J.F. Lehman & Co. Acquires ACR Electronics

(MarineLink)
Monday, July 09, 2012

J.F. Lehman & Company acquired ACR Electronics, Inc. from Chelton Avionics, Inc., a subsidiary of Cobham plc.  ACR Electronics, Inc. is a leading provider of safety products and solutions to the aviation, marine, military and commercial markets worldwide. The Company’s core products include life-saving devices such as rescue beacons, safety lights, and other safety equipment which have been sold for decades under the ACR and Artex brands.
“We are very pleased to have the opportunity to invest in ACR Electronics,” said Stephen Brooks, Partner at J.F. Lehman.  “ACR Electronics is a market leader in many of J.F. Lehman’s core end-markets and has a strong reputation for quality and engineering expertise across a diverse product suite with both military and civilian customers. We are excited to partner with the ACR Electronics management team to drive continued success in the business and address new growth opportunities.”
Michael Wilkerson, CEO of ACR Electronics commented, "We are very excited about the partnership with J.F. Lehman and we look forward to continuing to offer our customers advanced, lifesaving products and critical safety solutions through the ACR and Artex brands.  Under J.F. Lehman’s ownership we remain committed to investing in technology and opening new markets to ensure that ACR Electronics continues its position as the leading development center for emergency beacons that are designed with one purpose: to save lives.”
Debt financing for the transaction was arranged by BNP Paribas.  Jones Day provided legal counsel to J.F. Lehman & Company.  Blank Rome advised in the area of government contracting and import / export compliance.

 
 

Maritime Today


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

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

People & Company News

HCI Capital Renamed Ernst Russ AG

A vote was passed at the ordinary shareholders’ meeting of HCI Capital AG yesterday to change the company’s name to Ernst Russ AG. The Executive Board and Supervisory

CMA CGM to use Kingston As Transshipment Hub

French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast,

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Marine Electronics

Denmark Adopts Digital Ship Certification

As of June 24, 2016, ships flying the Danish flag are being digitally certified, making Denmark one of the first countries to put an end to the 100-year-old tradition

PGS, Radio Holland Expand Service Agreement

Norwegian marine geophysical company PGS has extended its non-exclusive service agreement with Radio Holland for navigation and communication services onboard nine seismic vessels in its global fleet.

AkzoNobel Wins Major Environmental Award

AkzoNobel’s pioneering methodology for rewarding ship owners who use sustainable hull coatings has been named Environmental Leader Product of the Year for 2016.

Finance

VEB Guarantees $3 Bln of Yamal LNG Debt

Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

World Stocks Tumble as Britain Votes for EU Exit

Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money

 
 
Maritime Security Maritime Standards Naval Architecture Offshore Oil Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar Winch
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: 0.0968 sec (10 req/sec)