Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide

Security

JFLCO to acquire Global Marine Group

Middle-market private equity firm J.F. Lehman & Company (JFLCO), which is focused exclusively on the aerospace, defence, maritime, government and environmental sectors, has announced that an investment affiliate has signed a definitive agreement to acquire Global Marine Group (GMG), headquartered in Chelmsford, Essex, UK.

Above: Global Marine Group's Safety, Security and Environmental Management System (SSEMS), which helps to ensure the safety and operational excellence of its people and assets, as well as to safeguard the environment.
Global Marine Group

With a legacy dating to 1850, Global Marine Group is a leading provider of subsea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. GMG owns and operates a highly specialised fleet of marine equipment and vessels, including three cable installation and repair vessels, four cable maintenance vessels and 19 crew transfer vessels, enabling the Company to provide its suite of highly technical offshore engineering services quickly and effectively to customers anywhere in the world.

Advertisement
Gulfstream RT

"Global Marine Group has been a market leading provider of critical marine services for decades and is an exciting addition to the JFLCO portfolio of companies," said Alex Harman, a Partner with JFLCO. "The Company's strong market positions, comprehensive suite of unique services and assets, and talented workforce align well with our investment strategy." Will Hanenberg, a Principal at JFLCO added, "We believe the Company has significant opportunities for growth in its core telecommunications and offshore wind markets, and we look forward to supporting the Global Marine Group team as it executes its exciting vision for the future."

Dick Fagerstal, Chairman of Global Marine Group commented, "I believe JFLCO is an excellent partner for GMG to help facilitate the next phase of our growth. Together with Ian Douglas, CEO of GMG, and the rest of the Global Marine Group management team, we look forward to leveraging JFLCO's extensive maritime experience and considerable capital base in further developing GMG's core business in the telecommunication and offshore wind markets."  Ian Douglas added, "Additionally, we are excited about the prospect of developing new investment opportunities in related service areas while continuing to deliver high quality subsea solutions to our global customer base."

The agreement, which is subject to customary closing conditions, is expected to close in the first quarter of 2020.

Advertisement
DSEI 2025

Debt financing for the transaction was provided by Deutsche Bank. Winchester Capital served as financial advisor to JFLCO and Jones Day (lead counsel) and Blank Rome (maritime) provided legal advice. Deutsche Bank and ABN AMRO served as financial advisor to Global Marine Group and Hogan Lovells provided legal counsel.

 

Advertisement
Babcock LB
UK and France agree scheme to address illegal Channel crossings

Security

UK and France agree scheme to address illegal Channel crossings

11 July 2025

The Prime Minister Keir Starmer and French President Emmanuel Macron, have agreed a scheme to address illegal Channel crossings and dismantle the people smuggling networks.

IFS appoints Kriti Sharma as CEO of Nexus Black

Aerospace Security

IFS appoints Kriti Sharma as CEO of Nexus Black

11 July 2025

IFS has appointed Kriti Sharma as CEO of IFS Nexus Black. This strategic move reinforces IFS’s commitment to industrial AI and fast-tracks the development of agentic AI systems designed for the asset- and service-intensive industries it serves.

Met makes arrest milestone using LFR

Security

Met makes arrest milestone using LFR

10 July 2025

More than 1,000 wanted criminals have now been arrested by the Metropolitan Police Service using Live Facial Recognition (LFR), including paedophiles, rapists and violent robbers.

NCA arrest four for cyber attacks on M&S, Co-op and Harrods

Security

NCA arrest four for cyber attacks on M&S, Co-op and Harrods

10 July 2025

Four people have been arrested in the UK this morning as part of a National Crime Agency (NCA) investigation into cyber attacks targeting M&S, Co-op and Harrods.

Advertisement
Gulfstream RT
Metis to supply Skyperion to NATO ally

Defence Security

Metis to supply Skyperion to NATO ally

10 July 2025

Metis has won a contract to supply a number of Skyperion drone detection systems to a NATO customer to provide the drone detect function as part of an integrated Counter Uncrewed Air Systems (C-UAS) capability.

Serco appoints Keith Williams as Chair

Aerospace Defence Security Space

Serco appoints Keith Williams as Chair

4 July 2025

Serco has appointed Keith Williams to the Board as a Non-Executive Director and Chair designate.

Advertisement
Gulfstream RT