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Private equity firm JF Lehman buys UK-based Aeronautical & GI Holdings

27 Aug 2014

plane-overhead-357020-mMid-market-focused JF Lehman & Company has bought Aeronautical & GI Holdings and its two subsidiaries.

The buyout house, which focuses on defence, aerospace and maritime sectors, takes on AGI’s wholly-owned Aeronautical & General Instruments Limited and Hoffman Engineering Corporation as part of the deal.

UK-based AGI provides proprietary situational awareness and LED lighting systems for naval vessels, military and commercial aircraft and military ground vehicles.

JF Lehman partner Steve Brooks said, “AGI Holdings provides a differentiated portfolio of highly engineered sensor and lighting products and has an exceptional track record of quality and performance.

“The company’s best-in-class offerings have resulted in diversified, long-standing positions with leading military and commercial customers on many platforms worldwide.”

JF Lehman’s website lists a total of 19 exited and existing portfolio companies and says it has invested $1.6bn worth of equity to date.

The firm sold its stake in marine water treatment company Drew Marin in December 2013.

Earlier this year AltAssets reported that JF Lehman hired international maritime law and regulation expert Thomas Dyer to its operating executive board.

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