Tracked deals
35
35 tracked deals across 2017-2026.
Private Equity Firm
Industrial Services
American Industrial Partners
New York, New York, United States
American Industrial Partners (AIP) is an operationally oriented middle-market private equity firm focused on buying and improving industrial businesses with operations in the U.S., Canada, and other developed markets. AIP invests in corporate divestitures, management buyouts, recapitalizations, and going-private transactions.
- Focus Areas
- Industrial software / automation platforms, Industrial services, Engineered products
- Website
- americanindustrial.com
Recent pace
4
4 tracked deals announced in the last 12 months.
Deal mix
Buyout
13 buyout · 12 addon · 8 divestiture
American Industrial Partners Acquisition Volume by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
Showing the 12 most recent of 35 tracked deals for American Industrial Partners.
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- Buyer
- American Industrial Partners (AIP)
- Target
- Honeywell International Inc. - Warehouse and Workflow Solutions (WWS)
- Seller
- Honeywell International Inc.
- Industry
- IT Services
- Location
- United States
- Type
- Buyout
American Industrial Partners (AIP) has signed a definitive agreement to acquire Honeywell’s Warehouse and Workflow Solutions (WWS) business. The deal will combine WWS (built on the Intelligrated and Transnorm legacies) with AIP portfolio company Trew to form a new independent warehouse automation platform expected to close in the second half of 2026, subject to regulatory approvals.
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- Buyer
- American Industrial Partners (AIP) (affiliates)
- Target
- Avanos Medical, Inc.
- Industry
- Medical Devices
- Location
- Georgia, United States
- Type
- Buyout
Avanos Medical entered into a definitive all-cash agreement to be acquired by affiliates of American Industrial Partners (AIP) in a transaction valued at approximately $1.272 billion. Under the terms, Avanos stockholders will receive $25.00 per share, a premium of 72.1% to the April 13, 2026 closing price, and the deal is expected to close in the second half of 2026 subject to customary conditions.
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January 24, 2026
- Buyer
- American Industrial Partners (AIP)
- Target
- International Paper - Global Cellulose Fibers (GCF)
- Seller
- International Paper
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Type
- Buyout
American Industrial Partners (AIP) has completed its acquisition of International Paper’s Global Cellulose Fibers (GCF) business. The transaction was valued at $1.5 billion, with AIP paying cash and issuing preferred stock to International Paper, and GCF now operates as an independent company.
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January 6, 2026
- Buyer
- ADDMAN Engineering LLC, American Industrial Partners
- Target
- Forecast 3D
- Seller
- GKN Powder Metallurgy
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Addon
ADDMAN Engineering LLC acquired Forecast 3D, a Carlsbad, California-based polymer additive manufacturing company, and will integrate it into ADDMAN’s Polymer division. The deal expands ADDMAN’s West Coast polymer capacity and adds powder-based polymer capabilities (including SLS and Multi Jet Fusion) plus a digital quoting and customer support platform.
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July 29, 2025
- Buyer
- RelaDyne, American Industrial Partners
- Target
- Santie Oil Company
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Buyout
RelaDyne, a portfolio company of American Industrial Partners, has acquired Santie Oil Company, a lubricant distributor serving industrial, commercial, and automotive customers in the Midwest. The deal expands RelaDyne’s regional distribution presence and enhances its e-commerce-enabled product and service offering.
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December 2, 2024
- Buyer
- American Industrial Partners (AIP)
- Target
- The Pittsburgh Paints Company (formerly PPG's U.S. and Canadian architectural coatings business)
- Seller
- PPG
- Industry
- Building Products
- Location
- Pennsylvania, United States
- Type
- Buyout
American Industrial Partners (AIP) completed the acquisition of PPG's U.S. and Canadian architectural coatings business for $550 million and has renamed the business The Pittsburgh Paints Company. The newly independent company — a top-three producer of interior and exterior paints, stains, caulks, adhesives and sealants with more than 6,000 employees and 750 company-owned stores — will operate as a focused platform serving professional and DIY end markets across the U.S. and Canada.
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July 31, 2024
- Buyer
- American Industrial Partners
- Target
- Nexpera (Veolia North America Sulfuric Acid Regeneration Business)
- Seller
- Veolia North America, Veolia
- Industry
- Industrial Services
- Location
- Delaware, United States
- Type
- Divestiture
American Industrial Partners (AIP) has acquired Veolia North America's Sulfuric Acid Regeneration Business, which has been renamed Nexpera. The business, headquartered in Newark, Delaware, operates 13 facilities across the U.S., employs about 300 people, and provides sulfuric acid and potassium hydroxide regeneration, sulfur gas recovery, and sulfur-based products to refineries and other industrial end markets.
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- Buyer
- American Industrial Partners (AIP)
- Target
- AGCO’s Grain & Protein division (rebranded as Grain & Protein Technologies)
- Seller
- AGCO Corporation
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Divestiture
American Industrial Partners (AIP) acquired AGCO’s Grain & Protein division in an all-cash transaction valued at approximately $700 million. The divested business operates as a standalone, privately held company named Grain & Protein Technologies, led by Jacob Thomas as CEO.
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July 9, 2024
- Buyer
- American Industrial Partners, Aker ASA (via Aker Capital AS)
- Target
- Aker BioMarine Feed Ingredients (Feed Ingredients segment of Aker BioMarine)
- Seller
- Aker BioMarine
- Industry
- Food & Beverage
- Location
- Oslo, Norway
- Type
- Buyout
American Industrial Partners (AIP) has acquired a 60% ownership stake in Aker BioMarine's Feed Ingredients segment, which will be held in a newly established company (Aker BioMarine Antarctic Holding II AS). Aker ASA (via Aker Capital AS) will retain a 40% ownership stake; the Feed Ingredients business is headquartered in Oslo, Norway and employs approximately 450 people and crewmembers. The investment aims to accelerate growth in krill-based aquaculture feed, animal health and sustainability applications globally.
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- Buyer
- American Industrial Partners
- Target
- Austin Powder
- Seller
- Austin Powder existing long-term ownership group / family shareholders
- Industry
- Manufacturing
- Location
- Ohio, United States
- Type
- Growth capital
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.
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- Buyer
- American Industrial Partners Capital Fund VIII, L.P. (managed by AIP, LLC)
- Target
- Boart Longyear Group Ltd.
- Seller
- Boart Longyear's public shareholders
- Industry
- Industrial Services
- Location
- Utah, United States
- Type
- Buyout
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.
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December 18, 2023
- Buyer
- American Industrial Partners (AIP), Talweg Capital
- Target
- AquaShip AS, Intership AS
- Seller
- Alchemy
- Industry
- Transportation
- Location
- Møre og Romsdal, Norway
- Type
- Buyout
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.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
10 tracked deals by American Industrial Partners.
Industrial Services Buyers & Acquisitions
8 tracked deals by American Industrial Partners.
Aerospace & Defense Buyers & Acquisitions
4 tracked deals by American Industrial Partners.
Energy Buyers & Acquisitions
3 tracked deals by American Industrial Partners.
Acquisitions in California
4 tracked deals by American Industrial Partners.
Acquisitions in Missouri
3 tracked deals by American Industrial Partners.
Acquisitions in Georgia
2 tracked deals by American Industrial Partners.
Acquisitions in Indiana
2 tracked deals by American Industrial Partners.
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