American Industrial Partners Acquires Strike, LLC

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 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 Acquires SEACOR Holdings in $1B Take-Private

April 15, 2021

Transportation

American Industrial Partners (AIP) completed a take-private acquisition of SEACOR Holdings Inc. via a tender offer at $41.50 per share, valuing the company at roughly $1 billion including net debt. The transaction was effected through AIP affiliate Safari Merger Subsidiary, Inc.; SEACOR's shares were converted and delisted from the NYSE, and AIP will work with SEACOR management to pursue long-term growth and industry consolidation.

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

February 16, 2021

Manufacturing

American Industrial Partners (AIP) agreed to acquire a majority interest in the High Pressure Solutions (HPS) segment of Ingersoll Rand, a transaction completed in early 2021. The deal (reported at about $300M) makes HPS a standalone business focused on manufacturing, service, and repair of high-pressure pumps and related consumables for the upstream energy market, with AIP providing operational support to drive product development, supply-chain optimization and growth.

American Industrial Partners Acquires Current (powered by GE)

April 1, 2019

Energy

American Industrial Partners (AIP) has completed the acquisition of Current, powered by GE, from General Electric. Current — a provider of LED lighting, intelligent controls, sensors and software for commercial, industrial and municipal customers — will continue to use the GE brand under a long-term licensing agreement as it operates under AIP ownership.