Fairbanks Morse (Arcline Portfolio) Acquires Ward Leonard
January 5, 2021
Fairbanks Morse, a portfolio company of Arcline Investment Management, has acquired Ward Leonard Operating, LLC, a provider of motors and electronic control solutions for military and marine applications. The deal expands Fairbanks Morse's power and propulsion product portfolio and aftermarket service capabilities for core customers including the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard; terms were not disclosed.
- Targets
- Ward Leonard Operating, LLC
- Sellers
- Ward Leonard Operating LLC and related entities
- Platforms
- Fairbanks Morse
- Industry
- Aerospace & Defense
- Location
- Connecticut, United States
- Transaction Type
- Addon
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