Keppel Buys Global Marine Group
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 the integrity and performance of undersea networks worldwide.Terms of the transaction with KIF were not disclosed.
Trident Maritime Systems Sells Cannon Mining Division to J.H. Fletcher & Co.
Trident Maritime Systems, a provider of maritime systems and solutions for government and commercial customers and a portfolio company of investment affiliates of J.F. Lehman & Company (JFLCO), announced today that it has completed the sale of its Cannon Mining division to J.H. Fletcher & Co. The acquisition enables Trident to focus on its core maritime and defense offerings and strengthens J.H. Fletcher’s current mining equipment products lines as well as its domestic and international aftermarket support. Specifically, the Cannon acquisition will provide J.H. Fletcher with over 30
Odyssey Marine Exploration Appoints Jones as CFO
Group from 2016-2017; Managing Director, Equity Research – Americas Gaming at Union Gaming from 2014-2016; Managing Director, Equity Research – Gaming, Lodging & Leisure at Telsey Advisory Group from 2008-2014. He has also held positions at Oppenheimer & Company, Merrill Lynch and Lehman Brothers.Odyssey has also brought on additional litigators and expert consultants to augment its legal team as preparations ramp up for a hearing before the NAFTA Tribunal. The company says it did not receive fair and equitable treatment by Mexico which resulted in the denial of the ExO Phosphate
Fugro Gets $17.3M from Huawei Marine Networks Deal
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, the company said."The proceeds will be utilized to reduce Fugro’s outstanding
Batista Named CEO at Aquabotix
more than 20 years of experience working with small-cap listed companies, both in the U.S. and Australia. He is the former Senior Managing Director of independent financial services firm Viriathus Holdings LLC., and previously held roles with HPC Capital Management Corp., SoundView Technology Group and Lehman Brothers Inc. A graduate of C.W. Post College, Batista also has several post-graduate qualifications from The New York Institute of Finance
Missing Divers Found in Gulf of Mexico
for transport to Sector Corpus Christi where they were met by EMS as a precautionary measure. A video of the lift is available here. "Our air crew is extremely happy to find these two missing divers and bring them to safety from an unfortunate and dangerous situation," said Lt. Harry Lehman, one of the pilots on the rescue helicopter. "Credit goes to the two experienced divers who did everything in their power to be noticed and rescued, having the right equipment such as brightly colored flotation devices saved their lives. Our excellent team work with the Station Port Aransas
Lehman Acquires IMECO
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
February 2025
