American Industrial Partners Acquires Ingersoll Rand's High Pressure Solutions Segment

American Industrial Partners Makes Strategic Investment in Austin Powder

July 1, 2024

Manufacturing

American Industrial Partners (AIP) has made a strategic growth investment in Austin Powder to support the company's expansion, innovation and global growth plans while partnering with Austin’s existing long-term ownership group and management team. Financial terms were not disclosed; the investment will provide AIP’s financial and operational resources to accelerate geographic expansion and capability development across Austin Powder’s explosives manufacturing and blasting services business.

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 PPG's U.S. & Canadian Architectural Coatings Business (Pittsburgh Paints Co.)

December 2, 2024

Building Products

American Industrial Partners (AIP) completed the acquisition of PPG's U.S. and Canadian architectural coatings business for $550 million and has renamed the business The Pittsburgh Paints Company. The newly independent company — a top-three producer of interior and exterior paints, stains, caulks, adhesives and sealants with more than 6,000 employees and 750 company-owned stores — will operate as a focused platform serving professional and DIY end markets across the U.S. and Canada.

American Industrial Partners Acquires Strike, LLC

February 14, 2022

Energy

American Industrial Partners (AIP) acquired substantially all of the assets of Strike, LLC in a transaction that follows Strike’s reorganization and debt reduction. AIP has positioned Strike as a new platform investment for its Fund 7 to support the company’s turnaround, growth, and improved service delivery across North America.

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.

Integrated Polymer Solutions Acquires IRP Group

February 18, 2021

Medical Devices

Integrated Polymer Solutions (IPS), a portfolio company of Arcline Investment Management, acquired IRP Group, a Southern California manufacturer of precision elastomeric sealing components. The deal expands IPS's liquid silicone rubber (LSR) molding capabilities and strengthens its position in the Class I/II medical device and aerospace & defense end markets; founder Rod Trujillo and President Casper Zublin will continue as senior advisors.