For Immediate Release
October 03, 2016
J.F. Lehman & Company (“JFLCO”) is pleased to announce 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 U.S. Government vessels and customized underground mining equipment for mine owners and operators around the world. The Company operates from facilities in Rhinelander, WI, Iron River, MI, Kingsford, MI, and Ontonagon, MI as well as other sales and service sites in the U.S. 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 counsel to J.F. Lehman & Company. Oldenburg Group Incorporated was advised by Raymond James and provided legal counsel by DLA Piper.