# 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.

- Type: Acquisition
- Announced: 2019-12-12
- Where: Beloit, Wisconsin, United States
- Value: $450.0M
- Status: announced
- Products: heavy-duty medium-speed reciprocating engines, aftermarket parts and services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [EnPro Industries](https://endata.com/companies/6239.md)
- [Arcline Investment Management](https://endata.com/companies/5302.md) (acquirer)
- [EnPro Industries](https://endata.com/companies/6239.md) (partner)
- [Fairbanks Morse](https://endata.com/companies/28645.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/arcline-investment-management-to-acquire-fairbanks-morse-an-enpro-industries-company-300974381.html), 2019-12-12: "Arcline Investment Management today announced that it has signed a definitive agreement to acquire Fairbanks Morse for $450 million."
- [beloitdailynews.com](https://www.beloitdailynews.com/statelinebusiness/news/fairbanks-morse-sold-to-private-firm/article_fa78f545-f664-5445-a2c1-a4f74bce425a.html), 2019-12-27: "EnPro Industries Inc., owner of Fairbanks Morse, announced Thursday it has entered a definitive agreement to sell the ship engine maker to Arcline for $450 million."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.