Fairbanks Morse Defense

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Fairbanks Morse Defense
PredecessorFairbanks Morse Engine
FoundedJanuary 2020
HeadquartersBeloit, United States
Area served
Worldwide
ProductsActuators, Controller, Components, Cranes, Davit Systems, Electrical Systems Hardware, Engines, Fans & Blowers, Fittings & Assembled Components, Motors, Specialized Weapons & Material Handling, Valves, Water Treatment & Purification

Fairbanks Morse Defense is a North American defense contractor that sells an array of products. Their products include actuators, controllers, components, cranes, davit systems, electrical systems hardware, engines, fans & blowers, fttings & Assembled components, motors, specialized weapons & material handling, valves, and water treatment & purification. The company’s primary customer is the United States Navy, but also supplies products for the United States Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD has 11 manufacturing locations and six service centers located in port cities. Fairbanks Morse Defense is a portfolio company of Arcline Investment Management.

History

Fairbanks Morse Defense, a portfolio company of Arcline Investment Management, was established following the acquisition of Fairbanks Morse Engine from EnPro Industries on January 21, 2020.[1][2] 

For nearly a century before, 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. Fairbanks Morse Defense started with expansion into the defense sector, leveraging the legacy and expertise of its past in engine manufacturing.[3][4][5] The products of Fairbanks Morse were often illustrated and described in Popular Mechanics, Time and other magazines.[6]

In 2021, the company acquired Ward Leonard,[7] Welin Lambie,[8]  and Hunt Valve,[9] thus creating the Fairbanks Morse Defense family of brands. The expansion continued in 2022 with the addition of Federal Equipment Company,[10] Maxim Watermakers,[11] and Research Tool and Die (RT&D).[12]

In October, Fairbanks Morse Defense acquired American Fan,[13] and in 2024, the company purchased Massachusetts-based metalworking supplier Samtan Engineering Corporation.[14]

Fairbanks Morse Defense Acquisitions

Fairbanks Morse Defense currently powers more than 80% of the Navy’s ships with medium-speed engine applications. Fairbanks Morse Defense offers a comprehensive range of services, including OEM parts and engineering services, and is the official service provider for several marine defense brands.

Fairbanks Morse Defense acquisitions include:

  • Hunt Valve is the number one supplier of high-endurance, severe-duty valves and components.[15]
    • Montreal Bronze was acquired along with Hunt Valve and specializes in valve production and components.[16]
  • Ward Leonard is an industry-leading provider of electric motors, generators, controllers, and service technologies.[17]
  • Federal Equipment Company specializes in engineering, manufacturing, and systems integration for the defense industry, and works in marine deck machinery and specialized weapons and material handling systems.[18]
    • Cincinnati Cranes & Hoist was acquired along with Federal Equipment Company and offers complete turnkey crane service from design, engineering, and manufacturing.[19]
    • International Material Handling was acquired along with Federal Equipment Company and offers any material handling service.[20]
    • TKF Conveyors was acquired along with Federal Equipment Company and provides the industry with a comprehensive range of conveyor-based material handling services including initial engineering concepts, final system design, manufacture, and installation.
  • Welin Lambie are designers and manufacturers of davits used specifically for the launch and recovery of all types of ships and shore-based installations.[21]
  • Research Tool and Die (RT&D) are suppliers of mission-critical marine electrical systems' hardware committed to producing innovative designs and manufacturing processes.[22]  
  • Maxim Watermakers provides water treatment and purification technologies specializing in heat recovery evaporators, reverse osmosis watermakers, and full-service engineering, manufacturing, and maintenance services.[23]
  • American Fan manufactures air movement technology with axial fans and blowers for industrial, commercial, and marine/offshore applications.[24][25]
  • Samtan Engineering is a manufacturer of metal-stamped products including cable hangers, wireways hangers, and clamps.[26][27]
  • AMMCON Corporation manufactures fast and precise fittings and assembled components.[28]
  • Fairbanks Morse Services also acquired Globe Turbocharger Specialists, Fluid Filtration Specialist, and Breco International to provide additional parts and Aftermarket services.[29][30][31]

Fairbanks Morse Services

FMD’s portfolio of services include OEM parts, training, upgrades, engineering services, unit exchange program, flushing & filtration, turnkey service & support, and service partnerships. The company is a service provider for Ideal Electric, Buffalo Pumps, Marand, Caley Pryme Group, Massa, and Ferri.[32][33]

