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Arcline to acquire EnPro Industries' Fairbanks Morse for $450M

Private equity firm Arcline Investment Management LP agreed to acquire Wisconsin-based engines and power generation systems manufacturer Fairbanks Morse Engine, an EnPro Industries Inc. company, for $450 million.

Further financial details of the deal were not disclosed.

Harris Williams and Moelis & Co. LLC acted as financial advisers to Arcline on the transaction.