American Industrial Partners’ Fund VI raises $1.8 bln

By Luisa Beltran — 2 months ago

American Industrial Partners said Wednesday that it closed its sixth fund at its $1.8 billion hard cap. Fund VI will seek to make equity and debt investments in North American-headquartered industrial companies with sales greater than $75 million. Acalyx Advisors acted as lead placement agent, while MVision Private Equity Advisers acted as strategic fundraising advisor on selected LPs in the Middle East and Asia.


AIP completes Goss acquisition

By Iris Dorbian — 2 months ago

American Industrial Partners has closed its buy of Goss International from Shanghai Electric Corp. No financial terms were disclosed. Based in Durham, New Hampshire, Goss is a maker of web offset printing presses and finishing systems.


Anixter sells Fasteners unit to AIP

By Iris Dorbian — 6 months ago

American Industrial Partners has acquired Anixter International’s OEM Supply-Fasteners segment. The price of the acquisition was $380 million in cash. Fasteners has been renamed Optimas OE Solutions. Goldman Sachs served as financial adviser to Anixter on the transaction.


Flow International makes LeBlanc president

By Luisa Beltran — 1 year ago

Dick LeBlanc was named President of Flow International Corp. effective immediately. LeBlanc will report directly to the Waterjet Holdings President & CEO David Savage. LeBlanc most recently served as the EVP of Global Sales and Marketing for Flow, which develops and makes industrial waterjet machines for cutting applications. Waterjet Holdings, which is backed by American Industrial Partners, acquired Flow in January.


AIP sells Northwest Hardwoods to Littlejohn

By Iris Dorbian — 1 year ago

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.


American Industrial Buys Potomac Supply

By Luisa Beltran — 3 years ago

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.


Presstek to Be Acquired by Affiliate of American Industrial Partners

By Connie Loizos — 3 years ago

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 Closes Fund with $700M

4 years ago

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

By Bernard Vaughan — 4 years ago

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

By PEHub Administrator — 5 years ago

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. […]