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

People & Company News

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Rotterdam Integrates Safety Research with LNG Training Facility

The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines

Marine Electronics

Seagull Maritime Response on Safety, Security

Key areas of concern for seafarer safety and security in both marine and offshore operations have triggered the release of six new and one supplementary titles

Transas Simulators Boosts Western Shipping Training Center

Transas Marine Pacific has successfully completed the upgrade of a simulator complex for Western Shipping Pte. Ltd. training center. The simulator class was

AN/SPY-1 SSSA Completes Critical Design Review

The Critical Design Review (CDR) stage for AN/SPY-1 radar Solid-State Switch Assembly (SSSA)'s high voltage modulator completed Aug. 26, confirming that the

Finance

Deep Sea Supply takes Delivery of 'Sea Triumph'

The Deep Sea Supply  took delivery of the newbuilding Platform Supply Vessel 'Sea Triumph'  on Thursday 18 September.  The vessels 'Sea Triumph' is a STX 05-L

Chevron To Find Buyers for Hawaiian Refinery

Chevron Corp has hired an investment bank to identify potential buyers of its 54,000 barrel-a-day refinery in Kapolei on the Hawaiian island of Oahu, a company official said.

Colombia's Ecopetrol Sees Recovery in 2015

Colombia's top energy company Ecopetrol is targeting production of 1 million barrels of oil equivalent per day in 2015, a steep recovery over this year, clouded

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar 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: 0.1279 sec (8 req/sec)