|By PR Newswire||
|April 21, 2014 01:50 PM EDT||
NEW YORK, April 21, 2014 /PRNewswire/ -- Affiliates of USJ-IMECO Holding Company, LLC ("USJ-IMECO"), a portfolio company of J.F. Lehman & Company ("JFLCO"), today announced the acquisition of Robichaux Automation and Control, Inc. ("RAACI" or the "Company"). RAACI designs, assembles and integrates electrical, control and automation systems for commercial and government vessels. The Company's core systems and product offerings include a range of proprietary ship control, alarm, monitoring, propulsion, switchboard and power management systems as well as other advanced marine technologies. The Company is headquartered just outside New Orleans, LA.
USJ-IMECO is a leading independent provider of turnkey marine joiner, distributed and electro-mechanical systems and solutions for government and commercial customers involved in new ship construction and vessel maintenance, repair and overhaul. Headquartered in Crozet, VA and Iron Mountain, MI, the company employs approximately 600 people across the United States. USJ and IMECO were acquired by J.F. Lehman & Company in 2011 and 2012, respectively, and later combined into a single platform that has completed five strategic acquisitions adding both capability and geographic reach.
Tom Eccles, Chief Executive Officer of USJ-IMECO, said, "We are very pleased to welcome RAACI and its employees to the USJ-IMECO family. The addition of RAACI adds a highly complementary set of engineered electrical, control and automation solutions and capabilities to the USJ-IMECO platform which will ultimately allow us to better serve our customers. This acquisition also strengthens our presence in the U.S. Gulf Coast region and improves our ability to support shipyards serving the oil and gas market."
Former owners Trudy and Dennis Robichaux will continue to play key roles leading the RAACI division of USJ-IMECO. Mr. Robichaux stated, "Trudy and I believe the combination of USJ-IMECO and RAACI is in the best interest of our employees and our customers. We've found a true business partner in USJ-IMECO and JFLCO with extremely deep contacts and resources in the markets we serve."
Blank Rome and Jones Day provided legal counsel to USJ-IMECO.
About J.F. Lehman & Company, Inc.
J.F. Lehman & Company is a leading middle-market private equity firm focused primarily on the maritime, defense, and aerospace sectors.
For more information about J.F. Lehman & Company, please visit www.jflpartners.com.
SOURCE J.F. Lehman & Company
Sep. 29, 2016 06:00 AM EDT Reads: 2,664
Sep. 29, 2016 06:00 AM EDT Reads: 516
Sep. 29, 2016 06:00 AM EDT Reads: 2,747
Sep. 29, 2016 05:45 AM EDT Reads: 1,046
Sep. 29, 2016 05:45 AM EDT Reads: 1,500
Sep. 29, 2016 05:30 AM EDT Reads: 2,946
Sep. 29, 2016 05:30 AM EDT Reads: 1,144
Sep. 29, 2016 05:15 AM EDT Reads: 1,242
Sep. 29, 2016 05:00 AM EDT Reads: 1,634
Sep. 29, 2016 04:45 AM EDT Reads: 1,797
Sep. 29, 2016 04:30 AM EDT Reads: 4,678
Sep. 29, 2016 04:00 AM EDT Reads: 1,813
The Transparent Cloud-computing Consortium (abbreviation: T-Cloud Consortium) will conduct research activities into changes in the computing model as a result of collaboration between "device" and "cloud" and the creation of new value and markets through organic data processing High speed and high quality networks, and dramatic improvements in computer processing capabilities, have greatly changed the nature of applications and made the storing and processing of data on the network commonplace.
Sep. 29, 2016 04:00 AM EDT Reads: 1,211
We’ve been doing it for years, decades for some. How many websites have you created accounts on? Your bank, your credit card companies, social media sites, hotels and travel sites, online shopping sites, and that’s just the start. We do it often without even thinking about it, quickly entering our personal information, our data, in a plethora of systems. Sometimes we’re not even aware of the information we are providing. It could be very personal information (think of the security questions you ...
Sep. 29, 2016 03:45 AM EDT Reads: 4,823
SYS-CON Events announced today that ReadyTalk, a leading provider of online conferencing and webinar services, has been named Vendor Presentation Sponsor at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. ReadyTalk delivers audio and web conferencing services that inspire collaboration and enable the Future of Work for today’s increasingly digital and mobile workforce. By combining intuitive, innovative tec...
Sep. 29, 2016 03:30 AM EDT Reads: 3,033