About Services Government Commercial Employment Certs Current Page: Press IMIA Team News Request A Quote Press J.F. Lehman acquires vessel preservation specialist IMIA OCTOBER 29, 2018 - Private equity investment firm J.F. Lehman & Company (JFLCO) reports that an investment affiliate has acquired International Marine & Industrial Applicators, LLC and Craft and Technical Solutions, LLC (collectively, IMIA) from IMIA Group, Inc. Founded in 1985, IMIA provides vessel preservation services to the U.S. Navy and commercial maintenance, repair, and overhaul and new construction markets. Headquartered in Spanish Fort, AL with a presence in over 30 facilities nationally as well as in Japan, IMIA is a market leader in the surface preservation of hulls, tanks and other critical coated areas on Navy submarines, aircraft carriers, surface combatants and auxiliaries as well as commercial vessels. "We are excited to be partnering with the IMIA management team and are pleased to welcome the company to the J.F. Lehman & Company portfolio," "They are an excellent fit with our investment strategy given their leading market positions, long-standing customer relationships and outstanding workforce. In today's government and commercial marine marketplace, the need for high-quality, reliable, safe and cost-effective preservation solutions is growing, and IMIA offers a full-range of services to meet this demand." - Alex Harman, a Partner with JFLCO. "J.F. Lehman & Company is a great partner for IMIA. They offer an excellent combination of unique expertise and relationships as well as capital to accelerate our growth. We look forward to continuing IMIA's proud heritage of providing best-in-class preservation services to the U.S. maritime industry." - Mike Keenan, President and CEO of IMIA Debt financing for the transaction was provided by Ares Management LLC. Blank Rome LLP and Jones Day provided legal counsel to JFLCO. Mensura Capital, LLC and Mensura Securities, LLC served as the M&A financial advisors to IMIA Group, Inc. and Sheppard Mullin, Richter & Hampton LLP provided legal counsel. IMIA Acquires Main Industries April 16, 2021 NEW YORK, NEW YORK – International Marine and Industrial Applicators, LLC (“IMIA”), a portfolio company of an investment affiliate of J.F. Lehman & Company ("JFLCO"), is pleased to announce the recent acquisition of Main Industries, Inc. (“Main Industries” or the “Company”). Headquartered in Hampton, VA, Main Industries provides preservation, scaffolding and environmental containment services to the marine vessel new construction and maintenance, repair, and overhaul (“MRO”) markets. The Company has built an excellent reputation supporting the U.S. Navy’s (“USN”) aircraft carrier new construction and MRO requirements (including re-fueling overhauls) in the Mid-Atlantic region, with a particularly strong presence at Huntington Ingalls Industries’ Newport News Shipbuilding. Main Industries is the first add-on acquisition completed by IMIA under JFLCO’s sponsorship. Headquartered in Spanish Fort, AL, IMIA is the market leader in the preservation, scaffolding and environmental containment services as well as related structural steel repair for USN submarines, aircraft carriers, surface combatants and auxiliaries as well as commercial vessels. IMIA addresses the USN’s most complex MRO and new construction requirements with a workforce of over 1,100 employees deployed across all major USN and independent shipyards. “Main Industries is a well-established preservation services provider with a sterling reputation in the marketplace and impressive customer portfolio and capability set,” said Mike Keenan, CEO of IMIA. “We are excited to partner with the Main Industries team and look forward to leveraging our complementary service offerings and expertise to deliver unparalleled value to our customers.” Mike Challoner, President of Main Industries, commented, "Main Industries is thrilled to join a company with such a similarly strong reputation and heritage in the USN preservation market. The additional strength and capabilities that IMIA brings will facilitate the realization of our significant potential for growth and increase opportunities for our collective employee bases. We look forward to continuing to expand the high-quality services we provide to our customers and maintaining our steadfast dedication to ensuring the mission readiness of our nation’s critical naval assets.” Blank Rome LLP and Jones Day provided legal counsel to IMIA. Mensura Capital, LLC and Mensura Securities, LLC served as the M&A financial advisors to Main Industries and Sheppard Mullin, Richter & Hampton LLP provided legal counsel. _________________________________________________________________________________ Founded in 1992, J.F. Lehman & Company is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors. The firm has offices in New York and