Loar Holdings (LOAR) Announces Proposed IPO

April 2, 2024 5:23 PM EDT

Loar Holdings (LOAR) has filed for a proposed IPO.

The company describes itself as: 'We specialize in the design, manufacture, and sale of niche aerospace and defense components that are essential for today’s aircraft and aerospace and defense systems. Our focus on mission-critical, highly engineered solutions with high-intellectual property content resulted in approximately 85% of our 2023 net sales being derived from proprietary products where we believe we hold market-leading positions. Furthermore, our products have significant aftermarket exposure, which has historically generated predictable and recurring revenue. We estimate that 52% of our 2023 net sales were derived from aftermarket products.'

Jefferies and Morgan Stanley will serve as lead underwriters.

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