J.H. Fletcher & Co. Acquires Cannon Mining Division from Trident Maritime Systems

June 15, 2022

J.H. Fletcher & Co. has completed the acquisition of the Cannon Mining division from Trident Maritime Systems, a portfolio company of J.F. Lehman & Company. The purchase adds Cannon's underground mining equipment portfolio (drill jumbos, scalers, roof bolters and articulated utility vehicles) and aftermarket capability to J.H. Fletcher's product lines while allowing Trident to focus on core maritime and defense offerings.

Buyers
J.H. Fletcher & Co.
Targets
Cannon Mining (division of Trident Maritime Systems)
Sellers
Trident Maritime Systems, J.F. Lehman & Company (investment affiliates)
Industry
Manufacturing
Location
United States
Transaction Type
Divestiture

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