Fairbanks Morse Defense Acquires Hunt Valve Company, Inc.
Marine defense provider expands product, service portfolio with naval valves and actuators
BELOIT, Wis.–(BUSINESS WIRE)–#USNavy—Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and electromechanical actuators. This acquisition expands FMD’s capabilities and service solutions for shipyard, defense, and industrial customers – including its support for and offerings to the U.S. Nuclear Navy.
The transaction includes Hunt Valve, the Hunt Valve Actuator Division, MB Valve (Montreal Bronze) and Pima Valve, LLC.
“Our core customers value quality, reliability and convenience, and the addition of Hunt Valve to the Fairbanks Morse Defense brand allows us to enhance the customer experience by offering a wider range of aftermarket support services through a single vendor,” said FMD CEO George Whittier. “Hunt Valve has a great senior leadership team that has built a strong brand with a solid customer base, and we welcome them to the Fairbanks Morse Defense team.”
With facilities located in Salem, Ohio and Montreal, Quebec, Canada, Hunt Valve is considered an expert at engineering innovative fluid power solutions for its core defense and industrial customers. Through its four brands, Hunt Valve specializes in manufacturing durable and reliable severe-duty valves, complementary engineered components, and system solutions that can withstand the harshest environments and the toughest applications. Its valves and actuators are used aboard surface ships and submarines, including the Virginia-class submarine, Columbia-class submarine, and Ford-class aircraft carriers. Customers include the U.S. Navy, U.S. Navy shipyards, Naval Supply Systems Command (NAVSUP) and Defense Logistics Agency.
“Opportunities to serve the defense industries are increasing with the need to support aging vessels, and that outlook remains strong with the rapid addition of new platforms to various fleets,” said Charles Ferrer, Hunt Valve CEO. “Becoming part of the Fairbanks Morse Defense team places us in a better position to leverage these opportunities and to accelerate our growth.”
In recent years, FMD has expanded its capabilities, inventory, and geographic presence with several key acquisitions to better serve the defense industry. In January 2021, FMD acquired motor and control solutions provider Ward Leonard. FMD also acquired diesel engine repair and rebuilding service provider BRECO International in November 2020.
Houlihan Lokey served as financial advisor to FMD and Arcline.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is a leading provider of mission-critical equipment to military and commercial marine customers. For more than 125 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket service to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard. The company continues supporting the defense industry’s mission-critical operations with high-performance engines manufactured in the USA. OEM parts, expert services, and innovative solutions that improve performance and extend component lifecycles are provided to marine, nuclear, commercial, and export customers. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin. Learn more about FMD by visiting www.fairbanksmorsedefense.com.
About Hunt Valve Company
Hunt Valve brings decades of fluid power engineering innovations and solutions to serve the US Navy, nuclear power, and industrial applications. It specializes in severe duty valves and complementary engineered components and system solutions primarily for U.S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class and Columbia Class. To learn more about the Experts in Extreme Engineering, visit http://www.huntvalve.com.
Contacts
Fairbanks Morse Media Contact:
Mercom Communications
Wendy Prabhu
Tel: 512-215-4452
[email protected]
