Drew Marine, a portfolio company of the private equity firm J.F. Lehman & Company, yesterday said it has acquired marine products distributor Alexander/Ryan Marine & Safety to boost its growth in offshore markets, primarily serving the oil and gas industries, and to expand its product offerings in marine safety.
Terms of the deal were not disclosed. Alexander/Ryan has 82 employees.
Drew Marine, which was acquired by J.F. Lehman & Company in 2009, provides technical solutions and services to various segments of the marine industry, including naval and Coast Guard customers, for fire safety and rescue, water treatment, fuel management, and other products and services.
Alexander/Ryan is a distributor of navigation, life saving, and personal protection equipment and survival craft. The Houston-based company also provides various technical services to the marine industry.
J.F. Lehman’s marine holdings also include Atlantic Marine Holding, Chemring Marine, Sperry Marine, US Joiner and JCI Metal Products.