M&A Deal Summary

J.H. Fletcher Acquires Trident Maritime Systems - Cannon Mining Division

On June 15, 2022, J.H. Fletcher acquired metals/mining company Trident Maritime Systems - Cannon Mining Division from Trident Maritime Systems

Acquisition Highlights
  • This is J.H. Fletcher’s 1st transaction in the Metals/Mining sector.
  • This is J.H. Fletcher’s 1st transaction in the United States.
  • This is J.H. Fletcher’s 1st transaction in Virginia.

M&A Deal Summary
Date 2022-06-15
Target Trident Maritime Systems - Cannon Mining Division
Sector Metals/Mining
Buyer(s) J.H. Fletcher
Sellers(s) Trident Maritime Systems
Deal Type Divestiture

Target

Trident Maritime Systems - Cannon Mining Division

Arlington, Virginia, United States
Trident Maritime Systems' Cannon Mining Division portfolio includes drill jumbos, scalers, and roof bolters. Trident Maritime Systems' Cannon Mining Division is based in Arlington, Virginia.

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Buyer(S) 1

Buyer

J.H. Fletcher

Huntington, West Virginia, United States
Category Company
Founded 1937
Sector Machinery
DESCRIPTION

J.H. Fletcher is a global producer of custom underground mining equipment and provides engineering and manufacturing solutions. J.H. Fletcher was founded in 1937 and is based in Huntington, West Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1

Seller(S) 1

SELLER

Trident Maritime Systems

Arlington, Virginia, United States
Category Company
Founded 1916
Sector Marine
DESCRIPTION

Trident Maritime Systems provides turnkey marine systems for government and commercial maritime customers, targeting the new ship construction, retrofit and repair markets. Trident’s integrated maritime solutions include the design, engineering and installation of numerous systems, including electrical distribution, automation and control, HVAC, cargo handling, fire suppression, heavy lift and access, joiner and insulation. The Company supports the largest U.S. Navy vessel programs as well as large commercial shipbuilders and owners. Trident Maritime Systems was founded in 1916 and is based in Arlington, Virginia.

DEAL STATS #
Overall 1 of 2
Sector (Metals/Mining) 1 of 1
Type (Divestiture) 1 of 2
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 Lake Shore Systems

Kingsford, Michigan, United States

Lake Shore Systems is a designer, engineer, manufacturer, and supporter of complex, heavy equipment systems to meet mission-critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for U.S. Government vessels and customized underground mining equipment for mine owners and operators around the world. Lake Shore Systems was founded in 1858 and is based in Kingsford, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-20 Custom Alloy

High Bridge, New Jersey, United States

Custom Alloy is a manufacturer of specialty metals for seamless and welded pipe fittings & forgings, predominantly for customers requiring time-critical maintenance or repair. Custom Alloy was formed in 1968 and is based in High Bridge, New Jersey.

Buy -
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