American Securities acquires Integrated Global Services Inc.

Integrated Global Services Inc. (IGS), a portfolio company of J.F. Lehman & Co. (JFLCO), has been sold to American Securities. Houlihan Lokey, headquartered in Los Angeles. advised IGS in the transaction that closed March 6.

IGS, headquartered in Richmond, Virginia, is a global provider of proprietary, highly engineered asset integrity and environmental and efficiency technologies across a diverse set of geographies and end markets. The company’s solutions directly support the safe and productive operation of critical facility infrastructure by addressing the impacts of corrosion and erosion, increasing throughput efficiency, reducing emissions and more, Houlihan Lokey says in a news release announcing the transaction.

IGS serves leading organizations globally in the power, oil and gas, petrochemical, agrochemical, manufacturing, pulp and paper and renewable fuels industries. 

JFLCO, which has offices in New York and Washington, is a leading middle-market private equity firm focused on the aerospace, defense, maritime, government, environmental and infrastructure sectors.

Since acquiring IGS in 2020, JFLCO has partnered with management to accelerate the adoption of its solutions, penetrate new markets and expand the company’s technology portfolio, Houlihan Lokey says. The company also has integrated four strategic acquisitions.

Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally ranging from $200 million to $2 billion. American Securities and its affiliates have more than $23 billion under management.