J.F. Lehman Acquires Aeronautical & GI Holdings
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J.F. Lehman Acquires Aeronautical & GI Holdings

AGI and Hoffman nf1J.F. Lehman & Company has acquired Aeronautical & GI Holdings and its wholly owned subsidiaries Aeronautical & General Instruments Limited (AGI) and Hoffman Engineering Corporation (Hoffman) (collectively, AGI Holdings).

AGI Holdings is a provider of sensor and lighting systems for naval vessels, military and commercial aircraft and military ground vehicles. The company’s core product lines include naval visual landing systems, wind and speed sensor systems for naval and aviation applications, expeditionary airfield lighting, aircraft and ground vehicle lights, and night vision test equipment. AGI has an office in Poole, UK (www.agiltd.co.uk) and Hoffman Engineering is based in Stamford, CT (www.hoffmanengineering.com).

steve brooks nf1“AGI Holdings provides a differentiated portfolio of highly engineered sensor and lighting products and has an exceptional track record of quality and performance,” said Steve Brooks, Partner at J.F. Lehman.  “The company’s best-in-class offerings have resulted in diversified, long-standing positions with leading military and commercial customers on many platforms worldwide. We are looking forward to partnering with management to drive further success and capitalize on new growth opportunities.”

J.F. Lehman & Company is a middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm was founded by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has made investments in companies with an aggregate transaction value of approximately $1.6 billion. The firm was founded in 1992 and is headquartered in New York with additional offices in Washington, DC and London (www.jflpartners.com).

Debt financing for the transaction was arranged by BNP Paribas.  Jones Day provided legal counsel to J.F. Lehman & Company.  Miller & Chevalier advised in the area of government contracting and import & export compliance.

© 2014 PEPD • Private Equity’s Leading News Magazine • 8-27-14

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