Ward Leonard LLC CT
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Ward Leonard LLC CT - overview
Established
1892
Location
-, CT, US
Primary Industry
Business Support Services
About
Ward Leonard LLC CT is a manufacturer specializing in high-performance motors for military applications, particularly for naval vessels, ensuring compliance with rigorous military specifications. Ward Leonard LLC CT designs and manufactures specialized motors for various military applications. Founded in 1892 and headquartered in the US, the company was acquired by Fairbanks Morse, LLC, a portfolio company of Arcline Investment Management, in January 2021, although financial terms of the deal were not disclosed. CEO Jon Carter leads the company as it continues to focus on its core competencies in electronic components and defense systems.
Ward Leonard LLC CT specializes in the design and manufacture of high-performance motors tailored for military applications, particularly for naval vessels. Their core product offerings include AC induction motors, compressor motors, noise-quiet motors, pump motors, servo motors, and winch motors, engineered to meet stringent military specifications like MIL-M-17059 and MIL-DTL-17060. These motors are built from durable materials, including nodular cast iron, and feature advanced technologies for enhanced insulation and water resistance. Their products are vital for U.
S. Navy fleet operations, including submarines and surface vessels, with a service life expectation of 30 years. Ward Leonard LLC CT operates primarily on a B2B basis, supplying specialized motors to governmental and military entities. Revenue is generated through the direct sales of products such as the Ward Leonard Novo 1 Motor line and various MIL-Spec motors designed for demanding naval environments.
The company collaborates with defense contractors and government agencies to provide tailored solutions, with bulk order transactions reflecting specific military requirements. Their pricing structures are aligned with industry standards for military-grade components, emphasizing durability and reliability. Additionally, engineering support and maintenance services contribute to ongoing revenue streams from clients in the defense sector. Ward Leonard LLC CT is focused on developing new motor products tailored to meet evolving military needs, although specific release dates have not been disclosed.
The company is also working to expand into additional markets, targeting increased sales in both domestic and international defense sectors by 2023. Following the acquisition in January 2021, the company plans to leverage recent funding to support these growth initiatives, aligning with its strategic objectives to enhance product offerings and extend market reach.
Current Investors
Fairbanks Morse, LLC
Primary Industry
Business Support Services
Sub Industries
Facilities & Maintenance Services, Oil & Gas Equipment and Services, Industrial Machinery, Electronic Components
Website
www.wardleonard.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Ward Leonard LLC CT - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Ward Leonard LLC CT | - |
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