M&A Deal Summary

Trident Maritime Systems Acquires US Joiner

On January 31, 2013, Trident Maritime Systems acquired marine company US Joiner from J.F. Lehman & Company

Acquisition Highlights
  • This is Trident Maritime Systems’ 1st transaction in the Marine sector.
  • This is Trident Maritime Systems’ 2nd transaction in the United States.
  • This is Trident Maritime Systems’ 1st transaction in Virginia.

M&A Deal Summary

Date 2013-01-31
Target US Joiner
Sector Marine
Buyer(s) Trident Maritime Systems
Sellers(s) J.F. Lehman & Company
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

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 2 of 8
Sector (Marine) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Virginia) 1 of 1
Country (United States) 2 of 5
Year (2013) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 IMECO

Iron Mountain, Michigan, United States

IMECO is a independent domestic provider of turnkey marine electro-mechanical solutions for U.S Government and commercial customers. The Company's integrated maritime solutions include the design, engineering, planning, procurement and installation of HVAC, cargo handling, electric steering, propulsion and fire suppression systems for government and commercial vessels.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-21 Robichaux Automation & Control

Metairie, Louisiana, United States

RAACI designs, assembles and integrates electrical, control and automation systems for commercial and government vessels. The Company's core systems and product offerings include a range of proprietary ship control, alarm, monitoring, propulsion, switchboard and power management systems as well as other advanced marine technologies. The Company is headquartered just outside New Orleans, LA.

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 14 of 27
Sector (Marine) 2 of 5
Type (Add-on Acquisition) 7 of 11
State (Virginia) 2 of 2
Country (United States) 13 of 26
Year (2013) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 IMECO

Iron Mountain, Michigan, United States

IMECO is a independent domestic provider of turnkey marine electro-mechanical solutions for U.S Government and commercial customers. The Company's integrated maritime solutions include the design, engineering, planning, procurement and installation of HVAC, cargo handling, electric steering, propulsion and fire suppression systems for government and commercial vessels.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-19 Drew Marine

Whippany, New Jersey, United States

Drew Marine is a global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Drew Marine has 100 distribution locations in more than 50 countries. Drew Marine is based in Whippany, New Jersey.

Sell -