Trident Maritime Systems, a portfolio company of investment affiliates of J.F. Lehman & Co., has purchased the assets of Custom Alloy Corp., a provider of alloyed forgings, pipe and fittings to defense and industrial customers.
CAC supplies materials for aircraft carriers, nuclear submarines and other U.S. Navy programs, JFLCO said Tuesday.
“The acquisition of CAC expands our presence on key U.S. Navy nuclear vessel programs, a critical element of our growth strategy,” said Alex Harman, chairman of Trident and a partner at JFLCO.
“Trident’s growing scale and breadth of offerings allow us to more holistically partner with our shipbuilding customers to efficiently deliver the solutions required by them and the U.S. Navy,” he added.
Arlington, Virginia-based Trident provides a suite of integrated maritime systems and related offerings for government and commercial shipbuilders and ship operators worldwide. The company made the acquisition through one of its subsidiaries.
Blank Rome and Keller Benvenutti Kim offered legal counsel to Trident in the transaction.
SSG Capital Advisors acted as CAC’s financial adviser, while and Rabinowitz, Lubetkin & Tully and Cole Schotz served as legal advisers to the company.