An investment affiliate of J.F. Lehman & Company, a middle-market private equity firm focused on the aerospace, defense, maritime, government and environmental sectors, completed the acquisition of Global Marine Group.
Debt financing for the transaction was provided by Deutsche Bank Direct Lending. Winchester Capital served as financial advisor to J.F. Lehman & Company and Jones Day and Blank Rome provided legal advice. Deutsche Bank and ABN AMRO served as financial advisor to Global Marine Group and Hogan Lovells provided legal counsel.
“Global Marine Group represents an exciting addition to the J.F. Lehman & Company portfolio,” Alex Harman, a partner at J.F. Lehman & Company, said. “The company’s leading market position, loyal and diversified global customer base and strong track record of performance align well with our established investment criteria. We plan to pursue new opportunities for growth by leveraging the highly respected Global Marine brand and the company’s unique subsea engineering capabilities and assets.”
Global Marine Group is a provider of subsea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. It owns and operates a specialized fleet of marine equipment and vessels, including three cable installation and repair vessels, four cable maintenance vessels and 19 crew transfer vessels. The company is headquartered in Chelmsford, UK.
“JFLCO is the ideal partner for Global Marine Group. 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 identified by our management team over the past several years,” Ian Douglas, CEO of Global Marine Group, said. “We look forward to continuing Global Marine Group’s proud heritage of providing specialized marine engineering services at the forefront of our industry.”
