J.F. Lehman & Company (JFLCO), a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government, and environmental sectors, announces definitive agreement to acquire Global Marine Group (GMG), headquartered in Chelmsford, UK.

GMG is a leading provider of subsea cable maintenance and installation services to the telecommunications, offshore wind and utility markets worldwide. The group owns and operates a highly specialized 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.

Commenting on GMG, Alex Harman, Partner-JFLCO, says, “Global Marine Group has been a market leading provider of critical marine services for decades and is an exciting

JFLCO is an excellent partner for GMG to help facilitate the next phase of our growth.

addition to the JFLCO portfolio of companies.” On announcement of the agreement, Dick Fagerstal, Chairman, Global Marine Group says, “I believe JFLCO is an excellent partner for GMG to help facilitate the next phase of our growth. Together with Ian Douglas, (CEO, 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.” “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," adds Ian.

Further adding to it Will Hanenberg, Principal-JFLCO says, “The Company's strong market positions, comprehensive suite of unique services and assets, and talented workforce align well with our investment strategy.” “We believe the Company has significant opportunities for growth in its core telecommunications and offshore wind markets, and we look forward to support the Global Marine Group team as it executes its exciting vision for the future,” he concludes.