Trident Maritime Systems Announces Definitive Agreement to Acquire Callenberg Technology Group

News provided by

Aug 15, 2016, 12:42 ET

NEW YORK, Aug. 15, 2016 /PRNewswire/ -- Trident Maritime Systems ("Trident"), a portfolio company of J.F. Lehman & Company ("JFLCO"), is pleased to announce that it has signed a definitive agreement to acquire Callenberg Technology Group ("Callenberg" or the "Company") from Wilhelmsen Maritime Services AS.

Callenberg designs, assembles, integrates, and supports HVAC, electrical energy management, and insulation systems for commercial and government vessels around the world. The Company is headquartered in Gothenburg, Sweden and employs approximately 900 employees in 14 countries.

Trident is a leading independent provider of turnkey marine joiner, distributed, electro-mechanical, and power, propulsion and control systems and solutions for government and commercial customers both in the U.S. and internationally.

Tom Eccles, Chief Executive Officer of Trident, said, "We are very pleased to welcome Callenberg and its employees to the Trident family. The addition of Callenberg adds a highly complementary set of systems and capabilities to the Trident platform which will ultimately allow us to better serve our customers. This acquisition also significantly strengthens our presence internationally and improves our ability to support our global customers."

Completion of the sale is expected to take place later in 2016.

About J.F. Lehman & Company, Inc.

Founded in 1992, 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.

Logo - http://photos.prnewswire.com/prnh/20091221/NY29520LOGO

SOURCE J.F. Lehman & Company