Fairbanks Morse Defense (FMD), a portfolio firm of Arcline Investment Management (Arcline), has acquired AMMCON Corp., a Jacksonville- based mostly fittings and assembled elements producer.
The protection contractor’s acquisition continues its growth and dedication to offering essential elements to the U.S. Navy and different marine protection clients.
“Fairbanks Morse Defense is working to construct totally built-in services that may meet each want of maritime protection, and to perform this, we should proceed to establish cutting-edge suppliers who share our dedication to serving as a protection contractor of the primary rank,” mentioned George Whittier, FMD CEO.
AMMCON supplies essential fittings and different merchandise used on the Virginia and Columbia Class submarine applications, in addition to the Ford Class plane service program. This is FMD’s eleventh acquisition since starting its growth in December 2020.