Home / M&A Activity / Linda Hudson on BAE’s Acquistion to Expand Marine Capabilities

Linda Hudson on BAE’s Acquistion to Expand Marine Capabilities

BAE Systems has agreed to acquire Atlantic Marine from JFL-AMH Partners, LLC, for the price tag of $352 million. The move will expand BAE’s current marine offerings.

Atlantic Marine is a privately-held firm focused on vessel maintenance, repair, overhaul and conversion (MROC), marine fabrication, and ship construction services provider with operations in the southeastern U.S.

According to BAE, “the acquisition does not include Atlantic Marine’s Boston and Philadelphia operations, which will be retained by JFL-AMH Partners, LLC. The acquisition will be funded from BAE Systems’ existing cash resources.”

“BAE Systems’ strategy for our ship repair business is successfully growing marine sustainment activities in surface ship repair, as well as migrating our capabilities into naval modernization and upgrade. The acquisition of Atlantic Marine’s operations, highly skilled workforce, and marine fabrication capabilities will enhance BAE Systems’ ability to serve customers in the naval support and upgrade sector, ” said Linda Hudson, President and CEO, BAE Systems, Inc.

Check Also

NGA Deputy Director Stacey Dixon Receives 2020 Wash100 Award From Jim Garrettson, CEO of Executive Mosaic

Jim Garrettson, found and CEO of Executive Mosaic, presented Dr. Stacey Dixon, deputy director of the National Geospatial-Intelligence Agency (NGA), her first Wash100 Award as a part of the 2020 selection on Wednesday

Teresa Carlson, AWS Worldwide Public Sector VP, Named to 2020 Wash100 for Cloud Innovation, Business Expansion and New Educational Platforms

Executive Mosaic is honored to present Teresa Carlson, vice president of the worldwide public sector business at Amazon Web Services, as an inductee into the 2020 edition of the Wash100 Award for driving cloud innovation, expanding AWS' influence and advocating for cloud computing education within Virginia schools.