J.F. Lehman & Co. Acquires US.. Joiner LLC, Turnbull LLC

Friday, July 01, 2011

J.F. Lehman & Company, a middle-market private equity firm focused on the defense, aerospace and maritime sectors, announced that it has acquired US Joiner LLC and Turnbull LLC (together, "US Joiner") in partnership with company management.

 
US Joiner is the leading independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers. Headquartered in Crozet, Va., the company employs approximately 500 employees across the United States.
 
"We are excited to be partnering with the US Joiner and Turnbull management teams and are pleased to welcome the companies to the J.F. Lehman & Company portfolio," said Alex Harman, a Partner with J.F. Lehman & Company. "They are an excellent fit with our investment strategy given their leading market positions, long-standing customer relationships, and outstanding workforce. In today's government and commercial marine marketplace, the need for innovative, high-quality, cost-effective solutions is growing, and US Joiner and Turnbull offer a full-range of products and services to meet this demand."
 
David Rathburn, President and CEO of US Joiner commented, "J.F. Lehman & Company is the ideal partner for US Joiner and Turnbull. They offer an excellent combination of unique expertise and relationships as well as capital to accelerate our growth. We look forward to continuing US Joiner and Turnbull's proud heritage of providing unique joiner services and furniture products to the domestic and international maritime and oil and gas industry."
 
Debt financing for the transaction was provided by SunTrust Bank. Blank Rome LLP provided legal counsel to J.F. Lehman & Company. Stifel Nicolaus Weisel, Grossman, Yanak & Ford LLP, and Feil, Pettit & Williams PLC advised Gatewick Enterprises, Inc.
 
 
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0892 sec (11 req/sec)