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Cooper Machinery Services, a portfolio company of Arcline Investment Management, acquired substantially all assets of Wesco Valve & Manufacturing and the product lines of Safety Seal, Inc., adding engine valves and piston rings to its aftermarket portfolio.
Arcline Investment Management entered a definitive agreement to acquire Hydraulics International, a US provider of ground support equipment, mobile test systems and specialized pumps. Customers include aerospace, defense and industrial markets.
Fairbanks Morse Defense's Ohio unit American Fan received multiple purchase orders to supply cooling and ventilation fans for ten Flight III Arleigh Burke destroyers, via shipbuilder Ingalls Shipbuilding. Fans are made in Fairfield, Ohio.
Fairbanks Morse Defense, an Arcline portfolio company, acquired Hunt Valve Company, a maker of naval valves and electromechanical actuators with facilities in Salem, Ohio and Montreal. Financial terms were not disclosed.
Arcline Investment Management proposed a take-private acquisition of Burlington, Massachusetts-based CIRCOR International at $57 per share, above KKR's $51 per share offer. The proposal was announced on June 28, 2023.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
May River Capital announced that its portfolio company Hunt Valve, a supplier of naval flow control valves and electromechanical actuators, has been acquired by Fairbanks Morse Defense, a portfolio company of Arcline Investment Management.
Arcline Investment Management signed a definitive agreement to acquire the Reciprocating Compression division of Baker Hughes, a GE company, which manufactures compression and engine systems in Houston, Texas and Salina, Kansas. The price was not disclosed.
