M&A Deal Summary

Fairbanks Morse Defense Acquires Samtan Engineering

On January 8, 2024, Fairbanks Morse Defense acquired manufacturer Samtan Engineering

Acquisition Highlights
  • This is Fairbanks Morse Defense’s 3rd transaction in the Manufacturing sector.
  • This is Fairbanks Morse Defense’s 9th transaction in the United States.
  • This is Fairbanks Morse Defense’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2024-01-08
Target Samtan Engineering
Sector Manufacturing
Buyer(s) Fairbanks Morse Defense
Deal Type Add-on Acquisition

Target

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.

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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 10 of 12
Sector (Manufacturing) 3 of 4
Type (Add-on Acquisition) 10 of 11
State (Massachusetts) 1 of 1
Country (United States) 9 of 10
Year (2024) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-26 AMMCON

Jacksonville, United States

AMMCON is a fittings and assembled components manufacturer for marine customers.

Buy -
Mergr

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