Beloit, Wis.-based Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Cincinnati, Ohio-based Federal Equipment Company (FEC). The transaction includes both FEC Military and FEC’s commercial business. FEC
Stamford, Conn.-headquartered Eagle Bulk Shipping Inc. has named Costa Tsoutsoplides as chief strategy officer. In this newly created role, he will have broad responsibilities in developing Eagle’s corporate strategy as well as
Mobile satellite communications giant Inmarsat is set to be acquired by Carlsbad, Calif., based Viasat Inc., (NASDAQ: VSAT) under a definitive agreement announced today. The news comes two years after U.K.-based Inmarsat
EQT Infrastructure is to sell one of the largest terminals in the Port of Los Angeles—Fenix Marine Services (FMS)—to CMA CGM for an enterprise value of $2.3 billion. Under EQT Infrastructure’s ownership
New York City headquartered investment firm Stonepeak is to add TK LNG Partners (NYSE: TGP) to its $39 billion portfolio of infrastructure and real assets under management. A merger agreement announced today
Continuing on the acquisition trail, Beloit, Wis. headquartered Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and
Huntington Ingalls Industries (NYSE:HII) reports that it has completed its acquisition of McClean, Va., based Alion Science and Technology, from Veritas Capital. Alion provides advanced engineering and R&D services in the areas
Jones Act tanker and ATB operator Overseas Shipholding Group, Inc. (NYSE: OSG), said today that, “following receipt by the company of a non-binding indication of interest to acquire all of the issued
One of America’s best known Great Lakes shipbuilders has come under new ownership. Superior, Wis.-based Fraser Industries LLC has been acquired by Infrastructure Acquisition Partners LLC, a joint venture between Norway’s Cleaves
A Singapore maritime mega merger that has been the subject of speculation for years looks like it’s finally going to happen. Keppel Corporation Limited and Sembcorp Marine Ltd have entered today into