J.F. Lehman & Company Announces Acquisition of Wrist

Whats Happening:

J.F. Lehman & Company (JFLCO) has acquired a majority shareholding in W.S.S. Holding A/S and its subsidiaries (Wrist). The fund will partner with Wrist's current sponsor, Altor Equity Partners, and the company's management team, who will remain significant shareholders. Wrist is a global leader in marine supply, logistics, and budget management services for the maritime industry.

Key Moves:

• JFLCO acquires majority stake in Wrist, a global marine supply and logistics leader

• Altor Equity Partners and Wrist's management team remain significant shareholders

• JFLCO aims to support Wrist's growth ambitions and long-term success

By The Numbers:

• Wrist employs 2,275 people

• Wrist operates across more than 35 locations

• Wrist serves more than 750 ports globally

Key Quotes:

• "Wrist has built a world-class reputation for simplifying the maritime supply chain through its integrated, end-to-end service offerings and efforts to lead the digitization of this sector," said Alex Harman, Partner at JFLCO.

• "We look forward to leveraging their experience and support as we continue our legacy of delivering exceptional, innovative services to customers around the world," commented Jens Holger Nielsen, Group CEO of Wrist.

Bottom Line:

J.F. Lehman & Company's acquisition of Wrist strengthens its position in the maritime industry. The fund's expertise and resources are expected to accelerate Wrist's growth and innovation in marine supply chain services. This partnership aims to enhance Wrist's global reach and technological capabilities in the maritime logistics sector.

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