Wrist Acquired by J.F. Lehman & Company in Strategic Move
Deal News | Mar 11, 2025 | PR Newswire Cision J.F. Lehman & Company
J.F. Lehman & Company, a leading private equity firm specializing in aerospace, defense, government, maritime, environmental, and infrastructure sectors, has acquired a majority shareholding in W.S.S. Holding A/S, known as Wrist, alongside Altor Equity Partners and the Company's management team. Wrist, headquartered in Aalborg, Denmark, is a global leader in marine supply and logistics services for the maritime industry, operating across more than 35 locations and serving over 750 ports globally. The acquisition is part of JFLCO's strategic investment plan, aligning with Wrist's reputation for pioneering digital solutions in maritime supply chains. The transaction's financial and legal advice was managed by ABG Sundal Collier, Danske Bank, Jones Day, and several legal partners.
Sectors
- Private Equity
- Maritime Services
- Logistics & Supply Chain
Geography
- United States – J.F. Lehman & Company is based in New York, USA, which plays a crucial role in this transaction.
- Denmark – Wrist is headquartered in Aalborg, Denmark, representing the geographic focus of the target company in the acquisition.
Industry
- Private Equity – This transaction involves J.F. Lehman & Company, a private equity firm, acquiring a majority stake in Wrist, thus falling under the private equity sector.
- Maritime Services – Wrist is a leader in the maritime supply and logistics industry, providing services globally to the maritime sector.
- Logistics & Supply Chain – The article focuses on Wrist's role in logistics, specifically in the maritime supply chain, delivering provisions and spare parts worldwide.
Financials
- Undisclosed – The financial terms of the acquisition were not disclosed in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| J.F. Lehman & Company | Acquirer | Company | A private equity firm specializing in aerospace, defense, maritime, government, and environmental industries. |
| Wrist | Target | Company | A global leader in marine supply and logistics services for the maritime industry. |
| Altor Equity Partners | Selling Company | Company | A private equity firm and current sponsor of Wrist, maintaining a significant shareholding post-transaction. |
| ABG Sundal Collier | Financial Advisor | Company | Served as Sole Global Coordinator for the Nordic bond offering to support the transaction. |
| Danske Bank | Financial Institution | Company | Joint Bookrunner for the bond offering and provider of the revolving credit facility. |
| Jones Day | Legal Advisor | Company | Provided legal counsel for J.F. Lehman & Company. |
| Gorrissen Federspiel | Legal Advisor | Company | Advised on the revolving credit facility. |
| Thommessen | Legal Advisor | Company | Advised on the bond offering. |
| Bank of America | Financial Advisor | Company | Served as a financial advisor to Wrist. |
| Kromann Reumert | Legal Advisor | Company | Provided legal counsel for Wrist and its majority equity holders. |