September 2022 Genz & Associates is pleased to announce the acquisition of Amstep Products by…
January 18, 2022
Genz & Associates (“Genz”) is pleased to announce the acquisition of Maxim Watermakers (Maxim) Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management (Arcline). Maxim is a privately-owned provider of desalination and water treatment technologies for marine defense applications based in Shreveport, LA. The company’s water treatments systems, which provide life-sustaining water for crews during ship deployments, position Maxim as an essential addition for FMD to provide turnkey onboard solutions and global technical support that ensure crews are always mission ready.
Fairbanks Morse Defense (FMD) builds, maintains, and services the most trusted naval power and propulsion systems on the planet. For more than 100 years, FMD has been a principal supplier of a growing array of leading marine technologies, OEM parts, and turnkey services to the U.S. Navy, U.S. Coast Guard, Military Sealift Command, and Canadian Coast Guard.
Arcline and FMD retained Genz & Associates as their buy-side M&A advisor to assist in their acquisition growth strategy. The acquisition of Maxim Watermakers marks the seventh acquisition Genz has closed with Arcline Investment Management and the first with Fairbanks Morse Defense.