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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