Arcline Investment Management to acquire Fairbanks Morse for $450M

Arcline Investment Management has signed a definitive agreement to acquire Fairbanks Morse, an EnPro Industries company, for $450 million. Fairbanks Morse manufactures heavy-duty engines for marine and power generation applications.

“Arcline Investment Management today announced that it has signed a definitive agreement to acquire Fairbanks Morse for $450 million.”prnewswire.com

• 2 sources
• prnewswire.comArcline Investment Management to Acquire Fairbanks Morse, an EnPro Industries CompanyArcline Investment ManagementDec 12, 2019
• beloitdailynews.comFairbanks Morse sold to private firm | News | beloitdailynews.comErica PenningtonDec 27, 2019

Summarized from public sources; check the original articles before acting on it.