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
Location
Utah, United States
Transaction Type
Buyout

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