M&A Deal Summary

International Marine & Industrial Applicators Acquires American Scaffold

On January 1, 2019, International Marine & Industrial Applicators acquired marine company American Scaffold from J.F. Lehman & Company

Acquisition Highlights
  • This is International Marine & Industrial Applicators’ 1st transaction in the Marine sector.
  • This is International Marine & Industrial Applicators’ 1st transaction in the United States.
  • This is International Marine & Industrial Applicators’ 1st transaction in California.

M&A Deal Summary

Date 2019-01-01
Target American Scaffold
Sector Marine
Buyer(s) International Marine & Industrial Applicators
Sellers(s) J.F. Lehman & Company
Deal Type Merger

Target

American Scaffold

San Diego, California, United States
American Scaffold is a provider of scaffolding systems and environmental containment solutions for the maintenance, repair, and overhaul (“MRO”) of U.S. Government (“USG”) vessels. The Company's services are predominantly utilized for the maintenance, repair, and overhaul ("MRO") of marine vessels at shipyards throughout the U.S. American Scaffold is based in San Diego, California.

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Buyer(S) 1

Buyer

International Marine & Industrial Applicators

Daphne, Alabama, United States

Category Company
Founded 1985
Sector Marine
DESCRIPTION

International Marine & Industrial Applicators is a provider of critical vessel preservation services to the U.S. Navy ("USN") and commercial maintenance, repair, and overhaul ("MRO") and new construction markets. International Marine & Industrial Applicators was founded in 1985 and is based in Daphne, Alabama.


DEAL STATS #
Overall 1 of 2
Sector (Marine) 1 of 2
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-16 Main Industries

Hampton, Virginia, United States

Main Industries provides preservation, scaffolding, and environmental containment services to the marine vessel new construction and maintenance, repair, and overhaul (“MRO”) markets. The Company has built an excellent reputation supporting the U.S. Navy’s (“USN”) aircraft carrier new construction and MRO requirements (including re-fueling overhauls) in the Mid-Atlantic region, with a particularly strong presence at Huntington Ingalls Industries Newport News Shipbuilding. Main Industries was founded in 1976 and is based in Hampton, Virginia.

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 21 of 27
Sector (Marine) 4 of 5
Type (Merger) 3 of 3
State (California) 6 of 6
Country (United States) 20 of 26
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-27 PURIS

The Woodlands, Georgia, United States

PURIS provides end-to-end water infrastructure renewal solutions, specializing in environmentally sustainable trenchless pipeline rehabilitation. PURIS was founded in 1973 and is based in The Woodlands, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-09 Spectrum Control

Fairview, Pennsylvania, United States

Spectrum Control is a designer and manufacturer of high-performance components and subsystems for demanding RF / microwave and electromagnetic spectrum management applications. Spectrum Control provides a broad portfolio of mission-critical products to approximately 1,800 global customers supporting more than 200 programs. Spectrum Control was founded in 1993 and is headquartered in Fairview, Pennsylvania.

Sell -