J.F. Lehman & Company Completes the Successful Sale of IGS
J.F. Lehman & Company (JFLCO), a prominent private equity firm known for its focus on sectors such as aerospace and defense, has successfully completed the sale of Integrated Global Services, Inc. (IGS) to American Securities. The specifics of the sale remain undisclosed, but it marks a significant milestone in JFLCO's strategic journey.
IGS: A Leader in Asset Integrity Solutions
Integrated Global Services is recognized globally as a premier provider of specialized asset integrity and environmental technologies. These solutions are designed to enhance the safety and productivity of critical infrastructure by tackling corrosion and erosion challenges, boosting efficiency, and minimizing emissions in various settings.
Evolving Through Strategic Partnerships
Since JFLCO acquired IGS in 2020, the partnership has led to remarkable advancements. The management team worked closely with JFLCO to broaden the market presence and enhance the technology offerings of the Company. Throughout this partnership, IGS integrated four key acquisitions, further strengthening its operational capabilities.
Visionary Leadership and Growth
Alex Harman, Chairman of IGS and JFLCO Partner, expressed pride in the achievements during their partnership. He highlighted the organic growth and strategic initiatives that facilitated new avenues for expansion and increased technology adoption. Rich Crawford, the President & CEO of IGS, acknowledged how JFLCO's support played a crucial role in enhancing IGS's offerings to serve clients across over 60 countries.
The Impact of IGS and Future Prospects
Kevin Vallès, an IGS Director and Principal at JFLCO, emphasized the team's commitment to innovation and excellence, which has led to IGS's success during their tenure. He shared confidence in the team’s ability to continue delivering exceptional value to clients and adapting to market demands with their new partners at American Securities.
The Role of Advisors
In this significant transition, Houlihan Lokey served as the lead financial advisor to IGS, while Stifel took on the role of co-advisor. Jones Day provided legal counsel for IGS, while American Securities benefitted from the financial expertise of Harris Williams and the legal guidance of Kirkland & Ellis.
About J.F. Lehman & Company
Founded in 1992, J.F. Lehman & Company dedicates itself to investing exclusively in sectors like aerospace, defense, maritime, and environmental industries. With offices located in strategic cities, such as New York and Washington, D.C., JFLCO continues to make substantial contributions in these critical fields. Their proactive approach and strategic partnerships ensure they remain at the forefront of these industries.
Frequently Asked Questions
What was the recent transaction involving J.F. Lehman & Company?
J.F. Lehman & Company has completed the sale of Integrated Global Services, Inc. to American Securities, marking a significant move in their strategic growth.
What does Integrated Global Services provide?
IGS specializes in asset integrity solutions and offers advanced technologies that enhance operational efficiency and reduce environmental impacts.
Who were the key leaders involved in this transaction?
Key leaders included Alex Harman, Chairman of IGS, and Rich Crawford, President & CEO of IGS, who both acknowledged the successful partnership with JFLCO.
What role did advisors play in this sale?
Advisors like Houlihan Lokey and Stifel were integral in facilitating the sale, ensuring that all strategic aspects were well-managed throughout the process.
How does J.F. Lehman & Company plan to continue its growth?
JFLCO aims to leverage strategic partnerships and focus on investment opportunities in essential sectors such as aerospace and defense, driving future growth.
