Private company

Fairbanks-Morse

Logo: Public domain, via Wikipedia4

American manufacturing company

Fairbanks, Morse and Company was an American manufacturing company that existed from 1823 until 1958. Founded in 1823 as a manufacturer of weighing scales, it later diversified into pumps, engines, windmills, coffee grinders, radios, farm tractors, feed mills, locomotives, and industrial supplies. It was purchased by the Penn-Texas conglomerate in 1958.2 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1871Founded1
  • HeadquartersChicago1
  • Founded inChicago1
  • Legal formLimited Liability Company3
  • LEI254900HXL0Y7Q3FAHW883
  • StatusActive3
  • LEI statusIssued and current3
  • Registered addressC/O Corporation Service Company, 27608 Raleigh, United States3
  • Registered withCorporations Division (Department of the Secretary of State), 15238063

Fairbanks, Morse and Company was an American manufacturing company that existed from 1823 until 1958. Founded in 1823 as a manufacturer of weighing scales, it later diversified into pumps, engines, windmills, coffee grinders, radios, farm tractors, feed mills, locomotives, and industrial supplies. It was purchased by the Penn-Texas conglomerate in 1958.2

Corporate structure

Fairbanks-Morse is part of a group headed by ARCLINE FM HOLDINGS, LLC. 3 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • ARCLINE FM HOLDINGS, LLC Beloit, Wisconsin, United States
    • Fairbanks-Morse Beloit, Wisconsin, United States
      • Canadian Fairbanks-Morse Subsidiary · Canada

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

Fairbanks Morse and Company began in 1823 when inventor Thaddeus Fairbanks opened an ironworks in St. Johnsbury, Vermont, to manufacture two of his patented inventions: a cast iron plow and a heating stove. In 1829 he started a hemp dressing business for which he built the machinery. Though unsuccessful in fabricating for fiber factories, another of Morse's inventions, the platform scale, formed the basis for the later company. It was patented in June 1832, and a generation later, with his brother Erastus Fairbanks, the E. & T. Fairbanks & Company was selling thousands of scales, first in the United States, later in Europe, South America, and Imperial China. Fairbanks scales won 63 medals over the years in international competition.

In Wisconsin, former missionary Leonard Wheeler designed a durable windmill for pumping water, the Eclipse windmill. Wheeler set up shop in Beloit just after the Civil War. Soon half a million windmills dotted the landscape throughout the West and as far away as Australia. At about the same time, a Fairbanks & Company employee, Charles Hosmer Morse, opened a Fairbanks office in Chicago, from which he expanded the company's territory of operation and widened its product line. As part of this expansion, Morse brought Wheeler and his Eclipse Windmill pumps into business with the Fairbanks company. Morse later became a partner in the Fairbanks Company and by the end of the nineteenth century, it was known as Fairbanks Morse & Company and was headquartered in Chicago. Canadian and American cities had branch dealerships, with Fairbanks first coming to Montreal, Quebec, Canada, in 1876 and later opening a factory there.

From Wikipedia’s article on Fairbanks-Morse, shared under CC BY-SA 4.0.5

Products and brands

Market expansion

In the late nineteenth century, business expanded in the Western United States, as did the company's catalog. It grew to include typewriters, hand trucks, railway velocipedes, pumps, tractors, and a variety of warehouse and bulk shipping tools. The company became an industrial supplier distributing complete "turn-key" systems: tools, plumbing, gauges, gaskets, parts, valves, and pipe. Its 1910 catalog contained over 800 pages.

The Fairbanks Morse Company began producing oil and naptha engines in the 1890s with the purchase of the Charter line of engines (the first commercially available gas engine). They had the idea that an engine could be used as backup power for when one of their Eclipse windmills wasn't getting wind. The Fairbanks Morse gas engine became a success with farmers. Electricity generation and oilfield work also used these engines. Small lighting plants built by the company were also popular. Fairbanks Morse power plants evolved by burning kerosene in 1893, coal gas in 1905, then to semi-diesel engines in 1913 and to full diesel engines in 1924. The Model N was popular in stationary industrial applications.

In 1934, Fairbanks-Morse entered the radio business by acquiring the Audiola Radio Co. After a 1939 factory fire FM decided to exit the radio business. Fairbanks-Morse radios are well known for their colorfulness. The company also had brief forays into building automobiles, tractors, corn shellers, hammermills, cranes, televisions, and refrigerators, but output was small in these fields.

