An investment affiliate of J.F. Lehman and Company (JFLCO), a New York-based aerospace and defense-focused private equity firm, has announced the acquisition of Virginia-based Integrated Global Services, Inc. to strengthen growing portfolio of companies in the environmental and technical services sector, the company said.
Terms of the transaction were not disclosed. Debt financing for the transaction was provided by Benefit Street Partners.
The acquisition represents the first platform investment by JFLCO´s latest fund, JFL Equity Investors V, L.P.
Jones Day served as legal counsel for J.F. Lehman and company. Harris Williams served as financial advisor to IGS and Kirkland and Ellis LLP provided legal counsel to the selling shareholders.