Trident Maritime Systems Divests UK Subsidiary AGI to DC Capital Partners

Trident Maritime Systems, a leading maritime systems and solutions provider and portfolio company of investment affiliates of J.F. Lehman & Company, has announced the divestiture of Trident Maritime Systems UK Limited and its subsidiaries, including Aeronautical & General Instruments Limited, to DC Capital Partners. This strategic move represents a significant realignment in the maritime defense sector, with implications for both companies' future directions and market focus.

The divestiture to DC Capital, a private equity firm focused on middle market government and engineering companies, positions AGI for continued growth under specialized ownership. AGI serves as a leading provider of highly engineered electronic systems that support landing, navigation, communications and other mission-critical naval applications. Since its inception in 1915, AGI has built a strong legacy of technical expertise and earned a reputation for excellence in providing naval solutions to the U.S., U.K. and Allied naval fleets around the globe.

Joe Mullen, Chief Executive Officer of Trident, emphasized the strategic rationale behind the transaction, stating that the divestiture will allow Trident to continue sharpening its focus on delivering for core U.S. customers as the company looks to support the U.S. Navy's robust shipbuilding and sustainment plans. This move reflects the increasing specialization required to serve distinct naval markets effectively, with Trident concentrating its resources on the substantial opportunities within the U.S. defense sector.

AGI CEO David Hyde expressed optimism about the transition, noting the tremendous success achieved under JFLCO and Trident ownership and looking forward to partnering with DC Capital to seize new opportunities and shape an even brighter future. The acquisition by DC Capital, which maintains a focused investment strategy on government and engineering companies, suggests potential for enhanced growth and development of AGI's specialized naval technologies.

The transaction involved KippsDeSanto & Co. serving as financial advisor to Trident, with Jones Day providing legal counsel. Trident Maritime Systems, headquartered in Arlington, VA, remains a systems and solutions provider to government and commercial shipbuilders and ship operators across the globe with a comprehensive suite of complex, integrated maritime systems and aftermarket service offerings. The company maintains operating locations strategically positioned near major naval and commercial shipbuilders across the U.S. and internationally. J.F. Lehman & Company, founded in 1992, focuses exclusively on investing in the aerospace, defense, maritime, government and environmental industries, with additional information available at http://www.jflpartners.com.