J.F. Lehman & Company (“JFLCO”), the US-based private equity firm, has announced the acquisition of Wrist, the world’s
leading supplier of marine provisions and stores from Altor Equity Partners. JFLCO will partner with Wrist’s current sponsor,
Altor Equity Partners, and the Company’s management team, who will both remain significant shareholders as Wrist
embarks on its next phase of growth.
Founded in 1953 and headquartered in Denmark, with a realised revenue of DKK 5.6bn in 2023, Wrist is uniquely
positioned as the leading, digitally-enabled provider of full-service global marine supply and logistics services to vessels
and offshore facilities globally. Specifically, Wrist’s modular and synergetic offering comprises five business units through
which Wrist sources, consolidates and delivers provisions, stores and spare part logistics, whilst also providing ancillary
services relating to vessel budget management. As such, Wrist ensures end-to-end consolidated delivery to vessels and
offshore facilities, securing dependable execution of complex service deliveries.
Furthermore, and with its digital platform, Source2Sea, Wrist is spearheading the digitalisation of the maritime supply
industry, which has traditionally been characterised by supply chain complexities and inefficiencies caused by e.g.
analogue processes.
ABG Sundal Collier acted as exclusive financial advisor to JFLCO, and as Sole Global Coordinator and Bookrunner in the
EUR 200 million senior secured bond issue to partly finance the acquisition.
The terms of the transaction are undisclosed.
