:

Business/Financial

Arlington Capital Company To Acquire Kreisler Manufacturing

By Cal Biesecker

Tuesday, May 31st, 2016

SHARE:

Arlington Capital Company To Acquire Kreisler Manufacturing

Metal braided hose manufactured by United Flexible. Photo: United Flexible

The private equity firm Arlington Capital Partners said on Tuesday that its portfolio company United Flexible has agreed to acquire Kreisler Manufacturing Corporation [KRSL], a manufacturer of precision metal components and assemblies used in commercial and military aircraft engines and industrial gas turbines.Illinois-based United Flexible is paying $18 per share in cash for New Jersey-based Kreisler. The deal is expected to close during the second quarter of 2016. The combined company will have about 700 employees.Arlington Capital said the pending…

Senators Push Navy Against Single Destroyer Request In FY ’27

The chairman of the Senate Armed Services Committee (SASC) and the two senators from Maine last week pushed back on Navy officials for only requesting one Arleigh Burke-class destroyer (DDG-51) […]

Navy Looks To Eventually Assemble Battleship At HII Newport News; Faces More Dem Opposition

The Navy told lawmakers this week it found a dry dock at HII’s [HII] Newport News Shipbuilding shipyard it thinks can use for final assembly of the new Trump-class battleship […]

Navy Leaders Downplay Looking At Foreign Navy Shipbuilding Amid Lawmaker Objections

The Navy’s top leaders this week seemed to downplay and back down on the service potentially using foreign shipyards to build U.S. Navy ships or buying foreign designed warships overseas […]

Army

Senate Defense Appropriators See ‘Risk’ With Army’s Reconciliation Plan To Fund Munitions Increase

The Senate’s top defense appropriators cited concern this week with the Army’s request to fund the majority of its large increase to munitions procurement in fiscal year 2027 through the […]