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Atlantic Marine Holding Company News

13 Jul 2010

J.F. Lehman & Company Completes Sale of Atlantic Marine

J.F. Lehman & Company completed the sale of Atlantic Marine Holding Company to a subsidiary of BAE Systems, Inc. Atlantic Marine is a provider of vessel maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services to government and commercial maritime customers. The company has operations in Mobile, AL, Jacksonville and Mayport, FL and Moss Point, MS. JFL has retained the company’s MROC operations in Boston, MA and Philadelphia, PA and a parcel of real estate in Mobile. The sale price was approximately $352 million, subject to customary post-closing adjustments. An investment affiliate of JFL acquired the business in August 2006. Tig H. J.P.

19 May 2010

BAE Systems to Acquire Atlantic Marine

BAE Systems entered into a definitive agreement to acquire Atlantic Marine Holding Company (Atlantic Marine) from JFL-AMH Partners, LLC, a portfolio company of the private equity firm J.F. Lehman & Company for $352 million. Atlantic Marine is a privately held vessel maintenance, repair, overhaul and conversion (MROC), marine fabrication, and ship construction services provider with operations at Mayport and Jacksonville, Florida; Moss Point, Mississippi; and Mobile, Alabama. The acquisition does not include Atlantic Marine's Boston and Philadelphia operations, which will be retained by JFL-AMH Partners, LLC. The acquisition will be funded from BAE Systems' existing cash resources.

27 May 2009

VT Halter Marine, New CEO & COO

VT Halter Marine Inc., a company of VT Systems Inc (VT Systems), announced the appointment of William (Bill) E. Skinner as Chief Executive Officer (CEO) and Paul J. Albert as Chief Operating Officer (COO). Skinner, who has been with the company since inception, was appointed CEO on 21 April, 2009. Prior to this appointment Skinner was VT Halter Marine’s COO (2005- 2009) and Senior Vice President of Vessel Operations (2002-2005). Skinner had held senior positions in the shipbuilding industry including President of Friede Goldman Offshore Division of Friede Goldman Halter (1997-2002)…

05 May 2009

SCA Announces New Chair/Vice Chair

The Shipbuilders Council of America (SCA) announced that Herschel Vinyard, vice president at Atlantic Marine Holding Company, has been elected its new chair. Mr. Vinyard takes the leadership role of the Council after two successful years that saw increased membership and an expansion of services provided by the SCA under the chairmanship of Steve Welch, CEO and President of Todd Pacific Shipyards. Chris Bollinger, executive vice president of Bollinger Shipyards, was elected to the position of vice-chair. The elections occurred during the Council’s annual Spring General Membership Meeting, held April 27 - 29, in Washington, DC. Past chair Steve Welch commented, "It was truly an honor to serve as chair of SCA.

27 Apr 2004

Atlantic Marine Executive To Head SCA

Herschel T. Vinyard, Jr., Vice President of Atlantic Marine Holding Company, was elected Chairman of the Shipbuilders Council of America (SCA). Mr. Shipbuilding & Repair Co., Inc. Cherrie Felder, Channel Shipyards, New Orleans was elected Vice Chairwoman. SCA is the largest and most broadly-based national trade association representing the U.S. shipyard industry. SCA members build, repair and service America's fleet of commercial and small and mid-sized government vessels. The Council represents 52 companies that own and operate over 120 shipyards in 23 states, with facilities on all three U.S. coasts, the Great Lakes and the inland waterways system. SCA also represents 28 affiliate members that provide goods and services to the shipyard industry.

07 Apr 2000

Shipbuilders Discuss Gameplan

Shipbuilding leaders convened in Washington D.C. last week to discuss the means and methods to propel the U.S. Shipbuilding market at the dawn of the new millennium. By Regina P. Under the auspices of the seeking a candid and creative discussion regarding the country's shipbuilding future, the U.S. Maritime Administration sponsored a seminar dubbed Marketing Issues and Challenges Facing the U.S. Shipbuilding Industry last week. Attended by industry executives from most of the country's premiere facilities, the conference was held on Wednesday, April 5, at the Ritz-Carlton Hotel in Pentagon City, Va. Stressing the pressures of competition form the lucrative Asian shipbuilding powerhouses of Japan, China and Korea, many conference speakers mulled and brainstormed ways that the U.S.

15 Jun 2000

Shipbuilders Discuss Gameplan

Shipbuilding leaders convened in Washington, D.C. recently to discuss the means and methods to propel the U.S. shipbuilding market at the dawn of the new millennium. Under the auspices of seeking a candid and creative discussion regarding the country's shipbuilding future, the U.S. Maritime Administration sponsored a seminar on April 5, dubbed, "Marketing Issues and Challenges Facing the U.S. Attended by industry executives from most of the country's premier facilities, the conference was held on Wednesday, April 5, at the Ritz-Carlton Hotel in Pentagon City, Va. Stressing the pressures of competition form the lucrative Asian shipbuilding powerhouses of Japan, China and Korea, many conference speakers mulled and brainstormed ways that the U.S. shipbuilders could recapture market share.

29 Apr 2005

Vinyard Re-elected to SCA Chair

On April 21, 2005, Herschel T. Vinyard, Jr., Vice President of Atlantic Marine Holding Company, was re-elected Chairman of the Shipbuilders Council of America (SCA). Donald T. “Boysie” Bollinger, CEO of Bollinger Shipyards, Inc., Lockport, LA, was elected Vice Chairman. The elections occurred during the annual SCA Spring Meeting held in Arlington, VA. SCA is the largest and most broadly-based national trade association representing the U.S. shipyard industry. SCA members build, repair and service America's fleet of commercial vessels. SCA members constitute the shipyard industrial base that maintains and repairs Navy combatant ships and other government craft, as well as builds small and midsized vessels for the U.S. Coast Guard, U.S. Navy and other government agencies.

03 Aug 2006

J.F. Lehman Acquires Atlantic Marine

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.

17 Apr 2006

W&O Supply Partners with Atlantic Marine

W&O Supply, a supplier of marine valves, pipe, fittings and valve automation services, signed a Master Commodity Agreement with the Atlantic Marine Holding Company and its subsidiaries. The agreement allows Atlantic Marine and its shipyards on the East Coast and the Gulf of Mexico to offer more aggressive pricing on new construction and repair products, carry a full line of inventory and enhance service arrangements for their customers.