Jf Lehman News

J.F. Lehman & Company, an alternative asset manager focused on the aerospace, defense, government, maritime, environmental and infrastructure sectors, has announced that investment affiliates, including JFL Equity Investors VI, L.P., have acquired Forged Solutions Group, Inc. (FSG).With roots dating back to 1836, FSG is a provider of high specification forgings for the aerospace, defense, and space end markets with a particular focus on flight-critical, rotating aeroengine components.

Wrist Group, a leader in marine supply, logistics and budget management services for the maritime industry and a portfolio company of an investment affiliate of J.F. Lehman & Company, LLC (“JFLCO”), has announced the acquisition of Delaware Ship Supply (“DSS”), a ship supplier headquartered in Camden, NJ. Founded in 1904, DSS provides a broad portfolio of customized services, including provisions, stores, technical products and spare parts logistics.“We’re excited to welcome Don Rush and his colleagues in Delaware Ship Supply.

Trident Maritime Systems, a maritime systems and solutions provider and portfolio company of J.F. Lehman & Company (JFLCO), has announced the divestiture of Trident Maritime Systems UK Limited and its subsidiaries, including Aeronautical & General Instruments Limited (AGI).The companies are being taken on by DC Capital Partners, a private equity firm focused on middle market government and engineering companies.AGI is a provider of highly engineered electronic systems that support landing, navigation, communications and other mission-critical naval applications.

J.F. Lehman & Company (JFLCO), a middle-market private equity, has through its investment affiliates sold Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF).With a legacy dating to 1850, GMG is one of the leading providers of subsea telecom maintenance and installation services, supporting mission-critical global communications infrastructure.Headquartered in the United Kingdom, the company serves a diverse base of customers with high-reliability solutions that ensure…

International Marine and Industrial Applicators, LLC (IMIA), a portfolio company of an investment affiliate of J.F. Lehman & Company (JFLCO), announced it has acquired Main Industries, Inc.Headquartered in Hampton, Va., Main Industries provides preservation, scaffolding and environmental containment services to the marine vessel new construction and maintenance, repair, and overhaul (MRO) markets. The company supports the U.S. Navy’s aircraft carrier new construction and MRO requirements (including refueling overhauls) in the Mid-Atlantic region…

Dutch offshore services provider Fugro has said it has received $17.3 million from the sale by Global Marine Group of a 30% stake in Huawei Marine Networks (HMN) to Hengtong Optic-Electric Co Ltd. The proceeds are in addition to EUR 34.0 million which Fugro received in the first quarter of 2020 from the divestment of its 23.6% stake in Global Marine Group, which was bought a J.F. Lehman & Company affiliate for an enterprise value of $250 million.The remaining 19% of Huawei Marine Networks that is under a two-year put-option agreement is expected to generate another $10-15 million for Fugro…

US-based financial services company HC2 Holdings and the Dutch multinational provider of geo-intelligence Fugro have sold offshore engineering specialist Global Marine Group (GMG) to private equity firm J.F. Lehman & Company for a sum of USD 250 million.HC2 holds 73% of Global Marine Group’s shares, while Fugro holds 23.6% of the shares. Through its ownership of 23.6% in GMG, Fugro will monetize the remainder of its non-core interest in GMG, which is expected to result in proceeds for Fugro of close to USD 40 million.Global Marine Group is made up of the three business units Global Marine, Global Offshore and CWind. The company provides a wide range of engineering services to the oil & gas and wind energy industries.

British-headquartered specialist provider of submarine cables Global Marine Group (GMG) has been acquired by an investment affiliate of private equity firm J.F.

J.F. Lehman & Company (JFLCO), a middle-market private equity firm said that its investment affiliate JFL-NRC-SES Partners, LLC  signed an agreement to sell its membership interests in NRC Group Holdings, LLC (NRC Group), formed earlier this year with the combination of JFLCO companies National Response Corporation (NRC) and Sprint Energy Services (Sprint) , to Hennessy Capital Acquisition Corp. III (HCAC). After the transaction is completed, NRC Group will be a wholly-owned direct subsidiary of HCAC, who will change its name to NRC Group Holdings Corp. NRC Group Holdings Corp.

National Response Corporation, a portfolio company of an investment affiliate of J.F. Lehman & Company, completed the acquisition of Cleanline Waste Water Solutions Ltd. NRC is a provider of specialty compliance and environmental services. Headquartered in Great River, NY, with regional offices throughout the U.S. and overseas, NRC has more than 1,400 employees in locations around the world. Cleanline is a leading provider of environmental, industrial and emergency response services in the United Kingdom. The company is headquartered in Liverpool, England. Paul Taveira, CEO of NRC, commented, “Cleanline is the most recent strategic addition to NRC’s unique compliance and environmental services offering and strengthens our capabilities and broadens our footprint in the United Kingdom.

Frederick J. Harris, recently retired president of General Dynamics NASSCO and Bath Iron Works shipyards, has joined the operating executive board (OEB) of private equity firm J.F. Lehman & Company. The OEB is a group of industry and government executives with significant experience in the firm’s target industries. Through key relationships and sector-specific knowledge, OEB members contribute to sourcing and evaluating transactions, advising on portfolio company strategy and recruiting senior level portfolio company management.

J.F. Lehman & Company (JFLCO) informs it has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, including both its defense and mining business units. The new company will be named Lake Shore Systems, Inc., in a return to its roots dating back to 1858. The acquisition will represent JFLCO’s 25th sponsored platform investment since the firm’s inception. Lake Shore designs, engineers, manufactures and supports complex, heavy equipment systems to meet mission critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. government vessels and customized underground mining equipment for mine owners and operators around the world.

