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Aerospace components manufacturer Loar Holdings files for a $100 million IPO

April 2, 2024

Loar Holdings, which makes niche aerospace and defense components, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering.

Loar specializes in the design, manufacture, and sale of niche aerospace and defense components for aircraft and aerospace and defense systems. Its products span a diverse range of applications supporting nearly every major aircraft platform in use today and include auto throttles, temperature and fluid sensors and switches, and RAM air components, among others. The company primarily serves three core end markets: commercial, business jet and general aviation, and defense.

The White Plains, NY-based company was founded in 2012 and booked $317 million in revenue for the 12 months ended December 31, 2023. It plans to list on the NYSE under the symbol LOAR. Loar Holdings filed confidentially on December 15, 2023. Jefferies, Morgan Stanley, Moelis & Company, Citi, and RBC Capital Markets are the joint bookrunners on the deal. No pricing terms were disclosed.