On March 11, 2025, J.F. Lehman & Company (JFLCO), a U.S.-based private equity firm specializing in aerospace, defense, government, maritime, environmental, and infrastructure sectors, announced the acquisition of a majority shareholding in W.S.S. Holding A/S and its subsidiaries (collectively, “Wrist”). The transaction value was not publicly disclosed. Wrist’s existing sponsor, Altor Equity Partners, and the company’s management team retained significant minority stakes.

Headquartered in Aalborg, Denmark, Wrist is a global leader in marine supply, logistics, and budget management services, employing approximately 2,275 people and operating in more than 35 locations, serving over 750 ports worldwide. The company specializes in sourcing, storing, consolidating, and delivering provisions, stores, and spare parts to vessels globally. Wrist's Canadian presence includes operations in Montreal, Vancouver, and Halifax, enhancing its extensive global footprint.

To finance the transaction, a Nordic bond offering was coordinated by ABG Sundal Collier as Sole Global Coordinator, with Danske Bank acting as Joint Bookrunner. A revolving credit facility was also provided by Danske Bank.

ABG Sundal Collier served as financial advisor to JFLCO. Legal counsel for JFLCO was provided by Jones Day and Gorrissen Federspiel, with Thommessen advising on the bond offering. Borden Ladner Gervais LLP acted as Canadian counsel to JFLCO. Bank of America served as financial advisor to Wrist, with legal counsel provided by Kromann Reumert for the company and its majority equity holders.

The investment aims to support Wrist’s global expansion and digital innovation in the maritime supply chain sector.