JA Moody – a premier maritime supplier of fluid control valves, actuators, strainers, parts, and services to the US Navy and Commercial Marine industry – announced a strategic partnership and investment from New Heritage Capital, a Boston-based private equity firm specializing in founder-owned businesses.
The investment was structured using Heritage’s Private IPO solution, which preserves operational control for JA Moody’s management while providing capital for accelerated growth. Terms of the transaction, which included Moody Marine Services, the company’s technical services division, were not disclosed.
Heritage worked with the investment banking team at BlackArch Partners, led by Chuck Thompson, and its legal counsel, Choate Hall & Stewart LLP, led by T.J. Murphy, for their efforts in ensuring a smooth and timely close and facilitating the start of an exciting partnership.
KEY QUOTES:
“This partnership marks an exciting new chapter in our company’s history. Our unwavering commitment to service excellence and innovation will be amplified through our collaboration with New Heritage Capital. We’re expanding our footprint nationally and establishing a board with senior industry advisors, while maintaining our core executive team — myself as CEO, Greg Buzan as COO of JA Moody and Kevin Thibault as President of Moody Marine Service.”
- Lisa Smith, CEO of JA Moody
“JA Moody’s integrated solutions and deep industry expertise have established them as a leader in maritime services. We’re excited to support their continued growth and expansion.”
- Mark Jrolf, Managing Senior Partner at Heritage
