J.F. Lehman & Company Facilitates Strategic Sale of GMG

Strategic Move by J.F. Lehman & Company
J.F. Lehman & Company (JFLCO), a key player in the middle-market private equity space, has successfully completed the sale of Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF). This strategic move marks a significant chapter in the history of both companies, emphasizing growth and operational excellence in critical sectors including aerospace and maritime.
Global Marine Group's Legacy
For over 170 years, Global Marine Group has been a trusted provider of subsea telecom maintenance and installation services. With a strong presence in the telecommunications market, GMG focuses on maintaining essential undersea networks that support global communications. The company's headquarters are located in the United Kingdom, from where it operates to serve a wide array of customers worldwide.
Transformation Under J.F. Lehman & Company
Since JFLCO acquired GMG in 2020, there has been a concerted effort to refine the company's focus on its core telecom market. By enhancing operational efficiencies and strengthening customer relationships, GMG is now recognized as a premier independent provider of essential maintenance and installation services within the subsea telecom industry.
CEO's Insights on the Acquisition
Bruce Neilson-Watts, the CEO of GMG, highlighted the strengths revealed through this transaction. He noted that the restructuring and focus on their core telecom market have poised GMG for enduring growth during a period of heightened demand for undersea communication solutions. This growth aligns with the broader market trends where robust telecom infrastructure is crucial.
Partnership Achievements
Alex Harman, Chairman of GMG's Board and partner at JFLCO, praised the partnership with GMG's management team. He emphasized the importance of their collaborative efforts in transforming GMG into a more focused and successful enterprise within the telecom space.
Anticipated Growth with KIF
With the transition to KIF, GMG anticipates a new phase of growth. Will Hanenberg, a director on GMG's board, stated that there is considerable pride in what has been achieved thus far, noting the increasing demand for secure undersea communication infrastructures. His outlook for GMG’s partnership with KIF is optimistic, expecting them to play a pivotal role in the company's future developments.
Evercore's Advisory Role
As part of this significant transaction, Evercore acted as the exclusive financial advisor to JFLCO. Legal advisement was ably provided by Jones Day and Blank Rome, ensuring that the sale was conducted with due diligence and strategic oversight.
About J.F. Lehman & Company
Established in 1992, J.F. Lehman & Company specializes in investing within the aerospace, defense, maritime, and environmental sectors. With offices in major cities like New York and Washington, D.C., the firm remains a distinct leader in strategic private equity investments across crucial industries.
Frequently Asked Questions
What does the sale of Global Marine Group signify?
The sale demonstrates a strategic shift for GMG, positioning it for growth under Keppel Infrastructure Fund.
How long has Global Marine Group been operational?
Global Marine Group has a rich history that dates back to 1850.
Who was involved in the advisory for the transaction?
Evercore served as the financial advisor, with legal advice from Jones Day and Blank Rome.
What areas does J.F. Lehman & Company focus on?
JFLCO specializes in aerospace, defense, maritime, and environmental sectors.
What impact will KIF have on GMG?
KIF is expected to support GMG in achieving its ambitious growth targets in the telecom sector.
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