After the expiration of Rudolf Diesel's American license in 1912, Fairbanks Morse (FM) entered the large engine business. The company's larger Model Y semi-diesel became a standard workhorse, and sugar, rice, timber, and mine mills used the engine. The model Y was available in sizes from one through six cylinders, or 10 to 200 horsepower (150 kW). The Y-VA engine was the first high-compression, cold-start, full diesel developed by Fairbanks Morse without the acquisition of any foreign patent. This machine was developed in Beloit and introduced in 1924. The company expanded its line to the marine CO engine (Many 100 H.P. CO marine engines were used in the Philippine Islands to power ferry boats) as well as the mill model E, a modernized Y diesel. From this, Fairbanks-Morse became a major engine manufacturer and developed plants for railway and marine applications. The development of the diesel locomotive, tug, and ship in the 1930s fostered the expansion of the company.

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Post-war power products

Fairbanks Morse continued to build diesel and gas engines, as it had been doing for the first half of the twentieth century. This is in addition to the pump and engine division, which produced Canadian Fairbanks Morse-branded products for farms, factories and mines.

Export offices were established in Rio de Janeiro and Buenos Aires; a factory was opened in Mexico, where model Z engines were built well into the 1980s. An Australian branch factory, similar to the Canadian Branch operation, was opened; remote sheep stations benefited from their products. It dated from 1902, when Cooper Sheep Shearing Machinery Ltd was set up in Sydney, and became an agent for Fairbanks Morse in that hemisphere.

The company sold and updated the Eclipse model of windmill pumps in North America until they became obsolete with widespread rural electrification in the 1940s. Low-cost electricity from the grid also eliminated the need for local power production by small and medium diesel plants. While many Fairbanks Morse engines dutifully served into the late twentieth century, they could not compete with modernization, regional plant closures, and grid electricity.

An inter-family feud for control of the company in 1956 between the sons of Charles Morse weakened the company. Consequently, Fairbanks-Morse was merged with Penn-Western in 1958. The downhill slide continued for the next few decades, with assets being sold off, and branches of the company closed. Regional sales offices were closed, and the one-shop model no longer appealed to buyers in the new consumer age. Automakers, tractor makers, and locomotive builders made inroads into Fairbanks-Morse's market share. Thus the company spiraled down, and was sold.

From Wikipedia’s article on Fairbanks-Morse, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Subsidiaries

  • Canadian Fairbanks-Morse

Parent company (GLEIF)

From Wikidata.1 Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Nov 27, 2019Parent Directly consolidated by ARCLINE FM HOLDINGS, LLC3
  2. 1958Dissolved Dissolved1
  3. 1871Founded Founded in Chicago1

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$717.8M 2016–2026
Figures by year
YearFederal contractsTotal
2026$48.1M$48.1M
2025$87.3M$87.3M
2024$99.0M$99.0M
2023$170.5M$170.5M
2022$92.7M$92.7M
2021$56.2M$56.2M
2020$54.5M$54.5M
2019$28.6M$28.6M
2018$70.3M$70.3M
2017$10.3M$10.3M
2016$214.8K$214.8K

Federal awards

Obligated amounts from USAspending.gov6, by calendar year, 2016–2026, for 3 registered units. Obligations are what agencies committed, not always what was paid out. Contracts pay for goods and services; grants, loans and direct payments are assistance. Loans are charted at the face value of the loans listed here. An award’s amount below is its lifetime total, and some began before the years charted.

Largest contracts

  1. Aug 31, 2023$35.5M from Department of the Army: No. 1 engine rebuild, serial no. 38d87007 To FAIRBANKS MORSE, LLC Award W912EQ23C0016
  2. Aug 16, 2022$22.3M from Department of the Navy: Piston and ring assembly8 To FAIRBANKS MORSE, LLC Award N0010422PXC43
  3. Jul 13, 2018$16.9M from Defense Logistics Agency: Cylinder head,diese9 To FAIRBANKS MORSE, LLC Award SPRMM118FLK0J
  4. Sep 23, 2024$14.8M from Department of the Navy: Turbocharger10 To FAIRBANKS MORSE, LLC Award N0010424FYA00
  5. Jun 30, 2023$13.6M from Department of the Navy: Head,air start valv11 To FAIRBANKS MORSE, LLC Award N0010423CXA03