BAE looking to buy Atlantic Marine

MOSS POINT — 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 & Company, for a cash consideration of $352 million.

Atlantic Marine is a privately held vessel maintenance, repair, overhaul and conversion, marine fabrication and ship construction services provider with operations at Moss Point, Mayport and Jacksonville, Fla., and Mobile, Ala.

Atlantic Marine employs approximately 1,000 people and will become part of BAE Systems’ Ship Repair business. The acquisition will complement BAE Systems’ existing ship repair and upgrade capabilities to further serve the U.S. Navy and other maritime customers.

The proposed acquisition is conditional, among other things, upon receiving certain U.S. regulatory approvals and is expected to close in the third quarter of 2010.

[RSS Feed] []

To sign up for Mississippi Business Daily Updates, click here.

One Response to “BAE looking to buy Atlantic Marine”

  1. BAE looking to buy Atlantic Marine – Mississippi Business Journal | AEC Media Says:

    [...] Read more: BAE looking to buy Atlantic Marine – Mississippi Business Journal [...]




Twang & Tourism: The Country Music Trail

Our annual "Come See Us" magazine offers ideas for spots in Mississippi ranging from golf to culture to history to food. Click the photo for ideas, stories and access to the digital edition of this year's magazine.

Top Posts & Pages

%d bloggers like this: