Robinson Bradshaw Represents EnPro in $450 Million DivestiturePDF
Robinson Bradshaw served as legal counsel to EnPro Industries in the sale of its Fairbanks Morse division to an affiliate of Arcline Investment Management for $450 million in cash, subject to closing date purchase price adjustments. Fairbanks Morse develops and manufactures heavy-duty, medium-speed reciprocating engines used primarily in marine and power generation applications and is the principal supplier of diesel engines to the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard. EnPro is a niche provider of precision components, solutions and services with a well-diversified customer base. The transaction closed Jan. 21, 2020.
Robinson Bradshaw attorneys Kelly Loving, Scott Dove, Brian Litwak and Charles Bowyer represented EnPro in the transaction.