J.F. Lehman & Company Sells Global Marine Group to Keppel Infrastructure Fund
J.F. Lehman & Company (JFLCO), a middle-market private equity firm, has announced the sale of Global Marine Group (GMG) to Keppel Infrastructure Fund (KIF). This transaction marks a significant milestone for GMG, a leading provider of subsea telecom maintenance and installation services with a rich history dating back to 1850.
Headquartered in the United Kingdom, GMG has built a reputation for delivering high-reliability solutions that support mission-critical global communications infrastructure. The company serves a diverse customer base and is known for its expertise in ensuring the integrity and performance of undersea networks worldwide.
Under the ownership of JFLCO, GMG has undergone a transformation, focusing on strategic growth and operational excellence. Alex Harman, Chairman of GMG’s Board of Directors and Partner at JFLCO, expressed confidence in the company’s market position and operational capabilities, stating, “Our successful partnership with management has transformed Global Marine Group into a focused, growing enterprise, playing an essential role in global telecom infrastructure.”
Terms of the transaction with Keppel Infrastructure Fund were not disclosed, but both parties are optimistic about the future prospects of GMG. Bruce Neilson-Watts, Chief Executive Officer of GMG, highlighted the company’s readiness to capitalize on the growth opportunities in the telecom market, stating, “JFLCO’s support in refining our strategy has enabled us to cement our focus on our core telecoms market that is currently experiencing a period of unprecedented growth, which GMG is well placed to support. We are excited to build on our successes with our new partners at KAIF.”
This acquisition underscores the strength and potential of GMG as it continues to play a vital role in the evolution of global communications infrastructure. With Keppel Infrastructure Fund as its new partner, GMG is well-positioned to embark on the next phase of its growth journey, delivering innovative solutions and driving value for its customers.