Wrist Group Acquires Military Services Australia to Bolster Defense Logistics

Targeting the Indo-Pacific defense sector, Danish marine logistics giant Wrist Group has acquired Military Services Australia and its subsidiary, Downie Jones Ship Stores. The deal integrates MSA’s specialized naval husbanding expertise with Wrist’s expansive global supply chain, marking a calculated expansion for the J.F. Lehman & Company portfolio firm.

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The acquisition aims to solidify Wrist’s footprint in government and naval supply services. According to Group CFO Anders Skipper, the move leverages MSA’s existing regional relationships to enhance the group's overall capacity for handling complex defense logistics. MSA CEO Peter Price noted that the transition into a global organization will provide the necessary infrastructure to scale their specialized maritime offerings.

Will Hanenberg, Chairman of Wrist and partner at J.F. Lehman & Company, emphasized that the partnership is designed to drive long-term growth across the Indo-Pacific theater. Jones Day acted as lead legal counsel for the buyers, while KPMG provided financial and tax advisory services to MSA during the transaction. Wrist currently operates across 40 global locations, maintaining a supply network that reaches over 750 ports.

Wrist Group Acquires Military Services Australia to Bolster Defense Logistics

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