M&A Deal Summary

J.F. Lehman & Company Acquires Global Marine Group

On January 30, 2020, private equity firm J.F. Lehman & Company acquired marine company Global Marine Group from Innovate for 250M USD

Acquisition Highlights
  • This is J.F. Lehman & Company’s 7th transaction in the Marine sector.
  • This is J.F. Lehman & Company’s 4th largest (disclosed) transaction.
  • This is J.F. Lehman & Company’s 4th transaction in the United Kingdom.

M&A Deal Summary

Date 2020-01-30
Target Global Marine Group
Sector Marine
Buyer(s) J.F. Lehman & Company
Sellers(s) Innovate
Deal Type Divestiture
Deal Value 250M USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Hogan Lovells (Legal)

Target

Global Marine Group

Chelmsford, United Kingdom
website
Global Marine Group is a provider of engineering and underwater services, responding to the subsea cable installation, maintenance, and burial requirements. Global Marine Group was founded in 1983 and is based in Chelmsford, England.

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Buyer(S) 1

Buyer

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1992
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

JF Lehman is a specialist private equity firm that targets investments in the defense, aerospace and maritime industries. JF Lehman looks for lower middle-market company opportunities with established products but that not may not be realizing their full potential. The Firm will only consider control based investment situations. J.F. Lehman was formed in 1992 and has offices in New York, London, and Washington DC.


DEAL STATS #
Overall 36 of 45
Sector (Marine) 7 of 7
Type (Divestiture) 11 of 12
Country (United Kingdom) 4 of 4
Year (2020) 1 of 5
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-14 Lone Star Disposal

Houston, Texas, United States

Lone Star Disposal is a provider of construction and demolition (“C&D”) and municipal solid waste (“MSW”) disposal and related environmental services. The Company’s comprehensive service platform utilizes an asset base consisting of a C&D landfill, an MSW transfer station, a C&D recycling facility, and a C&D collection fleet. Lone Star Disposal is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-04 Integrated Global Services

Richmond, Virginia, United States

Integrated Global Services is a provider of highly engineered, proprietary surface protection solutions and technologies to a diversified global customer base. The Company’s technologies and services solve metal wastage and reliability problems in mission-critical equipment found across energy, power generation and other industrial end markets.

Buy -

Seller(S) 1

SELLER

Innovate

New York, New York, United States

website


Category Company
Founded 1994
Sector Diversified
Employees3,565
Revenue 1.6B USD (2022)
DESCRIPTION

Innovate is a diversified holding company which seeks to acquire and grow businesses that generate sustainable free cash flow. Innovate has a diverse array of operating subsidiaries, each with its own dedicated management team, across a broad set of industries, including, but not limited to, telecom/infrastructure, large-scale U.S. construction, energy, and life sciences. Innovate was founded in 1994 and is based in New York, New York.


DEAL STATS #
Overall 3 of 3
Sector (Marine) 1 of 1
Type (Divestiture) 2 of 2
Country (United Kingdom) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-13 R2 Dermatology

San Ramon, California, United States

R2 Dermatology is a developer of medical devices for the treatment of aesthetic and medical skin conditions, including a skin lightening and skin-tone evening product utilizing “cold technology”. R2 Dermatology was formed in 2014 and is based in San Ramon, California.

Sell -