Fairbanks Morse Defense, a provider of quality engines and power services for military vessels and portfolio company of Arcline Investment Management, has purchased Federal Equipment Co. P&M Corporate Finance LLC advised FEC on the deal.

FEC is a supplier of specialized military handling equipment to the U.S. Navy and has grown to offer a suite of engineered services to its clients. The firm designs and manufactures mission-critical components and services to the U.S. military. FEC’s offerings include conveying equipment, munition handling equipment, engineered doors and advanced cargo elevators.

“The partnership with FMD will allow both FMD and FEC to deepen our relationships with our core customers as we increase content on critical military vessels and expand our service network,” added Doug Ridenour, president of FEC. “I am excited to partner with FMD and Arcline as we continue to create innovative solutions for the U.S. Navy and Military.”