M&A Deal Summary

Keppel Infrastructure Trust Acquires Global Marine Group

On March 10, 2025, Keppel Infrastructure Trust acquired marine company Global Marine Group from J.F. Lehman & Company

Acquisition Highlights
  • This is Keppel Infrastructure Trust’s 1st transaction in the Marine sector.
  • This is Keppel Infrastructure Trust’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2025-03-10
Target Global Marine Group
Sector Marine
Buyer(s) Keppel Infrastructure Trust
Sellers(s) J.F. Lehman & Company
Deal Type Add-on Acquisition

Target

Global Marine Group

Chelmsford, United Kingdom
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, United Kingdom.

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Buyer(S) 1

Buyer

Keppel Infrastructure Trust

Singapore, Singapore

Category Company
Founded 2007
Sector Infrastructure
Revenue 2.0B SGD (2023)
DESCRIPTION

Keppel Infrastructure Trust (KIT) is a diversified business trust listed in Singapore. KIT’s portfolio comprises strategic businesses and assets in the three core segments of Energy Transition, Environmental Services, and Distribution & Storage. These businesses and assets provide essential products and services across a broad range of industries; and generate regular and resilient cash flows, with potential for growth that is supported by favourable long-term market dynamics and demand. Keppel Infrastructure Trust was founded in 2007 and is based in Singapore.


DEAL STATS #
Overall 2 of 2
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 2
Country (United Kingdom) 1 of 1
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-15 Ixom

Victoria, Australia

Ixom is a global chemicals business focused on providing water treatment and chemical distribution services in Australia and New Zealand, with a growing presence in North and South America and Asia.

Buy AU$777M

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 29 of 29
Sector (Marine) 6 of 6
Type (Add-on Acquisition) 12 of 12
Country (United Kingdom) 2 of 2
Year (2025) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-06 Integrated Global Services

Richmond, Virginia, United States

Integrated Global Services provides 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. Integrated Global Services was founded in 2010 and is based in Richmond, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-11 Wrist Ship Supply

Noerresundby, Denmark

Wrist Ship Supply is a ship and offshore supplier of provisions and stores. The Company offers sourcing, storing, consolidating and delivering provisions, stores and spare parts to vessels worldwide through its extensive global supply network. Wrist Ship Supply was founded in 1953 and is based in Nørresundby, Denmark.

Buy -