M&A Deal Summary

Fairbanks Morse Defense Acquires Ward Leonard CT

On January 5, 2021, Fairbanks Morse Defense acquired electrical equipment company Ward Leonard CT

Acquisition Highlights
  • This is Fairbanks Morse Defense’s 1st transaction in the Electrical Equipment sector.
  • This is Fairbanks Morse Defense’s 2nd transaction in the United States.
  • This is Fairbanks Morse Defense’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-01-05
Target Ward Leonard CT
Sector Electrical Equipment
Buyer(s) Fairbanks Morse Defense
Deal Type Add-on Acquisition

Target

Ward Leonard CT

Thomaston, Connecticut, United States
website
Ward Leonard CT LLC is a provider of motor, generator, control, and MRO (maintenance, repair and overhaul) solutions to a diverse range of Energy, Heavy Industry and Government customers worldwide. Ward Leonard CT was founded in 1892 and is based in Thomaston, Connecticut.

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Buyer(S) 1

Buyer

Fairbanks Morse Defense

Beloit, Wisconsin, United States

website

Category Company
Founded 1871
Sector Machinery
DESCRIPTION

Fairbanks Morse Defense develops and manufactures heavy-duty, medium-speed reciprocating engines under the Fairbanks Morse and ALCO brand names, which are used primarily in marine and power generation applications. Fairbanks Morse Defense was founded in 1871 and is based in Beloit, Wisconsin.

DEAL STATS #
Overall 2 of 11
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 2 of 11
State (Connecticut) 1 of 1
Country (United States) 2 of 10
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-02 Breco International

Houston, Texas, United States

Breco International is a diesel engine parts and service company specializing in the ALCO brand. The company will continue to supply ALCO parts under the Breco name out of its Houston location, which includes a machine and engine rebuild shop. Breco International was formed in 2001 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-13 Hunt Valve

Salem, Ohio, United States

Hunt Valve specializes in severe-duty valves and complementary engineered components and system solutions for applications that include primary metals (steel, aluminum), energy (nuclear, hydro, downstream oil & gas), process (chemical), and U. S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class, and Columbia Class. Hunt Valve was founded in 1919 and is based in Salem, Ohio.

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