Black Diamond Acquires Assets and Subsidiaries of IAP Worldwide Services

Apollo, J.F. Lehman & Hill City Capital Acquire Atlas Air Worldwide for $5.2 Billion

March 17, 2023

Transportation

An investor group led by funds managed by affiliates of Apollo, together with J.F. Lehman & Company and Hill City Capital, acquired Atlas Air Worldwide for an enterprise value of approximately $5.2 billion, paying $102.50 per share in cash. Atlas Air Worldwide will become privately held and continue operating under its existing leadership to accelerate execution of its strategic plan and capitalize on long-term demand for global air cargo services.

Macquarie Asset Management Acquires Minority Stake in Dow's U.S. Gulf Coast Infrastructure to Launch Diamond Infrastructure Solutions

December 9, 2024

Infrastructure

A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.

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.

TDR Capital V and I Squared Capital Acquire Majority Stake in Applus Services

June 14, 2024

Industrial Services

Amber EquityCo S.L.U., a vehicle formed and jointly controlled by TDR Capital and funds advised by I Squared Capital, has completed the acquisition of a majority stake in Applus Services, S.A. Applus is a global leader in testing, inspection, and certification (TIC), operating in 70+ countries with more than 26,000 employees and serving energy, automotive, aerospace and industrial markets.

The Jordan Company Recapitalizes AIT Worldwide Logistics; Quad‑C Exits

March 17, 2021

Logistics & Distribution

The Jordan Company has agreed to recapitalize AIT Worldwide Logistics in a transaction valued at over $1.2 billion, acquiring Quad‑C Management's stake while AIT management remains significant shareholders. AIT, a Chicago‑based non‑asset‑based global freight forwarder offering air, ocean, ground and customs services, will continue to be led by President and CEO Vaughn Moore and his senior team.

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.