Written by
Nick Blenkey
Fairbanks Morse Protection (FMD), a portfolio firm of Arcline Funding Administration, has acquired AMMCON Corp., a Jacksonville, Fla., primarily based fittings and assembled elements producer. That is FMD’s eleventh acquisition since starting an enlargement in December 2020 geared toward serving the maritime protection business with turnkey options
“Fairbanks Morse Protection is working to construct absolutely built-in services and products 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. “Working collectively, we’re delivering worth far past the price of our companies and, within the course of, guaranteeing our marine fleets are all the time mission prepared.”
AMMCON offers essential fittings and different merchandise used on the Virginia and Columbia Class submarine packages, in addition to the Ford Class plane provider program. FMD’s acquisition allows AMMCON to increase its merchandise to further platforms and prospects throughout the U.S. Navy, Coast Guard, and Navy Sealift Command.
“Over the previous 50 years, we now have constructed our enterprise as a protection contractor by honing our high quality to pinpoint accuracy to the wants of protection,” mentioned Darrell Develop, AMMCON CEO. “This strategic acquisition convergence with FMD strengthens our capabilities and offers us attain and sources that may permit us to proceed our dedication to excellence.”
