J.F. Lehman & Co. (JFLCO), a middle-market private equity firm focused on the aerospace, defense, maritime, government and environmental sectors, says an investment affiliate has completed the acquisition of Global Marine Group (GMG).
Dating back to 1850, GMG is a provider of sub-sea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. GMG owns and operates a highly specialized fleet of marine equipment and vessels, including three cable installation and repair vessels, four cable maintenance vessels and 19 crew transfer vessels, enabling the company to provide its suite of technical offshore engineering services quickly and effectively to customers anywhere in the world, notes the company.
“JFLCO is the ideal partner for GMG. They offer a unique combination of maritime expertise, relationships and capital that should enable GMG to enhance services to our longstanding customer base, as well as pursue growth opportunities,” says Ian Douglas, CEO of GMG.
Debt financing for the transaction was provided by Deutsche Bank Direct Lending. Winchester Capital served as financial advisor to JFLCO ,and Jones Day and Blank Rome provided legal advice. Deutsche Bank and ABN AMRO served as financial advisor to GMG, and Hogan Lovells provided legal counsel.
Photo: A ship in GMG’s offshore fleet
