JF Lehman & Company Completes Acquisition of Lake Shore Systems from Oldenburg Group Incorporated

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NEW YORK, October 3, 2016 /PRNewswire/ — JF Lehman & Company (“JFLCO”) is pleased to announce that it has completed the previously announced acquisition of Lake Shore Systems (“Lake Shore” or the “Company”) from Oldenburg Group Incorporated.

With roots dating back to 1858, Lake Shore designs, engineers, manufactures and supports complex heavy equipment systems to meet mission critical requirements in harsh operating environments, including large deck handling equipment , access and lifting systems for US government vessels and custom underground mining equipment. for mine owners and operators around the world. The Company operates from facilities located in Rhineland, WI, Iron River, MI, Kingsford, Mich.and Ontario, Michigan as well as other sales and service sites in the United States and Mexico.

Senior debt financing for the acquisition was provided by BNP Paribas, Babson Capital and Monroe Capital. Blank Rome LLP and Jones Day provided legal advice to JF Lehman & Company. Oldenburg Group Incorporated was advised by Raymond James and provided legal advice by DLA Piper.

On JF Lehman & Company, Inc.

Founded in 1992, JF Lehman & Company is a leading middle-market private equity firm focused exclusively on the defence, aerospace and marine sectors. The company has offices in New York and Washington.

For more information on JF Lehman & Company, please visit www.jflpartners.com.

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