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AIP sells Northwest Hardwoods to Littlejohn

Littlejohn & Co. has acquired Northwest Hardwoods from American Industrial Partners. No financial terms were disclosed. Gibson, Dunn & Crutcher and Morgan Stanley advised Littlejohn on the transaction while Baker Botts and Goldman Sachs advised AIP. Headquartered in Tacoma, Washington, NWH is a hardwood lumber maker and distributor.

AIP to acquire Flow International Corporation

Flow International Corporation, a developer and manufacturer of industrial waterjet machines for cutting and cleaning applications is to be acquired by American Industrial Partners. The transaction is valued in excess of $200 million.

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American Industrial Buys Potomac Supply

American Industrial Partners has acquired the operating assets of Potomac Supply Corp. Financial terms weren’t announced. Potomac Supply Corp., of Kinsale, Va., makes wood products such as treated lumber, wood pellets, decking, fencing and pallets. The company filed Chapter 11 bankruptcy protection earlier this month. Jim Decker of Morgan Joseph advised Potomac along with Stephen Clarke, Alex Fisch and Si Li.

American Industrial Partners Sells Micro-Poise Measurement Systems to AMETEK

AMETEK has acquired Micro-Poise Measurement Systems, a provider of integrated test and measurement solutions for the tire industry, from American Industrial Partners for approximately $170 million in cash. Micro-Poise is headquartered in Streetsboro, OH, and has additional manufacturing operations in Troy, MI; Beijing, China; and Lubeck, Germany.

Presstek to Be Acquired by Affiliate of American Industrial Partners

Presstek, a Greenwich, Conn.-based company that makes plates for printing presses, is being acquired by MAI Holdings, an affiliate of American Industrial Partners Capital Fund IV. Under terms of the agreement, Presstek’s shareholders will receive $0.50 in cash for each share of common stock, which represents a premium of 16.3% over the company’s closing share […]

American Industrial Partners Buys Heil Trailer

American Industrial Partners has closed its buy of Heil Trailer International. The seller was Dover Corp. Financial terms weren’t announced. Athens, Tenn.-based Heil Trailer provides engineered tank and specialty trailers.

American Industrial Partners Closes Fund with $700M

American Industrial Partners, a New York-based middle market buyout firm, has closed its new fund, American Industrial Partners Capital Fund V, L.P., with $700 million. The firm, which focuses on buying North American industrial businesses, said it exceeded its $500 million target.

American Industrial Partners Expected To Close Fund V At $700M

American Industrial Partners is set to close its fifth buyout fund, possibly as early as this week, Buyouts reported earlier Monday, citing two sources. The New York-based shop will close the fund at its hard cap of $700 million, $200 million ahead of target, the sources said. The fundraise is impressive considering, according to the […]

Allied Specialty Vehicles Buys Ambulance Maker

Allied Specialty Vehicles, a portfolio company of the private equity firm American Industrial Partners, has purchased ambulance maker Road Rescue from Spartan Motors. PRESS RELEASE: Allied Specialty Vehicles, Inc. (“ASV” or the “Company”), a portfolio company of American Industrial Partners (“AIP”), today announced that it has purchased ambulance manufacturer Road Rescue from Spartan Motors, Inc. […]

American Industrial Partners Buys Celerity Assets

American Industrial Partners has acquired the operating assets of Celerity Inc.’s systems integration business. No financial terms were disclosed. TPG Capital acquired Celerity in early 2006, and it also has received funding from Sovereign Capital and Tennenbaum Capital Partners.

American Industrial Partners Buying Fleetwood’s Motor Home Biz

American Industrial Partners has agreed to buy the motor home business of Fleetwood Enterprises Inc. (OTC BB: FLTWQ). The deal is valued at $53 million, with assumed liabilities not to exceed $18 million. Greenhill & Co. is running the sale process, which is subject to U.S. Bankruptcy Court approval. Fleetwood shareholders include Tennenbaum Capital Partners.

American Industrial Partners-Backed Co. Adds On

Brooks Instruments, a portfolio company of American Industrial Partners, has acquired Key Instruments, a flow meter maker based in Pennsylvania. Deal terms were not disclosed. Press release: Key Instruments, a division of Brooks Instrument, is celebrating their 50th year anniversary this month. Founded in 1959, Key Instruments began as a manufacturer of injection-molded parts for […]

American Industrial Offers To Buy Fleetwood

American Industrial Partners, a buyout firm based in New York, has offered to purchase the RV business of Fleetwood Enterprises for $53 million, according to court documents. The business, which was previously owned by Tennenbaum Capital Partners and Marathon Asset Management, filed for Chapter 11 bankruptcy protection in March. Company Web site.

Mark Andy Buys Rotoflex International

Mark Andy, a St. Louis-based printing equipment company, has acquired the assets of Rotoflex International, a provider of web inspection and finishing equipment. No financial terms were disclosed. American Industrial Partners acquired Mark Andy earlier this year from Morgenthaler Partners.

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