Acquisition completed
On May 18, the company had announced its definitive agreement to acquire Atlantic Marine from JFL-AMH Partners, LLC, a portfolio company of the private-equity firm J.F. Lehman & Company.
The acquired Atlantic Marine operations at Mayport and Jacksonville, Florida; Moss Point, Mississippi; and Mobile, Alabama, employ approximately 1,000 people and will become known as BAE Systems Southeast Shipyards. This new business provides vessel maintenance, repair, overhaul, and conversion; marine fabrication; and ship construction services.
The acquisition is consistent with BAE Systems' strategy to address anticipated growth in readiness and sustainment activity within its home markets. The addition of BAE Systems Southeast Shipyards will enhance the company's
