Fairbanks Morse Defense to Acquire Truflo Marine from IMI

Expanded valve and actuator design and manufacturing capabilities further expand FMD offerings and global customer base

BELOIT, Wis.--(BUSINESS WIRE)--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has entered into an agreement with IMI plc, to acquire its Birmingham, UK-based Truflo Marine business. This strategic acquisition significantly enhances the company’s valve design, engineering, and manufacturing capabilities and strengthens its ability to support allied naval submarine and surface vessels around the world.

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“Adding Truflo Marine’s advanced valve capabilities to our portfolio will allow us to bring the best solutions to our customers,” said Steve Pykett, CEO of Fairbanks Morse Defense. “Truflo Marine’s suite of highly-engineered products, including their exceptional hull valves, perfectly complements our existing build-to-print capabilities. The result is an unmatched combination to ensure operational readiness of our customers. Truflo Marine’s products have ensured the integrity and survivability of submarines and their crews for decades. We are proud to welcome the Birmingham team to the FMD family as we continue to invest in world-class technology and talent to support navies around the world.”

Truflo is a recognized leader in advanced valve design and control solutions for mission-critical naval systems. Its portfolio includes a robust suite of intellectual property and high-performance valve designs currently in service on more than 34 allied navies worldwide.

The acquisition includes Truflo’s Birmingham UK facility and approximately 270 employees, further increasing FMD’s operational footprint. This expanded engineering and manufacturing base enhances FMD’s capacity to deliver high-performance components that advance fleet readiness.

“This acquisition represents another strategic investment to reinforce our international and domestic capabilities,” Pykett added. “By combining Truflo’s design expertise with FMD’s manufacturing and service network, we are better positioned to deliver integrated valve solutions that meet the evolving needs of today’s allied naval forces.”

This sale is subject to customary closing conditions, including regulatory review and approval.

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 nearly a century, Fairbanks Morse Defense 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.