Gulf Coast Marine Technology Company Acquired by New York Equity Investment Firm

Metairie company Robichaux Automation and Control (RAACI) was recently acquired by USJ-IMECO Holding Company, a portfolio company of private equity investment firm J. F. Lehman and Company.

Robichaux Automation and ControlRAACI provides top customer service with on-budget contracting and on-time delivery to customers.

USJ-IMECO is a leading independent provider of turnkey marine joiner, distributed and electro-mechanical systems and solutions.

Tom Eccles, CEO of USJ-IMECO, said, “We are very pleased to welcome RAACI and its employees to the USJ-IMECO family. The addition of RAACI adds a highly complementary set of engineered electrical, control and automation solutions and capabilities to the USJ-IMECO platform which will ultimately allow us to better serve our customers.”

RAACI offers engineering and manufacturing services including machinery plant control and monitoring systems, electric plant automatic control, automated fire control systems, automated flooding control systems, damage control systems, ballast automation, LNG gasification control systems and cargo control systems.

“This acquisition also strengthens our presence in the U.S. Gulf Coast region and improves our ability to support shipyards serving the oil and gas market,” said Eccles.

Gay LeBreton with the local investment banking firm Chaffee & Associates helped close the deal. He said that the buyers intend to grow the firm. “Robichaux gives them the opportunity to grow in both the commercial sectors and expand their geography as well.”

Although details of the acquisition were not disclosed, it is believed that all 25 members of the RAACI team will remain at the company following the deal.