US Joiner Announces Acquisition of Infinity Marine Offshore
NEW YORK, Oct. 3, 2012 /PRNewswire/ -- Affiliates of US Joiner ("US Joiner") announced today the acquisition of Infinity Offshore Marine, LLC ("Infinity"). Infinity is a leading provider of turnkey marine joiner solutions to the offshore oil and gas market. The company's headquarters is in Houston, TX and it has operations in Brazil. This acquisition will enable US Joiner to further establish its position in the offshore oil and gas market segment and provide it a presence in Brazil.
US Joiner is the leading independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers. Headquartered in Crozet, VA, the company employs approximately 500 employees across the United States.
Joe Mullen, President of US Joiner, said, "On behalf of all of our employees, I am extremely pleased to formally welcome the outstanding management and employees of Infinity to the US Joiner family. 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."
Former owners Lloyd Burris and Ray Coats will continue to lead the 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. Mr. Burris stated, "By aligning our company with US Joiner, the Infinity business can continue to expand and improve our service to the oil and gas market. The combined operations of our two companies offer a diverse, high quality joiner solution to our customers. Ray and I are excited for our people to join the US Joiner family."
US Joiner was acquired in June 2011 by J.F. Lehman & Company, a leading middle-market private equity firm focused on the maritime, defense, and aerospace sectors.
Blank Rome LLP and Feil, Pettit & Williams, PLC provided legal counsel to US Joiner.
About J.F. Lehman & Company
J.F. Lehman & Company is a leading middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm has offices in New York and Washington, DC.
For more information about J.F. Lehman & Company, please visit www.jflpartners.com.
SOURCE J.F. Lehman & Company