Mensura Advises J.F. Lehman & Company and its Investment Affiliates on the Sale of IMIA Group Holdings

Rhea-AI Summary

Mensura Capital and Mensura Securities announced the sale of IMIA Group Holdings to investment affiliates of The Carlyle Group (NASDAQ: CG) and Stellex Capital Management. The terms remain undisclosed. IMIA is a marine contractor providing services to the U.S. Navy, including maintenance and repair of various vessel types. The company was established through the merger of IMIA Holdings and American Scaffold Holdings. Mensura specializes in M&A advisory services in the maritime sector, focusing on reducing transactional risks for clients.

Positive

• IMIA's acquisition by The Carlyle Group and Stellex Capital enhances its market positioning in the defense and maritime sectors.
• The deal signifies potential growth opportunities for IMIA in shipbuilding and repair services.

Negative

• None.

ATLANTA--(BUSINESS WIRE)-- Mensura Capital, LLC and Mensura Securities, LLC (“Mensura”) today announced that it advised J.F. Lehman & Company on the sale of IMIA Group Holdings, LLC (“IMIA” or the “Company”) to investment affiliates of The Carlyle Group (NASDAQ: CG) and Stellex Capital Management. Terms of the transaction were not disclosed.

IMIA is a multi-discipline marine contractor providing comprehensive marine preservation, structural, scaffolding and environmental containment, and staffing services for the maintenance, repair, and overhaul (“MRO”) and new construction of the U.S. Navy (“USN”) fleet. The Company was formed through the combination of J.F. Lehman & Company portfolio companies IMIA Holdings and American Scaffold Holdings. IMIA is headquartered in Spanish Fort, AL and provides its suite of services to all USN vessel types—submarines, aircraft carriers, surface combatants, and auxiliaries—in both private and public shipyards.

J.F. Lehman & Company is a leading middle-market private equity firm focused exclusively on the defense, government, aerospace, maritime, and environmental industries.

The Carlyle Group is a global investment firm. Stellex Capital Management is a private equity manager that invests in and oversees U.S. and European corporate assets. Both have partnered to make substantial investments in shipbuilding and repair and other maritime operations.

Mensura focuses on middle- to upper middle-market M&A advisory services for maritime companies, where the Mensura team has substantial contacts and a deep knowledge base.

Mensura was founded with a philosophy of “measured risk” (Latin: Mensura Sortis) that recognizes that many variables impact risk measurement, including human factors, the most difficult to quantify. This is most evident in the M&A world, where humans drive decisions and emotions are heightened. Mensura’s mandate is to reduce transactional risk by providing hands-on management of all aspects of a transaction and a focus on the goals of its clients, business owners. The resulting Mensura process enables our clients to realize transformational wealth, as well as other non-financial personal and other value considerations.

Mensura Securities, LLC is a registered broker-dealer and member of FINRA and SIPC. For more information, visit www.mensuracompanies.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211111005464/en/

Business Inquiries

Alex Graham

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Source: Mensura Capital, LLC

FAQ

What is the significance of the acquisition of IMIA Group Holdings by Carlyle Group (CG)?

The acquisition allows IMIA to leverage Carlyle's investment capabilities, potentially enhancing its growth in the defense and maritime industries.

When was IMIA Group Holdings sold to Carlyle Group?

The sale of IMIA Group Holdings was announced recently but the exact date of the transaction was not disclosed.

What services does IMIA Group Holdings provide?

IMIA offers comprehensive marine preservation, structural, scaffolding, environmental containment, and staffing services for the U.S. Navy.

Who advised on the sale of IMIA Group Holdings?

Mensura Capital and Mensura Securities advised J.F. Lehman & Company on the sale of IMIA Group Holdings.

What is the market focus of The Carlyle Group (CG) after acquiring IMIA?

The Carlyle Group continues to focus on investments in shipbuilding, repair, and other maritime operations following the acquisition of IMIA.