M&A Quarterly News In The Industrials Sector
By Steve Hauser | Feb 21, 2020The report below gives a good overview of the first quarter M&A activity in the Industrials Sector. M&A activity for North American based target companies in the Industrials sector for Q4 2019 included 125 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions in the sector was announced in December when Arcline Fm Holdings LLC, a portfolio company of Arcline Investment Management acquired Fairbanks Morse Engine from EnPro Industries, Inc. for US$450 million in cash, subject to potential adjustments at closing. Arcline Fm Holdings provides investment services. Fairbanks Morse Engine engages in engine technology and manufacturing. The firm’s products include diesel products, dual fuel products and gas products. The company was founded in 1885 and is headquartered in Beloit, WI.