Wrist Group expands defense logistics capabilities with acquisition of Military Services Australia
Wrist Group, a global leader in marine supply and logistics for the maritime industry, owned by an investment affiliate of J.F. Lehman & Company, LLC (“JFLCO”), today announces the acquisition of Military Services Australia Pty Ltd. and Downie Jones Ship Stores Limited (collectively, “MSA”), a leading provider of husbanding and maritime logistics services supporting defense and naval operations across Australia and the Indo-Pacific.
Anders Skipper, Group CFO at Wrist, commented, “MSA represents a strategic addition to Wrist and a meaningful expansion of our capabilities in defense logistics. MSA’s established relationships and proven track record in supporting naval and government customers, combined with Wrist’s global scale and supply capabilities, create a compelling platform to enhance our capabilities and better serve defense and maritime customers.”
Peter Price, CEO of MSA, added, “Joining Wrist marks an exciting next chapter for MSA. Wrist’s global platform and operational capabilities will enable us to expand our offering and better serve our customers. We look forward to continuing to support our customer base as part of a global organization.”
Will Hanenberg, Chairman of Wrist and Partner at JFLCO, said, “The acquisition of MSA represents an important step in Wrist’s strategy to expand its presence in defense logistics and support services.
MSA has established itself as a trusted partner to naval customers across the Indo-Pacific, and we are excited to work alongside Peter Price, Paddy Price and their team to build on that success, broaden the company’s capabilities, and drive long-term growth.”
Source: Wrist
