J.F. Lehman & Company’s acquisition of PSSC Holding Co and BEI Precision Systems & Space Company, Inc.

J.F. Lehman & Company, a leading middle-market private equity firm focused on the defense, aerospace and maritime sectors, is pleased to announce that an investment affiliate has acquired PSSC Holding Co and its wholly owned subsidiary, BEI Precision Systems & Space Company, Inc..

BEI PSSC is a leader in high-accuracy positioning sensor technologies, providing advanced design, manufacturing and testing for reliable and resilient products and systems. The Company’s core product lines, which are used primarily in mission-critical defense and space applications, include optical encoder-based positioning systems, scanners for situational awareness requirements and precision accelerometers. BEI PSSC is headquartered in Maumelle, Arkansas, and has a longstanding track record of technological innovation, with corporate roots dating back to 1862.

Jones Day provided legal counsel to J.F. Lehman. Miller & Chevalier advised in the area of government contracting and import / export and defense security compliance.

Debt financing for the transaction was arranged by BNP Paribas and Barings.

Evercore Partners provided financial advisory services to J.F. Lehman in connection with the acquisition and KippsDeSanto & Co. advised BEI PSSC.

Jones Day has advised J.F. Lehman & Company on the deal with a team led by Alain Dermarkar.

Involved fees earner: Alain Dermarkar – Jones Day;

Law Firms: Jones Day;

Clients: J.F. Lehman & Company;


Author: Ambrogio Visconti