M&A Deal Summary

Fairbanks Morse Defense Acquires American Fan

On October 30, 2023, Fairbanks Morse Defense acquired electronics company American Fan

Acquisition Highlights
  • This is Fairbanks Morse Defense’s 1st transaction in the Electronics sector.
  • This is Fairbanks Morse Defense’s 8th transaction in the United States.
  • This is Fairbanks Morse Defense’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2023-10-30
Target American Fan
Sector Electronics
Buyer(s) Fairbanks Morse Defense
Deal Type Add-on Acquisition

Target

American Fan

Fairfield, Ohio, United States
American Fan is a manufacturer of industrial fans and blowers that set the standard within the industry. It supplies axial fans, centrifugal fans, and blowers for a wide range of industries, including marine, industrial manufacturing, and building and construction. American Fan is based in Fairfield, Ohio.

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Buyer(S) 1

Buyer

Fairbanks Morse Defense

Beloit, Wisconsin, United States
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 9 of 12
Sector (Electronics) 1 of 1
Type (Add-on Acquisition) 9 of 11
State (Ohio) 3 of 3
Country (United States) 8 of 10
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-02 RT&D

Carson, California, United States

RT&D is a manufacturer of marine electrical-systems hardware. It designs and manufactures its hardware products, including wireways, cable trays, racking systems, and light supports, and sells its products directly to naval shipyards. RT&D was founded in 1944 and is based in Carson, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Samtan Engineering

Malden, Massachusetts, United States

Samtan Engineering is a single-source metalworking supplier with services such as shearing, punching, forming, machining, welding, and assembly capabilities. Samtan’s components, which can be produced as a single piece or hundreds of thousands of pieces, including metal stamping and deep drawings, marine banded cable hangers, marine tapped cable hangers, marine main wireway hangers, and marine pipe clamps and hangers. Samtan Engineering was founded in 1962 and is based in Malden, Massachusetts.

Buy -
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