M&A Deal Summary

BAE System Acquires Atlantic Marine Holding

On July 13, 2010, BAE System acquired marine company Atlantic Marine Holding from J.F. Lehman & Company for 352M USD

Acquisition Highlights
  • This is BAE System’s 2nd transaction in the Marine sector.
  • This is BAE System’s 5th largest (disclosed) transaction.
  • This is BAE System’s 6th transaction in the United States.
  • This is BAE System’s 3rd transaction in Florida.

M&A Deal Summary
Date 2010-07-13
Target Atlantic Marine Holding
Sector Marine
Buyer(s) BAE System
Sellers(s) J.F. Lehman & Company
Deal Type Add-on Acquisition
Deal Value 352M USD

Target

Atlantic Marine Holding

Jacksonville, Florida, United States
Atlantic Marine is a provider of maintenance, repair, overhaul and conversion (“MROC”) as well as marine fabrication services for commercial and government vessels. Services are provided at strategically located facilities in Mobile, AL and Jacksonville, FL and a third facility at Naval Station Mayport near Jacksonville.

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Buyer(S) 1

Buyer

BAE System

Camberley, United Kingdom
Category Company
Founded 1970
Sector Defense
Employees99,800
Revenue 23.1B GBP (2023)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.

DEAL STATS #
Overall 10 of 27
Sector (Marine) 2 of 2
Type (Add-on Acquisition) 9 of 21
State (Florida) 3 of 4
Country (United States) 6 of 17
Year (2010) 1 of 3
Size (of disclosed) 5 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-27 Australia Defence Pty

Edinburgh, Australia

Australia Defence Pty Ltd is a designer and manufacturer of military equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-08 OASYS Technology

United States

OASYS Technology is a privately owned company specializing in the design and manufacture of electro-optical systems and subassemblies for aerospace, defense, industrial and commercial markets. OASYS Technology specializes in providing rugged and reliable solutions to complex and challenging electro-optical needs that meet the most demanding environmental conditions of land, sea, air, and space. The company's offerings are segmented into four primary markets: Military products and accessories, Laboratory and Test Instrumentation, Optical Assemblies, and Optical Components.

Buy -

Seller(S) 1

SELLER

J.F. Lehman & Company

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 4.5B USD
Size Large
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 12 of 27
Sector (Marine) 1 of 5
Type (Add-on Acquisition) 5 of 11
State (Florida) 1 of 2
Country (United States) 11 of 26
Year (2010) 2 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-10 Oao Technology Solutions

Greenbelt, Maryland, United States

Oao Technology Solutions, Inc. is a information technology ('IT') outsourcer to classified government customers and is a global provider of IT outsourcing services including applications management, data center operations and professional staffing services for commercial and government customers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-30 US Joiner

Crozet, Virginia, United States

US Joiner is a independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers. Headquartered in Crozet, VA, the company employs approximately 500 employees across the United States.

Buy -
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