Fairbanks Morse Technology

Fairbanks Morse Technology (FMT) provides maritime technologies including Artificial Intelligence (AI), Digital Defenses, SMART Engineering solutions, Uncrewed Mission Management, and FM Onboard. The company is currently the only one in the maritime defense industry utilizing XR technology to assist in service repairs. Fairbanks Morse Defense also has incorporated additive manufacturing technology into its manufacturing, being the first in the maritime industry to utilize this technology in the manufacturing process. The company also has a technology accelerator program (FM Defense Accelerator Program) for startups and small businesses to develop their products and bring them to market. Participants in the program have access to FMD technical experts, a technology team, service network resources, decision-makers, investors, and marketing channels.[34]

Major Award Wins

  • FMD and Hunt Valve awarded to deliver essential valve to Coast Guard Polar Security Cutter ( January 2024)[35]
  • FMD and Welin Lambie awarded to supply Ford Class Carrier Davits (May 2023)[36]
  • Austal USA awards contract to Fairbanks Morse Defense for Cross Company Portfolio of OPC WMSM-919 Equipment ( March 2023)[37]
  • FMD awarded Sole-Source Service Contract for LCS Freedom-Class Vessels (January 2023)[38]
  • FMD to provide engines featuring common rail technology for LPD 32 (October 2022)[39]
  • Fairbanks Morse awarded contract for Navy LPD diesel engines | WorkBoat[40]
  • FMD awarded contracts by Military Sealift Command And U.S. Navy for Maintenance and repair services (August 2021)[41]

