BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline), has finalized an agreement with The Ideal Electric Company (IDEAL), an American manufacturer of high-power, specialty electric motors, generators, and related equipment, to serve as IDEAL’s exclusive naval field service provider. FMD will provide maintenance and global field services for IDEAL’s motors and generators that are already installed or will be installed on naval ships worldwide.
“Fairbanks Morse Defense is constantly seeking new opportunities to expand the range of turnkey services that we can offer our marine defense customers and teaming up with The Ideal Electric Company to service their motors and generators while we’re already on board servicing our engines and other equipment makes this a great value add for the Navy,” said Jamie McMullin, President of FMD Services.
The agreement reinforces FMD’s ability to build, maintain, and service naval power and propulsion systems worldwide through six strategically located domestic centers and resources deployed globally.
“Fairbanks Morse Defense’s extensive field service network and focus on supporting naval customers coupled with The Ideal Electric Company’s legacy of rotating electric expertise and American-made product range is a perfect match for us. We are excited to leverage this in-place capability and provide unparalleled support to our customers when and where they need it,” said Nic Phillips, Vice President of IDEAL. “We see this as a great fit with two American manufacturers coming together, strengthening the domestic defense industrial base, and we feel confident that our customers will be well-served by FMD.”
For more than 100 years, FMD has provided products and services to the Navy. Today, the defense contractor powers more than 80% of the Navy’s ships with medium-speed applications. Similarly, Ideal Electric, a 119-year-old company, has installed generators that are connected to FMD’s backup power engines on many Navy ship classes.
In recent years, FMD has expanded its array of best-in-class marine technologies, OEM parts and turnkey services through expansion and the acquisitions of companies that include Federal Equipment Company (FEC), Hunt Valve, Maxim Watermakers, Research Tool & Die (RT&D), Ward Leonard, and Welin Lambie.
About Fairbanks Morse Defense (FMD)
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard. FMD stands ready to rapidly support the systems that power military fleets without compromising safety or quality. In times of peace and war, the experienced engineers, sailors, and technicians of FMD demonstrate our commitment to supporting the mission and vision of critical global naval operations wherever and whenever needed. FMD is a portfolio company of Arcline Investment Management.
To learn more, visit www.FairbanksMorseDefense.com.
About The Ideal Electric Company
Founded in 1903, The Ideal Electric Company of Mansfield, Ohio, is a globally established, pioneering American manufacturer of electric motors and generators, converters, condensers, switchgear and control systems for all applications—including industrial, oil, gas and petrochemical, water and infrastructure, pulp and paper, air handling, marine, mining, power generation, and renewable energy. The company is headquartered in Houston, Texas and has more than 400,000 square feet of vertically integrated manufacturing for machines up to 50,000 horsepower.
For more information, visit www.theidealelectric.com.