Wrist Group Acquires Military Services Australia to Bolster Naval Supply

The integration of Military Services Australia—known as MSA—into the Wrist portfolio signals a pivot toward high-stakes defense contracts. Anders Skipper, Group CFO at Wrist, noted that the acquisition leverages MSA’s existing government relationships to expand the company’s reach beyond commercial shipping. For MSA, the deal provides access to the broader supply chain infrastructure of a firm that currently operates in over 40 locations worldwide.

Will Hanenberg, Chairman of Wrist and partner at J.F. Lehman & Company, emphasized that the firm intends to build on the foundation laid by Peter and Paddy Price. Legal oversight for the transaction was provided by Jones Day and Gorrissen Federspiel, while KPMG Corporate Finance handled financial advisory duties for the sellers. The acquisition marks a significant expansion for JFLCO, which manages over $9 billion in assets with a specific focus on the aerospace and maritime defense sectors.