M&A Deal Summary

Fairbanks Morse Defense Acquires Hunt Valve

On September 13, 2021, Fairbanks Morse Defense acquired machinery company Hunt Valve from May River Capital

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

M&A Deal Summary
Date 2021-09-13
Target Hunt Valve
Sector Machinery
Buyer(s) Fairbanks Morse Defense
Sellers(s) May River Capital
Deal Type Add-on Acquisition

Target

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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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 3 of 12
Sector (Machinery) 1 of 2
Type (Add-on Acquisition) 3 of 11
State (Ohio) 1 of 3
Country (United States) 3 of 10
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Ward Leonard CT

Thomaston, Connecticut, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-08 Welin Lambie

Brierley Hill, United Kingdom

Welin Lambie is a designer and manufacturer of davits used specifically for the launch and recovery of all types of craft from ships or shore-based installations. Welin Lambie was founded in 1901 and is based in Brierley Hill, United Kingdom.

Buy -

Seller(S) 1

SELLER

May River Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

May River Capital is a Midwest US-based private equity firm focused primarily on control investments in profitable mid-sized companies located throughout North America. The Firm targets management buyouts, divestitures, recapitalizations, and ownership succession situations. Prospective companies generally have at least $3 million of EBITDA and valued up to $150 million. Sectors of interest include manufacturing, distribution, energy services, industrial, and non-branded consumer goods. May River Capital was founded in 2012 and is based in Chicago.

DEAL STATS #
Overall 5 of 8
Sector (Machinery) 5 of 7
Type (Add-on Acquisition) 2 of 3
State (Ohio) 2 of 3
Country (United States) 5 of 8
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-07 Unibloc

Kennesaw, Georgia, United States

Unibloc provides manufacturers in the food and beverage, pharmaceutical, bakery and confection, meat and poultry, brewery, and transportation industries with precision-engineered sanitary pumps, strainers, valves, bubble traps, and other accessory products to tackle the toughest sanitary jobs. Unibloc was founded in 1984 and is based in Kennesaw, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Automated Handling Solutions

Chicago, Illinois, United States

Automated Handling Solutions (AHS) is a provider of automation solutions, as well as specialized material handling equipment such as enclosed conveyor systems. AHS’ products serve customers in regulated end markets such as food and beverage, pharmaceutical, nutraceutical, specialty chemical, and general industrial processing.

Buy -
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