Lehmman sells shipyards
J.F. Lehman & Co., the investment bank started by the former Secretary of the Navy John F. Lehman, has sold Atlantic Marine Holding Co. to a subsidiary of British defense contractor BAE Systems Inc.
Atlantic Marine has shipyards in Mobile, Ala.; Jacksonville and Mayport, Fla.; and Moss Point, Miss.
JFL has retained the company’s vessel maintenance, repair, overhaul and conversion operations in Boston and Philadelphia, and a parcel of real estate in Mobile.
The sale price was about $352 million, subject to customary post-closing adjustments. An investment affiliate of JFL acquired the business in August 2006.
Lehmman sells shipyards
