US Joiner Announces Acquisition of JCI Metal Products, Inc.
NEW YORK, Dec. 31, 2012 /PRNewswire/ -- Affiliates of US Joiner ("US Joiner") announced today the acquisition of JCI Metal Products, Inc. ("JCI"). JCI is a leading provider of maintenance, repair and overhaul ("MRO") services focusing on habitability, fabrication, electrical and piping solutions to U.S. Navy vessels. JCI is headquartered in San Diego, CA with additional operations in Pearl Harbor, HI. The acquisition will enable US Joiner to further establish its position in the U.S. Navy MRO market and expand its footprint in the Pacific.
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 also has existing facilities in San Diego. US Joiner employs approximately 500 employees across the United States.
Joe Mullen, President of US Joiner, said, "The acquisition of JCI marks an exciting new step for US Joiner. We are pleased to welcome the outstanding management and employees of JCI to the US Joiner family. The addition of JCI's capabilities and strong customer relationships in the U.S. Navy MRO market allows us to take the next step in expanding our joiner capabilities in this vital segment of the industry."
Marcel Becker, one of the former owners of JCI, will continue to lead the JCI operations of US Joiner as its General Manager. Mr. Becker stated, "We are excited about the partnership with US Joiner and the opportunities the combined operations create. With this combination, we will be able to offer a more diverse solution to our customers."
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 exclusively on the defense, aerospace, and maritime sectors. The firm has offices in New York and Washington.
For more information about J.F. Lehman & Company, please visit www.jflpartners.com.
SOURCE J.F. Lehman & Company