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 August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Mercury Marine Launches Repower Financing

Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers.

Maritime Academy Awarded DHS Grant for Arctic Training

Maine Maritime Academy receives $450,000 grant From U.S. Department of Homeland Security for ice navigation and maritime first responder courses for the Arctic Maine

Knightsbridge Closes Vessel Acquisition Transaction

Bermuda-based Knightsbridge Tankers Limited announced that it has closed the first stage of its vessel acquisition transaction. Knightsbridge has issued 31 million

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Pod Propulsion Salvage Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1767 sec (6 req/sec)