AIP Fund VII Acquires Veoneer’s Restraint Control Systems Business

Magna International Acquires Veoneer's Active Safety Business

June 1, 2023

Automotive

Magna International agreed to acquire Veoneer's Active Safety business from SSW Partners (Veoneer) for $1.525 billion in cash; the transaction was announced December 20, 2022 and completed June 1, 2023. The acquisition combines Veoneer's Active Safety product portfolio and engineering capability with Magna's ADAS business to create a strengthened global supplier of advanced driver assistance systems and accelerate product and geographic reach.

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.

Saothair Capital Partners Acquires AAI (to be Renamed Air Products and Controls)

October 14, 2025

Manufacturing

Saothair Capital Partners has completed the acquisition of AAI from Halma Holdings Inc.; following the transaction AAI will be renamed Air Products and Controls (APC). Headquartered in Auburn Hills, Michigan, AAI designs and manufactures fire and life-safety detection devices (wireless smoke, heat and CO detectors) sold to residential security OEMs, HVAC and fire-system OEMs, and commercial distributors.

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 Invests in Orizon Aerostructures

December 28, 2020

Aerospace & Defense

On December 28, 2020, private equity firm American Industrial Partners (AIP) invested $50 million (a combination of loan and equity) in Orizon Aerostructures to provide additional liquidity and support the company’s growth and long-term strategy. The capital will help Orizon expand capabilities across its advanced machining, processing and assembly operations for commercial and defense aerostructure platforms.

AWP Safety Acquires RHV Capital's Traffic Control Group and Texas Traffic and Barricade

August 2, 2023

Industrial Services

AWP Safety, the Kohlberg & Company-backed worksite safety platform, acquired RHV Capital's Traffic Control Group (Arrive Alive Traffic Control, Give 'Em a Brake Safety, Stay Alert Safety Services) and Texas Traffic and Barricade. The add-on deal expands AWP Safety's national footprint across utility, broadband and transportation infrastructure end markets and brings additional regional teams and capabilities into its platform.