Arcline Investment Management’s portfolio company Fairbanks Morse Defence (FMD) has acquired Research Tool & Die (RT&D) for an undisclosed amount.
The latest transaction is a crucial addition to FMD’s ongoing mission to maintain, build and service the naval power and propulsion systems.
FMD CEO George Whittier said: “Over the last few years, FMD has broadened the scope of our product offerings to our valued customers through the acquisition of best-in-class marine manufacturers like Research Tool & Die.
“The global mission to defend our nation’s freedom is non-stop and requires a service partner who is up to the task, and RT&D puts FMD in an even better position to meet the needs of our customers while we support the mission of our military and marine partners.”
RT&D is a California-based marine electrical-systems hardware manufacturing firm that supplies critical electrical hardware to the Canadian Navy and the US Navy.
The firm specialises in manufacturing and designing various hardware products including cable trays, wireways, racking systems and light supports, which are sold to the naval shipyards.
The company operates from its two manufacturing units on its campus in Carson, California.
RT&D president Kevin Perrault said: “FMD has a prestigious reputation as a top-of-the-line defence contractor for clients that RT&D also serves.
“Our companies are forward-thinking and well-positioned to provide top-tier parts and services to our customers.”
Furthermore, the acquisition of RT&D expands FMD’s portfolio of turnkey solutions to boost its capabilities.
Recently, FMD added other manufacturing companies and service providers to its brand family including Federal Equipment Company (FEC), Hunt Valve Company, Welin Lambie, Maxim Watermakers and Ward Leonard.
PMCF was the financial advisor to FMD for the latest transaction.