Press Release
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Jan 18, 2022 10:00 EST

SOUTHFIELD, Mich.,
January 18, 2022 (Newswire.com) –

P&M Corporate Finance, LLC (“PMCF”) is pleased to announce that it served as the exclusive financial advisor to Federal Equipment Company (“FEC” or the “Company”) in its sale to Fairbanks Morse Defense (“FMD”), a portfolio Company of Arcline Investment Management (“Arcline”).

Founded in 1982 as a supplier of specialized military handling equipment to the U.S. Navy, FEC has grown its services organically and through acquisitions to offer a full array of innovative, engineered solutions for its customers’ most difficult engineering challenges. Headquartered in Cincinnati, Ohio, FEC is a global leader in designing and manufacturing mission-critical components and systems for the U.S. Navy and U.S. Coast Guard, including conveying equipment, munition handling equipment, engineered doors…