J.F. Lehman Adds to Trident Maritime

Trident Maritime Systems, a portfolio company of J.F. Lehman & Company, has acquired Newsystem SRL.

Newsystem is a provider of outfitting systems and services for new cruise ship construction. The company is based near Bergamo, Italy and operates in shipyards throughout Italy.

Trident Maritime Systems was formed by J.F. Lehman in 2012 through the combination of US Joiner (acquired in June 2011) and IMECO (acquired in December 2012). The company’s services include the design, engineering and installation of nearly all aspects of a ship’s interior as well as various systems including HVAC, cargo handling, electric steering, propulsion, communication, navigation and fire suppression.

Most of the services provided by Trident are for new ship construction, retrofit and repair activities for both government and commercial customers. The company has approximately 625 employees and is headquartered near Charlottesville in Crozet, VA (www.tridentmaritimesystems.com).

“Since our acquisition of the company, Trident has demonstrated strong growth by diversifying and expanding its specialized systems and solutions offering and geographic footprint.  Newsystem is Trident’s seventh add-on acquisition and represents another successful step in executing this element of Trident’s strategy,” said Alex Harman, Partner at J.F. Lehman & Company.

J.F. Lehman & Company is a middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm was founded in 1992 by Dr. John Lehman, who served six years as Secretary of the United States Navy. To date, J.F. Lehman has acquired 64 operating entities within 25 platform investments with an aggregate transaction value of approximately $3.1 billion. The firm is headquartered in New York with an additional office in Washington, DC (www.jflpartners.com).

© 2018 Private Equity Professional | June 5, 2018