Trident Maritime Systems (Trident), a portfolio company of J.F. Lehman & Company (JFLCO), signed a definitive agreement to acquire Callenberg Technology Group (Callenberg) from Wilhelmsen Maritime Services AS. Callenberg designs, assembles, integrates, and supports HVAC, electrical energy management, and insulation systems for commercial and government vessels around the world.  It is headquartered in Gothenburg, Sweden and employs approximately 900 employees in 14 countries. Trident is an independent provider of turnkey marine joiner, distributed, electro-mechanical, and power, propulsion and control systems and solutions for government and commercial customers both in the U.S. and internationally.  Completion of the sale is expected to take place later in 2016.

National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Emerald Alaska, LLC from Emerald Services, Inc. NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance services as well as a global provider of specialized environmental and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S. and internationally, NRC has more than 1,000 employees globally. Emerald Alaska is a provider of environmental and emergency response solutions to the oil and gas industry in the state of Alaska.

Affiliates of USJ-IMECO Holding Company, LLC , a portfolio company of J.F. Lehman & Company (JFLCO), today announced the acquisition of Joiner Systems, Inc. Joiner Systems, headquartered in Montreal, Quebec, primarily designs, engineers and manufactures accommodation systems for commercial and government ships. USJ-IMECO is an independent provider of turnkey marine joiner, distributed systems and electro-mechanical solutions for government and commercial customers involved in new ship construction and vessel maintenance, repair and overhaul. Headquartered in Crozet, Va. and Iron Mountain, Mich., the company employs approximately 700 people across the United States. USJ and IMECO were acquired by J.F.

Affiliates of USJ-IMECO Holding Company, LLC, a portfolio company of J.F. Lehman & Company (JFLCO), announced the acquisition of Robichaux Automation and Control, Inc. (RAACI). RAACI designs, assembles and integrates electrical, control and automation systems for commercial and government vessels. The company’s core systems and product offerings include a range of proprietary ship control, alarm, monitoring, propulsion, switchboard and power management systems as well as other advanced marine technologies. The company is headquartered just outside New Orleans. USJ-IMECO is an independent provider of turnkey marine joiner, distributed and electro-mechanical systems and solutions for government and commercial customers involved in new ship construction and vessel maintenance…

National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Specialized Response Solutions (SRS). NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services as well as a global provider of diversified environmental, industrial and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S. and internationally, NRC has approximately 910 employees. SRS is a provider of emergency response, firefighting, specialized equipment fabrication, training and other specialized response services primarily for the rail and industrial chemicals industries.

National Response Corporation (NRC) announced the completion of a deal which sees U.K.-based Sureclean Limited become part of the NRC group. NRC is a global provider of diversified environmental, industrial and emergency response solutions. Headquartered in Great River, New York, with regional offices throughout the U.S. and internationally, NRC has approximately 800 employees. Operating both in the U.K and internationally, Sureclean is a provider of specialty industrial and environmental solutions to the oil and gas, petrochemical, renewables, utilities, civil engineering and construction sectors. The company is headquartered in Alness, Scotland with additional offices in the Aberdeen area and employs a permanent staff of 135.

National Response Corporation (NRC) announced today the completion of the purchase of RK Contractors (RK) through an asset deal. NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services as well as a global provider of diversified environmental, industrial and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S. and internationally, NRC has approximately 765 employees. RK is a specialty environmental and industrial services contractor in the Northern California and Nevada region of the United States. The Company is headquartered in Truckee, Calif. and as part of the transaction now has a branch office in Reno, Nev.

J.F. Lehman & Company, a middle-market private equity firm focused on the maritime, defense and aerospace sectors, announced today that it has sold its portfolio company, Northeast Ship Repair, Inc. to affiliates of Plexus Capital and NewSpring Capital. The sale of Northeast Ship Repair follows J.F. Lehman's recent sales of ACR Electronics and Drew Marine, both announced on November 19. Northeast Ship Repair is a provider of large vessel maintenance, repair and overhaul services for the U.S. Government noncombatant fleet and commercial customers.

Leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, J.F. Lehman, has sold its portfolio company Drew Marine to affiliates of The Jordan Company. With a corporate heritage that dates back to 1928, Drew Marine is the leading independent global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Terms of the transaction were not disclosed. Since acquiring Drew Marine in 2009, J.F. Lehman worked successfully with the company’s management team to reinvigorate Drew Marine'’s core business of providing global maritime customers (representing over 11…

National Response Corporation (NRC) announced the completion of the acquisition of OP-TECH Environmental Services, Inc. (OP-TECH). NRC was acquired in March 2012 by investment affiliates of J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace, and maritime sectors. Senior debt financing for the acquisition was arranged by BNP Paribas Securities Corp. (as sole lead arranger). Jones Day LLP provided legal counsel to NRC. NRC is a commercial provider of United States Oil Pollution Act of 1990 regulatory compliance and emergency response services as well as a global provider of diversified environmental, industrial and emergency response solutions. Headquartered in Great River, N.Y., with regional offices throughout the U.S.

J.F. Lehman & Company investment affiliates acquire AMECO, provider of electro-mechanical solutions to the defense, aerospace and maritime sectors. IMECO, based in Iron Mountain, MI, is a leading independent domestic provider of turnkey marine electro-mechanical solutions for U.S Government and commercial customers. The Company's integrated maritime solutions include the design, engineering, planning, procurement and installation of HVAC, cargo handling, electric steering, propulsion and fire suppression systems for government and commercial vessels. Roy Arnold , President of IMECO, stated, "J.F. Lehman & Company is an excellent partner for IMECO given the firm's unique expertise and relationships as well as capital to accelerate our growth.