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Fairbanks Morse Defense Acquires Federal Equipment Company.

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MANews-(C)2009-2022

Wisconsin, US-based defense contractor Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, has acquired US-based Federal Equipment Company, the company said.

Fairbanks Morse Defense said the acquisition significantly expands its product capabilities and service solutions for shipyard, defense, and industrial customers with emphasis on its support for and offerings to the US Nuclear Navy.

The transaction includes FEC Military, a specialist in designing and manufacturing components and systems for the US Navy and US Coast Guard, including its advanced cargo elevators, engineered doors and specialized material handling equipment.

The transaction also includes FEC's commercial business, which delivers handling solutions to manufacturing customers outside the defense market.

The FEC acquisition adds extensive capabilities to FMD, solidifying Fairbanks Morse Defense's position as an integrated defense contractor and turnkey solutions provider to the US Navy and US Coast Guard.

In recent years, FMD has completed multiple acquisitions to better serve defense customers, including its acquisitions of Hunt Valve company, Ward Leonard, and Welin Lambie.

Founded in Ohio in 1982, FEC...

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