US Joiner Announces Purchase of Certain Assets from Maritime Services Corporation

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Sep 28, 2012, 11:34 ET

NEW YORK, Sept. 28, 2012 /PRNewswire/ -- Affiliates of US Joiner ("US Joiner") announced today the completion of the purchase of certain assets from Maritime Services Corporation ("MSC"). This acquisition will enable US Joiner to further establish its presence in the Pacific Northwest marine marketplace by establishing a regional office with manufacturing capabilities and demonstrates its strong commitment to this region and its customers.

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US Joiner is the leading independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers. Headquartered in Crozet, VA, the company employs approximately 500 employees across the United States.

Joe Mullen, President of US Joiner, said, "The purchase of these assets from MSC is an excellent addition to US Joiner and a highly complementary fit. We look forward to expanding our presence and capabilities in the Pacific Northwest to better serve our existing customers as well as the broader marine marketplace in this region. In addition, the cruise market expertise that comes with this acquisition will grow our presence in this large and expanding industry sector."

US Joiner was acquired in June 2011 by J.F. Lehman & Company, a leading middle-market private equity firm focused on the maritime, defense, and aerospace sectors.

Feil, Pettit & Williams, PLC provided legal counsel to US Joiner.

About J.F. Lehman & Company
J.F. Lehman & Company is a leading middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors. The firm has offices in New York and Washington, D.C.

For more information about J.F. Lehman & Company, please visit www.jflpartners.com.

SOURCE J.F. Lehman & Company