This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

US Joiner Announces Acquisition Of JCI Metal Products, Inc.

NEW YORK, Dec. 31, 2012 /PRNewswire/ -- Affiliates of US Joiner ("US Joiner") announced today the acquisition of JCI Metal Products, Inc. ("JCI").  JCI is a leading provider of maintenance, repair and overhaul ("MRO") services focusing on habitability, fabrication, electrical and piping solutions to U.S. Navy vessels.  JCI is headquartered in San Diego, CA with additional operations in Pearl Harbor, HI.  The acquisition will enable US Joiner to further establish its position in the U.S. Navy MRO market and expand its footprint in the Pacific.

(Logo: http://photos.prnewswire.com/prnh/20091221/NY29520LOGO )

US Joiner is the leading independent domestic provider of turnkey marine joiner and furniture solutions for U.S. Government and commercial customers.  Headquartered in Crozet, VA, the company also has existing facilities in San Diego.  US Joiner employs approximately 500 employees across the United States.

Joe Mullen, President of US Joiner, said, "The acquisition of JCI marks an exciting new step for US Joiner.  We are pleased to welcome the outstanding management and employees of JCI to the US Joiner family.  The addition of JCI's capabilities and strong customer relationships in the U.S. Navy MRO market allows us to take the next step in expanding our joiner capabilities in this vital segment of the industry."

Marcel Becker, one of the former owners of JCI, will continue to lead the JCI operations of US Joiner as its General Manager.  Mr. Becker stated, "We are excited about the partnership with US Joiner and the opportunities the combined operations create.  With this combination, we will be able to offer a more diverse solution to our customers." 

US Joiner was acquired in June 2011 by J.F. Lehman & Company, a leading middle-market private equity firm focused on the maritime, defense and aerospace sectors.

Blank Rome LLP and Feil, Pettit & Williams, PLC provided legal counsel to US Joiner.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,310.98 +119.61 0.70%
S&P 500 2,006.57 +4.41 0.22%
NASDAQ 4,637.6990 -0.2950 -0.01%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs