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American private equity takes over leading ship supplier

Energy News Beat

AmericasOperations

J.F. Lehman & Company (JFLCO), a US private equity firm, has bought ship supplies specialist Wrist from Altor Fund II (Altor). No price has been revealed for the acquisition.

“Wrist is an outstanding fit with our investment strategy. Its strong positioning with blue-chip customers, differentiated logistics capabilities and innovative digital solutions are transforming the maritime supply chain,” said Will Hanenberg, managing director at JFLCO and the new chairman of Wrist.

Over the past 17 years, Wrist has grown fivefold, the company stated yesterday, with a global market share of about 12%.

The post American private equity takes over leading ship supplier appeared first on Energy News Beat.

 

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