Arcline Investment Management-backed Fairbanks Morse completed the acquisition of American Fan from Chart Industries for $111m.

Arcline Investment Management-backed Fairbanks Morse, a manufacturer of internal combustion engines, completed the acquisition of American Fan, a fan manufacturer, from Chart Industries, a manufacturer of equipment used in the production, storage, and end-use of hydrocarbon and industrial gases for $111m. “Now more than ever, Fairbanks Morse Defense remains committed to expanding our growing array of OEM equipment to ensure that our fleet is always mission-ready. American Fan has a long track record of delivering high-quality products to the U.S. Navy, and its addition to our portfolio strengthens our ability to meet the continually evolving needs of our military and marine customers,” George Whittier, Fairbanks Morse CEO.