Washington, D.C. For more information about J.F. Lehman & Company, please visit. www.jflpartners.com IMIA Awarded IDIQ Contract for U.S. Navy Submarines June 3, 2021 Spanish Fort, Alabama - International Marine and Industrial Applicators (IMIA) has been selected as one of three contractors awarded to provide preservation and maintenance of Navy submarines. The current value of the potential award is $41,745,389 for the base one-year ordering period. The contract has four additional optional one-year ordering periods which, if exercised, would bring the cumulative value of the entire contract vehicle to $248,692,224 over a five-year period. Work will be performed at Norfolk Naval Shipyard (NNSY), Portsmouth, Virginia (80%); and other locations under the cognizance of NNSY (80%), as well as at Portsmouth Naval Shipyard (PNSY), Kittery, Maine, and other locations under the cognizance of PNSY (20%). If all options are exercised, work will continue through June 2026. IMIA, as a Multi-Disciplined Marine Contractor, is well prepared for the typical work under the scope of this award contract which includes but is not limited to: hull, tank, and void preservation; lead ballast removal and installation; sound dampening tile repair and replace; and special hull treatment removal, preparation, preservation, and installation. This award demonstrates the Navy’s continued confidence in IMIA’s ability to execute these most technically challenging work scopes. IMIA is proud to support the Navy in maintaining these critical national security platforms. International Marine and Industrial Applicators, LLC is a portfolio company of an investment affiliate of J.F. Lehman & Company. Founded in 1992, J.F. Lehman & Company is a leading middle-market private equity firm focused exclusively on the aerospace, defense, maritime, government and environmental sectors. The firm has offices in New York and Washington, D.C. For more information about J.F. Lehman & Company, please visit: www.jflpartners.com J.F. Lehman & Company Completes Sale of IMIA Group November 11, 2021 NEW YORK – J.F. Lehman & Company (“JFLCO”), a leading middle-market private equity firm focused exclusively on the defense, government, aerospace, maritime, and environmental industries, announced today that investment affiliates have sold IMIA Group Holdings, LLC (“IMIA” or the “Company”) to investment affiliates of The Carlyle Group and Stellex Capital Management. Terms of the transaction were not disclosed. IMIA provides comprehensive marine preservation, structural, scaffolding & environmental containment, and staffing services for the maintenance, repair, and overhaul (“MRO”) and construction of the U.S. Navy (“USN”) fleet. The Company was formed through the combination of JFLCO portfolio companies IMIA Holdings and American Scaffold Holdings. IMIA is headquartered in Spanish Fort, AL and provides its suite of services to all USN vessel types – submarines, aircraft carriers, surface combatants, and auxiliaries – in both private and public shipyards. Since acquiring American Scaffold Holdings in 2016 and IMIA Holdings in 2018, JFLCO successfully worked with management to execute and integrate two strategic acquisitions (as well as the combination), enter new markets, and add complementary capabilities, resulting in substantial revenue and earnings growth. Alex Harman, Chairman of IMIA’s Board of Directors and Partner at JFLCO said, “Through our successful partnership with management, IMIA has continued its track record of expanding its suite of bundled services to better serve its customer base. The Company’s national footprint and multi-discipline marine contractor model has driven growth with legacy customers as well as the acquisition of new customers and expansion into additional geographies. As a result, IMIA is uniquely suited to address the growing MRO and new construction requirements of its customers.” “Today is a validation of the market leadership position, operational excellence, and culture that we have worked to build and maintain. We are immensely grateful for JFLCO’s support and look forward to continuing to deliver on future growth opportunities with our new partners at Carlyle and Stellex,” commented Mike Keenan, Chief Executive Officer of IMIA. Harris Williams and Mensura Capital served as financial advisors to JFLCO and Blank Rome served as legal counsel. _________________________________________________________________________________ BEST VALUE WITH ON TIME PERFORMANCE San Diego, CA Newport News, VA Norfolk, VA Bremerton, WA Mayport, FL Kingsbay, GA Honolulu, HI Groton, CT Quonset Point, RI Marinette, WI Home | Services | Government | Commercial | Certifications | Employment | Press | Quote / Contact © Copyright 2021 • IMIA International Marine and Industrial Applicators • PO Box 1888, Daphne, Alabama 36526 • (251) 626-3625 International Marine & Industrial Applicators, LLC