J.F. Lehman & Co. said Thursday that David Gorton has joined as a VP. Also, Michael Friedman and William Hanenberg were promoted to senior associate at J.F. Lehman, while David Thomas, James Michaud and David Silberstein were named associates. Gorton joined J.F. Lehman this month from Tailwind Capital.

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value [...]

J.F. Lehman & Co. has completed its sale of Atlantic Marine Holding Co. to BAE Systems for $352 million in cash. Atlantic Marine provides vessel maintenance, repair, overhaul and conversion, marine fabrication and ship construction services.

Allan Cook has joined the operating executive board of private equity firm J.F. Lehman & Company. He is the former CEO of UK aerospace and defense company Cobham PLC.

J.F. Lehman & Co. has agreed to sell Atlantic Marine Holding Co. to BAE Systems for $352 million in cash. Atlantic Marine provides vessel maintenance, repair, overhaul and conversion, marine fabrication and ship construction services.

Platinum Equity has acquired OAO Technology Solutions Inc. from J.F. Lehman & Co. No financial terms were disclosed. OAO is a Greenbelt, Md.-based provider of managed IT solutions and services to Fortune 500 corporations, global outsourcers and government agencies.

J.F. Lehman & Co. has sold Atlantic Intertial Systems to Goodrich Corp. for approximately $375 million in cash. AIS is a Cheshire, Conn.-based provider of guidance, stabilization and navigation products and systems for the global defense market. It was acquired by J.F. Lehman from BAE Systems in August 2007, in a deal that included $145 million of equity.

Defense Venture Group, a portfolio company of J.F. Lehman & Co., has acquired the run-flat tire business of Drive Dynamics, for an undisclosed amount.

J.F. Lehman & Co. has agreed to sell Atlantic Inertial Systems to Goodrich Corp. (NYSE: GR), for approximately $375 million. AIS is a Cheshire, Conn.-based provider of mission-critical guidance, stabilization and navigation products and systems for the military and defense market.

J.F. Lehman & Co. has completed its acquisition of marine services business Drew Marine from Ashland Inc. (NYSE: ASH). The deal was valued at approximately $120 million. An earlier LBO Wire report said that the transaction would include more than $70 million in debt financing, with CIT and BNP Paribas arranging senior debt, and Babson Capital arranging around $20 million in mezzanine notes.