J.F. Lehman & Company (JFL) has announced the completion of the sale of Atlantic Marine Holding Company (Atlantic Marine) to a subsidiary of BAE Systems.
UK’s BAE Systems has entered into a definitive agreement to acquire Atlantic Marine Holding Company from JFL-AMH Partners, LLC, a portfolio company of the private equity firm J.F. Lehman for a cash consideration of $352 million.
BAE Systems has held talks with Atlantic Marine on acquiring the ship repair company with operations in Jacksonville, USA, according to The Financial Times.
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