American Industrial Partners Acquires Aluminium Duffel (Aluminium Belgium BV)

American Industrial Partners Acquires Aluminium Dunkerque Smelter (Loon-Plage, France)

October 1, 2021

Manufacturing

American Industrial Partners (AIP) acquired ownership of the Aluminium Dunkerque smelter in Loon-Plage, France via foreclosure on pledged shares of Liberty France Industries 1 SA. The transaction gives AIP control of three French legal entities that operate the smelter and AIP said it will continue operations with the existing local leadership and provide additional capital to support the business.

American Industrial Partners Acquires Aleris North American Rolled Products (now Commonwealth Rolled Products)

December 1, 2020

Manufacturing

American Industrial Partners (AIP) completed its purchase of the former Aleris North American automotive and common-alloy aluminum rolled products business on December 1, 2020. The divested business (renamed Commonwealth Rolled Products) includes the Lewisport, Kentucky production facility and a Madison Heights, Michigan R&D center; AIP intends to invest in and upgrade the Lewisport mill to expand its automotive body sheet capabilities.

American Industrial Partners Acquires AquaShip AS and Intership AS and Combines Them into Global Aqua Services Platform

December 18, 2023

Transportation

American Industrial Partners (AIP) has become the majority and controlling shareholder of Norway-based AquaShip AS and Intership AS and will merge the two companies into a single global aquaculture service vessel operator. Talweg Capital co-invested in the combined company; Alchemy sold its stake in Intership. The combined business will operate a fleet of 39 vessels with nearly 700 employees and serve salmon farmers across Norway, Scotland, Ireland, Chile, Canada, and the United Kingdom.

American Industrial Partners Completes Take-Private Acquisition of Boart Longyear

April 10, 2024

Industrial Services

American Industrial Partners (AIP) completed a court-approved take-private acquisition of Boart Longyear Group Ltd., acquiring all outstanding shares and taking the company private. AIP said it will partner with Boart Longyear management to deploy operational capabilities (product engineering, aftermarket, procurement, LEAN, IT, finance) and invest to accelerate growth in the company's drilling services, equipment manufacturing, and orebody-knowledge technology businesses.

American Industrial Partners Acquires RelaDyne from Audax Private Equity

December 23, 2021

Industrial Services

American Industrial Partners (AIP) has acquired RelaDyne, Inc., a U.S. provider of lubricants, fuel, diesel exhaust fluid and industrial reliability services, from Audax Private Equity. The deal positions AIP to support RelaDyne's continued buy-and-build growth and operational initiatives; terms were not disclosed.

IK Investment Partners Acquires Majority Stake in ALBA Baving Group

November 6, 2020

Environmental Services

IK Investment Partners' IK Small Cap II Fund has agreed to acquire a majority stake in ALBA Baving Group from the founding Baving family. ALBA is a German provider of municipal infrastructure cleaning and maintenance services (street sweeping, sink-box cleaning, highway maintenance, winter and greenspace services); IK will support management to accelerate organic growth and expand the company's service offering. Financial terms were not disclosed and the transaction remains subject to regulatory approval.