External links

References

  1. ^ "EnPro Industries Announces Successful Completion of Fairbanks Morse Sale for $450 Million in Cash". NASDAQ. 21 January 2020.
  2. ^ "Enpro Industries Announces Successful Completion of Fairbanks Morse Sale for $450 Million in Cash". 21 January 2020.
  3. ISBN 978-1-4008-2268-3
    .
  4. ^ Catalogue of Copyright Entries. Jon Orwant.
  5. ^ Wolf, Clint (2021-04-27). "Fairbanks Morse Defense is now name of local company". Beloit Daily News. Retrieved 2024-03-25.
  6. ^ Popular Mechanics. Hearst Magazines. 1951.
  7. ^ Biesecker, Cal (2021-01-06). "Naval Engine Maker Fairbanks Morse Acquires Aftermarket Services Company Ward Leonard". Defense Daily. Retrieved 2024-03-25.
  8. ^ "Fairbanks Morse Defense buys naval supplier Welin Lambie". Janes.com. Retrieved 2024-03-25.
  9. ^ "Hunt Valve Awarded PO to Deliver Essential Valves for Coast Guard Polar Security Cutter". Yahoo Finance. 2024-01-10. Retrieved 2024-03-25.
  10. ^ Victor, Nancy (2022-01-06). "Fairbanks Morse Defense acquires Federal Equipment Company". Naval Technology. Retrieved 2024-03-25.
  11. ^ Team, S. W. M. (2022-01-27). "Fairbanks Morse Defense acquires Maxim Watermakers". Smart Water Magazine. Retrieved 2024-03-25.
  12. ^ Sharma, Soumya (2022-06-03). "Fairbanks Morse Defense acquires California-based Research Tool & Die". Naval Technology. Retrieved 2024-03-25.
  13. ^ Staff, Marine Log (2023-10-30). "Fairbanks Morse Defense acquires American Fan". Marine Log. Retrieved 2024-03-25.
  14. ^ Prevljak, Naida Hakirevic (2024-01-04). "Fairbanks Morse acquires metalworking supplier". Naval Today. Retrieved 2024-03-25.
  15. ^ "Hunt Valve". May River Capital. Retrieved 2024-04-26.
  16. ^ "Fairbanks Morse Defense sees service as engine for growth". www.maritimemagazines.com. Retrieved 2024-04-26.
  17. ^ Blenkey, Nick (2023-03-02). "Ward Leonard introduces Novo1 AC induction motor". Marine Log. Retrieved 2024-04-26.
  18. ^ "Federal Equipment Company has been acquired by Fairbanks Morse Defense, a portfolio company of Arcline Investment Management". The CFI Group. Retrieved 2024-04-26.
  19. ^ Victor, Nancy (2022-01-06). "Fairbanks Morse Defense acquires Federal Equipment Company". Naval Technology. Retrieved 2024-04-26.
  20. ^ Biesecker, Cal (2022-01-06). "Fairbanks Morse Defense Further Expands Services Offerings With New Acquisition". Defense Daily. Retrieved 2024-04-26.
  21. ^ "Fairbanks Morse Defense Acquires Welin Lambie Ltd. - Seapower". seapowermagazine.org. Retrieved 2024-04-26.
  22. ^ Biesecker, Cal (2022-06-02). "Fairbanks Morse Acquires Supplier Of Marine Electrical Hardware". Defense Daily. Retrieved 2024-04-26.
  23. ^ Team, S. W. M. (2022-01-27). "Fairbanks Morse Defense acquires Maxim Watermakers". Smart Water Magazine. Retrieved 2024-04-26.
  24. ^ Staff, Marine Log (2023-10-30). "Fairbanks Morse Defense acquires American Fan". Marine Log. Retrieved 2024-04-26.
  25. ^ Dorbian, Iris (2023-10-30). "Arcline-backed Fairbanks Morse Defense acquires tech company American Fan". PE Hub. Retrieved 2024-04-26.
  26. ^ Biesecker, Cal (2024-01-08). "Fairbanks Morse Acquires Metalworking Company Samtan Engineering". Defense Daily. Retrieved 2024-04-26.
  27. ^ "Fairbanks Morse Defense Acquires Samtan Engineering Corporation". Yahoo Finance. 2024-01-08. Retrieved 2024-04-26.
  28. ^ Biesecker, Cal (2024-03-26). "Fairbanks Morse Defense Acquires Fittings Manufacturer Supporting Navy". Defense Daily. Retrieved 2024-04-26.
  29. ^ "Fairbanks Morse Defense Acquires Breco International | Mergr M&A Deal Summary". mergr.com. Retrieved 2024-04-26.
  30. ^ Morse, Fairbanks. "Fairbanks Morse Defense Acquires Fluid Filtration Specialists LLC". www.fairbanksmorsedefense.com. Retrieved 2024-04-26.
  31. ^ "Fairbanks Morse Signs Asset Agreement with Globe Turbocharger Specialties, Inc". www.businesswire.com. 2020-10-05. Retrieved 2024-04-26.
  32. ^ Seal, Dean. "KKR Assails Private-Equity Firm's Competing Bid for Circor". WSJ. Retrieved 2024-04-26.
  33. ^ Brook-Jones, Callum (2023-08-11). "Oak Ridge National Laboratory and Fairbanks Morse Defense to co-develop alternative fuel technology". Electric Hybrid Marine Technology. Retrieved 2024-04-26.
  34. ^ "Arcline Makes Bid for Circor, Upending $1.7 Billion KKR Deal". Bloomberg.com. 2023-06-28. Retrieved 2024-04-26.
  35. ^ "Hunt Valve to Equip USCG Polar Security Cutter". MarineLink. 2024-01-10. Retrieved 2024-04-26.
  36. ^ Bahtić, Fatima (2022-04-08). "FMD lands contract to supply parts for US Navy's Ford-class aircraft carriers". Naval Today. Retrieved 2024-04-26.
  37. ^ Manuel, Rojoef (2023-03-22). "Austal Taps Fairbanks Morse Defense to Equip Future USCG Pickering". The Defense Post. Retrieved 2024-04-26.
  38. ^ "Fairbanks Morse wins contract to support diesel engines of Freedom class LCS". Navy Naval News Navy Recognition. 2023-01-27. Retrieved 2024-04-26.
  39. ^ "Fairbanks Morse awarded contract for Navy LPD diesel engines". www.workboat.com. Retrieved 2024-04-26.
  40. ^ "Fairbanks Morse Defense Awarded Sole-Source Service Contract for LCS Freedom-Class Vessels". www.businesswire.com. 2023-01-24. Retrieved 2024-04-26.
  41. ^ "Fairbanks Morse Defense Awarded Sole-Source Service Contract for LCS Freedom-Class Vessels". www.businesswire.com. 2023-01-24. Retrieved 2024-04-26.
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