Eversheds Sutherland has advised Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, on its acquisition of Truflo Marine from IMI plc. Truflo Marine specialises in advanced valve design and control solutions for mission-critical naval systems.
The acquisition is intended to enhance FMD’s valve design, engineering and manufacturing capabilities, strengthening its ability to support allied naval submarine and surface vessels worldwide. The transaction remains subject to customary completion conditions, including regulatory review and approval.
The Eversheds Sutherland advisory team for FMD was led by partners Lizzy Tindall and Alistair Cree, with support from partners Rachel Cooper and Colin Askew, principal associate Hannah Kaye and associate Sali Akhtar.
Lizzy Tindall, partner at Eversheds Sutherland, said: “We are delighted to have supported Fairbanks Morse Defense on this strategic acquisition. We are proud of our experience and expertise in the defence sector and are delighted that this has enabled us to once again support FMD.”
Steve Pykett, chief executive of Fairbanks Morse Defense, added: “This acquisition represents another strategic investment to reinforce FMD’s international and domestic capabilities and we’re pleased to have had Eversheds Sutherland by our side.”
