AGI, a portfolio company of J.F. Lehman & Company, has acquired Aish Technologies, a provider of ruggedized display systems used to protect displays in military and industrial applications.
Aish Technologies provides ruggedized display systems, electronic cabinets, cathodic protection systems and other subsystems for the UK and US navies, as well as other global defense and commercial customers. The company has a headquarters and manufacturing facility in Poole, UK (www.aishtechnologies.com).
AGI was acquired by J.F. Lehman in August 2014 through the acquisition of Aeronautical & GI Holdings and its wholly owned subsidiaries Aeronautical & General Instruments Limited and Hoffman Engineering Corporation. In August 2016, AGI completed the add-on acquisition of Aircraft Appliance and Equipment, a provider of naval filtration systems, marine valves and tachometer generators for the US, Canadian and other global defense departments.
Today, AGI 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), Hoffman Engineering is based in Stamford, CT (www.hoffmanengineering.com), and Aircraft Appliance and Equipment is based in Brampton, ON (www.aaeltd.com).
“AGI offers its global naval customer base a differentiated portfolio of mission critical situational awareness, filtration and other related products and services. We are excited to expand the breadth of that offering with Aish’s leading edge cathodic protection systems, as well as it ruggedized system offering in support of critical on-board communication and combat applications,” said Steve Brooks, Chairman of AGI and a Partner at J.F. Lehman.
J.F. Lehman & Company 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 an additional office in Washington, DC (www.jflpartners.com).
Investment bank Lincoln International (www.lincolninternational.com) was the financial advisor to AGI.
© 2017 Private Equity Professional | August 4, 2017
