J.F. Lehman & Company (JFLCO), a middle-market private equity firm, has announced the sale of Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF). GMG, with a history dating back to 1850, is a key player in providing subsea telecom maintenance and installation services that support critical global communications infrastructure. Based in the UK, the company offers reliable solutions to a diverse customer base, ensuring the integrity and performance of undersea networks worldwide. The terms of the transaction with KIF have not been disclosed.
According to Alex Harman, Chairman of GMG’s Board of Directors and Partner at JFLCO, the partnership with management has led to the transformation of Global Marine Group into a focused and growing enterprise that plays a vital role in global telecom infrastructure. Bruce Neilson-Watts, Chief Executive Officer of GMG, also expressed excitement about the transaction, highlighting the company’s market position, operational expertise, and dedicated team. He credited JFLCO’s support in refining their strategy, enabling them to focus on the core telecoms market amidst unprecedented growth.
The successful sale of GMG reflects the company’s strength in the market and its ability to adapt to changing industry dynamics. With a renewed focus on the telecoms sector, GMG is well-positioned to support the growing demand for reliable communication infrastructure. The partnership with Keppel Infrastructure Fund (KIF) is expected to further enhance GMG’s capabilities and drive continued success in the industry.
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