Drew Marine, a portfolio company of J.F. Lehman, has acquired Alexander/Ryan Marine & Safety and Sea Technology.
Alexander/Ryan is a manufacturer, distributor and safety certification provider for the Offshore and Marine industries. The company is a distributor of some of the best known equipment manufacturers as well as a certified service facility for a variety of rescue and survival craft. Alexander/Ryan also provides technical services, inspections and field certification for a range of systems found in Offshore and Marine applications. The company is headquartered in Houston with operations in New Orleans and New Iberia, LA. The company was founded in 1963 (www.alexanderryan.com).
“Drew Marine continues to make significant strides in expanding its fire, safety & rescue suite of capabilities,” said Louis Mintz, a J.F. Lehman & Company partner. “Alexander/Ryan exhibits many of the attributes J.F. Lehman & Company seeks in acquisition candidates – a leading market position, blue-chip customer base and a strong reputation for quality and performance. This is yet another milestone for Drew Marine as it continues to pursue new opportunities for growth.”
Drew Marine is a provider of services to the marine industry and specializes in water treatment, fire, safety & rescue, cleaning & coatings, fuel management, welding & refrigeration and sealing products. Drew Marine was acquired by J.F. Lehman & Company in 2009. The company is based in Whippany, NJ (www.drew-marine.com).
Senior debt financing for the acquisition was arranged by BNP Paribas Securities as sole lead arranger.
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).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-5-13
