marine products

US Joiner, a manufacturer of marine interiors and a portfolio company of J.F. Lehman & Company, has acquired Infinity Offshore Marine, a provider of marine joiner services. The acquisition will enable US Joiner to further establish its position in the offshore oil and gas market segment and provides the company with a presence in Brazil.

“The addition of Infinity’s capabilities and customer relationships in the offshore oil and gas market fits perfectly with our strategy to expand our joiner capabilities in this large and growing segment of the industry,” said Joe Mullen, President of US Joiner.

Infinity Marine designs, builds and renovates living quarters and accommodations for the marine and oil industry. Services include design, engineering, scheduling, procurement, fabrication, supervision, installation, and testing. The company is based in Houston with additional offices in Galveston and Brownsville, TX; Pascagoula, MS; and Agra Dos Reis, Brazil (www.infinitymarine.com)

US Joiner installs and outfits marine interiors of large oceangoing vessels for U.S. Government and commercial customers. The company was acquired in June 2011 by J.F. Lehman & Company. US Joiner has approximately 500 employees and is headquartered in Crozet, VA (www.usjoiner.com).

Former Infinity Marine owners Lloyd Burris and Ray Coats will lead the new Infinity Marine Offshore division of US Joiner. US Joiner will operate its Southwest division from Infinity’s Houston office and the division will be run by Mr. Burris and Mr. Coats. Mr. Burris has been named General Manager of US Joiner Southwest and Mr. Coats has been named Division Manager of US Joiner Southwest.

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).

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-4-12

US Joiner, a manufacturer of marine interiors and a portfolio company of J.F. Lehman & Company, has acquired certain assets from Maritime Services Corporation.

This acquisition will enable US Joiner to further establish its presence in the Pacific Northwest marine marketplace by establishing a regional office with manufacturing capabilities.

Maritime Services Corporation (MSC) was founded in 1986 as a ship interior joiner contractor. Products and services include complete ship interior outfitting, case work and mill work manufacturing, marine interior design and marine electrical. Customers include ship owners and operators from all sectors of the maritime industry including cruise ships, tankers, tugs, offshore accommodations, fishing vessels, research vessels, ferries, military ships and gaming vessels worldwide. The company is based in Hood River, OR (www.mscor.com).

US Joiner installs and outfits marine interiors of large oceangoing vessels for U.S. Government and commercial customers. US Joiner was acquired in June 2011 by J.F. Lehman & Company. The company has approximately 500 employees and is headquartered in Crozet, VA (www.usjoiner.com).

“The purchase of these assets from MSC is an excellent addition to US Joiner and a highly complementary fit. We look forward to expanding our presence and capabilities in the Pacific Northwest to better serve our existing customers as well as the broader marine marketplace in this region. In addition, the cruise market expertise that comes with this acquisition will grow our presence in this large and expanding industry sector,” said Joe Mullen, President of US Joiner.

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 F. 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).

© 2012 PEPD • Private Equity’s Leading News Magazine • 10-1-12