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J.F. Lehman Doubles Up on Exits
- J.F. Lehman & Company has carried out the sales of Integrated Global Services (IGS) to American Securities and Global Marine Group (GMG) to Keppel Capital.
- IGS specializes in providing on-site internal surface protection services for critical equipment in various industries.
- J.F. Lehman, after acquiring IGS in 2020, helped in enhancing its solutions and global reach over the ownership period.
- GMG, a subsea cable maintenance and installation services provider, was acquired by J.F. Lehman from HC2 in 2020.
- Global Marine Group's market position and growth potential in the telecom sector influenced its acquisition by Keppel Capital.
- Keppel believes that GMG's business, mainly focused on subsea connectivity, has significant growth potential, especially in the Asian market.
- J.F. Lehman, a middle-market private equity firm, focuses on maritime, defense, and aerospace sectors.
- In December 2024, J.F. Lehman closed its latest fund, JFL Equity Investors VI LP, with $2.2 billion in capital.
- American Securities is an investor in businesses across various sectors with a significant capital under management.
- Multiple financial advisors were involved in the transactions, including Houlihan Lokey, Stifel, Evercore, and Harris Williams.
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