American Industrial Partners Completes Take-Private Acquisition of Boart Longyear
April 10, 2024
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.
- Buyers
- American Industrial Partners Capital Fund VIII, L.P. (managed by AIP, LLC)
- Targets
- Boart Longyear Group Ltd.
- Sellers
- Boart Longyear's public shareholders
- Industry
- Industrial Services
- Location
- Utah, United States
- Transaction Type
- Buyout
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