J.F. Lehman & Company has signed a definitive agreement with Oldenburg Group Incorporated to acquire its Heavy Equipment Group, the company said.
The acquisition includes both its defense and mining business units. In a return to its roots dating back to 1858, the new company will be named Lake Shore Systems, Inc. The acquisition will represent JFLCO´s 25th sponsored platform investment since the firm´s inception.
Lake Shore designs, engineers, manufactures and supports complex, heavy equipment systems to meet mission critical requirements in harsh operating environments, including large deck handling equipment, access and lifting systems for US Government vessels and customized underground mining equipment for mine owners and operators around the world.
Founded in 1992, J.F. Lehman & Company is a leading middle-market private equity firm focused exclusively on the defense, aerospace, and maritime sectors.