Fairbanks Morse Defense Expands Product Portfolio With American Fan Acquisition
Defense contractor adds axial and centrifugal fan design, manufacturing, and servicing to its portfolio, expanding turnkey marine solutions
BELOIT, Wis.–(BUSINESS WIRE)–#FMD—Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has acquired American Fan, a leader in axial and centrifugal fan technology. Located in Fairfield, Ohio, American Fan’s breakthroughs in aerodynamics, acoustics, vibration control, and motor performance over the past 50 years position the company as a trusted maritime defense supplier and an essential addition for FMD to provide the OEM parts and turnkey service solutions to their core customers.
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“Now more than ever, Fairbanks Morse Defense remains committed to expanding our growing array of OEM equipment to ensure that our fleet is always mission-ready,” said George Whittier, FMD CEO. “American Fan has a long track record of delivering high-quality products to the U.S. Navy, and its addition to our portfolio strengthens our ability to meet the continually evolving needs of our military and marine customers.”
American Fan’s products and services are currently specified in 30 U.S. Navy shipbuilding programs, including LCS, LPD, LHA, DDG, FFG, and more. They are utilized in a broad range of onboard air-moving applications, from compartment ventilation to gas turbine air supply.
“American Fan and Fairbanks Morse Defense customers rely on us to deliver quality, speed, and expertise, and we have a shared commitment to exceeding these expectations for every customer engagement,” said American Fan General Manager Paul Brown. “As part of the FMD brand family, we are excited to expand our customer service through FMD’s six service centers, its network of highly trained field service technicians, and its global channel partners.”
The acquisition of American Fan continues to solidify Fairbanks Morse Defense’s position as an integrated defense contractor and turnkey solutions provider to the U.S. Navy, Military Sealift Command, and U.S. Coast Guard. In recent years, FMD has completed multiple acquisitions to better serve defense customers, including Federal Equipment Company (FEC), Hunt Valve, Maxim Watermakers, Research Tool & Die (RT&D), Ward Leonard, and Welin Lambie.
BofA Securities served as financial advisor to Arcline in connection with the transaction.
About Fairbanks Morse Defense (FMD)
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For nearly a century, Fairbanks Morse Defense has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.
To learn more, visit www.FairbanksMorseDefense.com.
About American Fan Company
American Fan Company is the leading manufacturer of high-quality industrial fans and blowers that set the standard within the industry. American Fan Company supplies axial fans, centrifugal fans, and blowers for a wide range of industries, including marine, industrial manufacturing, and building and construction.
To learn more, visit https://www.fairbanksmorsedefense.com/solutions/fans.
Contacts
Fairbanks Morse Media Contact:
Mercom Communications
Michelle Hargis
Tel: 512-215-4452
fairbanksmorse@mercomcapital.com
