J.F. Lehman Acquires Atlantic Marine

Thursday, August 03, 2006
J.F. Lehman & Company, a New York-based private equity investor, completed a control investment in Atlantic Marine Holding Company, a provider of repair, overhaul and maintenance services for commercial seagoing vessels and U.S. Navy ships. Atlantic Marine owns and operates two stra¬tegically located shipyards in Jacksonville, Fla. and Mobile, Ala., and leases a third facil¬ity located at the Naval Station Mayport in Jacksonville. Atlantic Marine’s Jacksonville facilities focus on the commercial and U.S. Navy repair market and in recent years has expanded its service offering to the repair and conversion of mega-yachts. The company’s Mobile operation focuses on the bluewater commercial ship re¬pair sector, including vessels that serve the U.S. Defense cargo market. It also has experience in the repair and conversion of drill rigs and semi-submersibles that serve the offshore oil industry. In conjunction with the transaction, Ron McAlear, president of Atlantic Marine’s Mobile opera¬tions, and Ed Fleming, president of the Company’s Jacksonville facilities, were appointed CEO and executive vice president, respectively, of Atlantic Marine Holding Com¬pany.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Iranian Port Deal: Modi's Masterstroke

Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar

Winners of Ferry Design Contest Selected

Winners of International Student Design Competition for a Safe Affordable Ferry to be revealed at the Ferry Safety and Technology Conference   Dr. Roberta Weisbrod,

Maritime Consolidation: Palfinger Aims to Acquire Harding

As maritime markets continue to struggle, merger and acquisition activity should heat up. Today, Austria's Palfinger Group announced that it intends to acquire

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Sonar
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: 0.0887 sec (11 req/sec)