New York, NY – 10 April 2024 American Industrial Partners Capital Fund VIII, L.P., an investment fund managed by AIP, LLC (“AIP” or “American Industrial Partners”) today completed its purchase of Boart Longyear Group Ltd. (“Boart Longyear” or the “Company”) (ASX:BLY) through a court approved plan of arrangement. “The closing of this acquisition marks a new chapter in Boart Longyear’s 134-year history,” said Zac Carson of AIP. “Boart Longyear has been an industry leader for more than a century, and we aspire to further strengthen that position in partnership with company management by deploying ..read more

New York, NY – 3 January 2024 American Industrial Partners Capital Fund VIII, L.P., an investment fund managed by AIP, LLC (“AIP” or “American Industrial Partners”) announced last week that its entered into a binding arrangement agreement with Boart Longyear Group Ltd. (“Boart Longyear” or the “Company”) (ASX:BLY) to acquire all of the issued and outstanding common shares of Boart Longyear pursuant to a court approved plan of arrangement. The transaction is currently expected to be completed in the first quarter of 2024. Each of the Company’s five largest shareholders, who in aggregate hold be ..read more

New York, NY, Kristiansund, Norway, and Hareid, Norway (December 18, 2023) American Industrial Partners Capital Fund VII, LP, an investment fund managed by American Industrial Partners (“AIP” or “American Industrial Partners”) today announced that it has become the majority and controlling shareholder in AquaShip AS (“AquaShip”) and Intership AS (“Intership”) and will merge the two companies to form one of the largest, most diversified aqua service vessel operators globally. The combined company will be led by CEO Sverre Taknes operating from Kristiansund and Executive Chairman Ole-Peter Brand ..read more

New York, October 31, 2023 American Industrial Partners (“AIP”), a New York-based industrial-focused private equity firm, closed its eighth fund, American Industrial Partners Capital Fund VIII, L.P. (“Fund VIII”) at its hard cap of $5 billion in Limited Partner commitments and was oversubscribed. Fund VIII achieved its hard cap with broad support from its long-term existing investor base that comprises pension plans, sovereign wealth funds, insurance companies, endowments, fund of funds, gatekeepers, and family offices, as well as new investors that further diversified AIP’s investor base by s ..read more

NEW YORK (September 20, 2023) – American Industrial Partners (AIP) announces Lawrence Steyn and Jamie Tam have joined the firm as business development focused Partners. Lawrence most recently served as Chief Financial Officer of Pony.ai, a global company spearheading the future of autonomous mobility building the industry’s safest and most reliable self-driving technology. Prior to Pony.ai, Lawrence covered industrial corporates for nearly 30 years as Vice Chairman of Investment Banking at JPMorgan, Managing Director at Morgan Stanley, and Executive Director at Goldman Sachs. He holds a BA wit ..read more

New York, NY and Duffel, Belgium, June 14, 2022: American Industrial Partners Capital Fund VII, L.P. (“AIP”), through an affiliated entity, yesterday acquired ownership of the aluminium rolling mill located in Duffel, Belgium (“Aluminium Duffel”).  The acquisition was completed through a consensual purchase and sale of 100% of the shares of Aluminium Belgium BV, the parent company which owns Aluminium Duffel, by AIP from the owner of those shares, Ecnavla 8 UK Ltd, a UK company. Geert Vannuffelen, General Manager of Aluminium Duffel, stated: “Today marks a major milestone in our company’s ..read more

February 14, 2022 04:53 PM Eastern Standard Time HOUSTON–(BUSINESS WIRE)–Strike, LLC (“the Company”) today announced the successful completion of the sale of substantially all of the Company’s assets to an affiliate of American Industrial Partners (“AIP”). The new Strike is emerging from a short, efficient reorganization process where it substantially de-levered and it is poised for a fresh start in its marketplace. The Company eliminated over $200 million of debt and substantial liabilities from its balance sheet. In its new, streamlined form, Strike will deliver even better and more reliable ..read more

Creates a Leading Government Services Company with 2021 Pro Forma Revenue of Approximately $3.4 Billion, Backlog of Approximately $11.3 Billion, and Adjusted EBITDA of Approximately $283 Million  Expected Annualized Cost Synergies of $20 Million, Resulting in Adjusted EBITDA Margin of More Than 8%  Broadens Portfolio of Solutions and Technologies to Provide Full Life-Cycle Support Across the Converged Environment  Transaction Expected to be Accretive to Adjusted EPS and Free Cash Flow per Share in First Full Year Post-Closing  Companies to Host Conference Call Today at 8:00 ..read more

Global LPs and GPs representing $8.7 trillion USD in AUM and more than 1,400 private companies commit to collaborative ESG reporting system in its inaugural year January 28th, 2022 – Since its launch in September 2021, the ESG Data Convergence Project, which seeks to standardize ESG metrics and provide a mechanism for comparative reporting for the private market industry, has announced a milestone commitment of over 100 leading general partners (GPs) and limited partners (LPs) from across the globe to its partnership. The collaboration now represents $8.7 trillion USD in AUM and over 1,400 und ..read more

Bonita Springs, FL Jan 3, 2022: ADDMAN Engineering (“ADDMAN”) announced that it has acquired Castheon Inc. (“Castheon” or “Company”), a leading provider of additive manufacturing technologies for mission-critical space applications. Founded in 2016 by Dr. Youping Gao, Castheon is an innovative developer of additive manufacturing processes and a leading metals additive manufacturer for demanding end markets. The Company has deep expertise in metals printing and has developed processes that promise to meaningfully expand the use of traditionally difficult to manufacture refractory metals. Casthe ..read more