J.F. Lehman & Company Completes Sale of Global Marine Group

Whats Happening:

J.F. Lehman & Company (JFLCO) has sold Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF). GMG, a leading provider of subsea telecom maintenance and installation services, was acquired by JFLCO in 2020. Under JFLCO's ownership, GMG refocused on its core telecom market, optimized operations, enhanced service offerings, and strengthened customer relationships, becoming the leading independent provider in the subsea telecom industry.

Key Moves:

• JFLCO sells Global Marine Group to Keppel Infrastructure Fund

• GMG refocused on core telecom market under JFLCO ownership

• GMG became leading independent provider in subsea telecom industry

By The Numbers:

• GMG's legacy dates back to 1850

• JFLCO acquired GMG in 2020

• GMG now serves a diverse base of customers worldwide

Key Quotes:

• "Our successful partnership with management has transformed Global Marine Group into a focused, growing enterprise, playing an essential role in global telecom infrastructure," - Alex Harman, Chairman of GMG's Board of Directors and Partner at JFLCO

• "This transaction reflects the strength of our market position, operational expertise, and dedicated team." - Bruce Neilson-Watts, Chief Executive Officer of GMG

• "We are incredibly proud of the work Bruce and his team have done to make GMG a leader in safeguarding the world's critical subsea communications infrastructure," - Will Hanenberg, member of GMG's Board of Directors and Managing Director at JFLCO

Bottom Line:

J.F. Lehman & Company's successful sale of Global Marine Group demonstrates the fund's ability to create value through strategic focus and operational improvements. The transaction positions GMG for continued growth in the critical subsea telecom infrastructure sector under new ownership, while showcasing JFLCO's expertise in transforming and exiting investments in the maritime and telecommunications industries.

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