Drew Marine Completes the Acquisition of Alexander/Ryan Marine & Safety and Sea Technology - Monday, February 4, 2013
Drew Marine announced today the completion of the acquisition of
Alexander/Ryan Marine & Safety and Sea Technology (collectively
Alexander/Ryan is a leading manufacturer, distributor and
safety certification provider for the Offshore and Marine industries. The
company is headquartered in Houston, Texas with operations in New Orleans and
New Iberia, Louisiana. The company is a distributor of some of the best known
equipment manufacturers as well as a certified service facility for a variety
of rescue and survival craft. Alexander/Ryan also provides technical services,
inspections and field certification for a wide range of systems found in
Offshore and Marine applications.
Drew Marine is a global leading provider of technical
solutions and services to the marine industry specializing in Fire Safety and
Rescue ("FSR"), Water Treatment, Cleaning & Coatings, Fuel
Management, Welding & Refrigeration and Sealing Products.
Len Gelosa, President and CEO of Drew Marine, said:
"Alexander/Ryan Marine and Safety is a perfect fit with Drew Marine's
strategy to grow in the Offshore industry and expand our product offerings in
maritime safety. We are pleased to welcome the Alexander/Ryan team of
professionals to Drew Marine."
John Ryan, President of Alexander/Ryan Marine & Safety,
said: "We are excited about combining Alexander/Ryan with Drew Marine. The
Drew Marine reputation for quality, technology and services coincides with
Alexander/Ryan's mission and history of providing our customers with superior
products and services. On behalf of the entire Alexander/Ryan Marine &
Safety team, we look forward to working together with Drew Marine to
continue to grow our business."
Drew Marine was acquired in August 2009 by investment
affiliates of J.F. Lehman & Company, a leading middle-market private equity
firm focused on the defense, aerospace and maritime sectors. "Drew Marine
continues to make significant strides in expanding its FSR suite of
capabilities." said Louis Mintz, Partner. "Alexander/Ryan exhibits
many of the attributes J.F. Lehman & Company seeks in acquisition
candidates – a leading market position, blue-chip customer base and a strong reputation
for quality and performance. This is yet another milestone for Drew Marine as
it continues to pursue new opportunities for growth."