Fairbanks Morse Defense Acquires Research Tool and Die.
MANews-(C)2009-2022
Wisconsin, US-based defense contractor Fairbanks Morse Defense (FMD) has acquired California marine electrical hardware manufacturer Research Tool and Die (RT and D), to expand portfolio of turnkey solutions, the company said.
Terms of the transaction were not disclosed.
RT and D is a supplier of critical electrical hardware to the United States Navy and Canadian Navy.
The company designs and manufactures its hardware products, including wireways, cable trays, racking systems, and light supports, and sells its products directly to naval shipyards.
PMCF served as financial advisor to FMD.
Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, builds, maintains, and services naval...
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