Key Takeaways
- • Wildcat Defense, a new business of private equity firm Wildcat Equity Partners, has agreed to acquire Wisconsin-based Fraser Industries, according to Defense Daily.
- • Wildcat plans to invest $350 million in Fraser's shipbuilding workforce and manufacturing operations.
- • Fraser Industries' portfolio includes Fraser Shipyards, Lake Assault Boats, Northern Engineering and Fraser Terminal, and its customers include the Navy.
- • The transaction is expected to close within several months.
Summary
Wildcat Defense, a new business of the private equity firm Wildcat Equity Partners, said on Wednesday that it has agreed to acquire Fraser Industries, a Wisconsin-based company, according to Defense Daily. The agreement includes a $350 million investment in the company's shipbuilding workforce and manufacturing capabilities.
Fraser Industries comprises several businesses: Fraser Shipyards, Lake Assault Boats, Northern Engineering and Fraser Terminal. Wildcat said the investment is intended to support the modernization and expansion of the U.S. shipbuilding and industrial base. Fraser's customers include the Navy, and the source article notes additional customers, though the remainder of the article is subscriber-only.
The transaction is expected to close within several months. Terms beyond the investment amount, including the purchase price, were not available in the portion of the source reviewed.
Fraser Industries comprises several businesses: Fraser Shipyards, Lake Assault Boats, Northern Engineering and Fraser Terminal. Wildcat said the investment is intended to support the modernization and expansion of the U.S. shipbuilding and industrial base. Fraser's customers include the Navy, and the source article notes additional customers, though the remainder of the article is subscriber-only.
The transaction is expected to close within several months. Terms beyond the investment amount, including the purchase price, were not available in the portion of the source reviewed.
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