J.F. Lehman & Company (JFLCO) has acquired Global Marine Group, a provider of specialized marine engineering services, from publicly traded HC2. Global Marine Group (GMG) is a provider of subsea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. The company owns and operates a fleet of specialized marine equipment…...
Archives for March 2, 2020
BV Closes on More Than $1 Billion
BV Investment Partners has held a first and final close of BV Investment Partners Fund X LP (Fund X) at its hard cap of $1.1 billion. The new fund’s original target was $1 billion. Fund X’s investor base includes mostly existing investors from a range of foundations, public and corporate pension plans, financial institutions, family…...
Blue Sea Sells NSi to Odyssey
Blue Sea Capital has sold NSi Industries, an electrical components distributor, to Odyssey Investment Partners. NSi is a supplier of more than 4,000 SKUs of electrical connectors, fittings, control and wire management products for used in construction, maintenance and repair applications. Company-owned brands include Polaris insulated connectors; Bridgeport bushings, seals and connectors; TORK switches, timers…...
Consortium Carves Elevator Business from Thyssenkrupp
Advent International, Cinven, and RAG-Stiftung (collectively the Buyers) have agreed to acquire Thyssenkrupp’s elevator technology business (Thyssenkrupp Elevator). As part of the transaction, Thyssenkrupp will reinvest in Thyssenkrupp Elevator and will have a minority interest in the company. Thyssenkrupp Elevator is a provider of elevator equipment and systems including passenger and freight elevators, escalators and…...
