securities Purchase Agreement to sell approximately $2.25 billion worth of Class A common stock in a private placement at $24.97 per share. The transaction involves the issuance of 90,108,130 shares to institutional investors and insiders Larry Gies ($300 million) and Madison Solutions LLC ($320 million). Proceeds are designated to fully fund the equity portion of the company's $5 billion acquisition of ebm-papst Mulfingen GmbH & Co. KGaA & Co. KG, expected to close on September 1, 2026. The deal includes registration rights and lock-up agreements for insider shares until one year post-closing. Madison Air Solutions Corporation is an air quality solutions provider serving commercial and residential markets.
