M&A Deal Summary

American Industrial Partners Acquires Strike

On February 16, 2022, private equity firm American Industrial Partners acquired oil/gas exploration company Strike

Acquisition Highlights
  • This is American Industrial Partners’ 1st transaction in the Oil/Gas Exploration sector.
  • This is American Industrial Partners’ 41st transaction in the United States.
  • This is American Industrial Partners’ 4th transaction in Texas.

M&A Deal Summary
Date 2022-02-16
Target Strike
Sector Oil/Gas Exploration
Buyer(s) American Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) White & Case (Legal)

Target

Strike

The Woodlands, Texas, United States
Strike is a privately-held pipeline, facilities, and energy infrastructure solutions, provider. Strike delivers a full range of integrated engineering, construction, maintenance, integrity, and specialty services that span the entire oil and gas lifecycle. Strike is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

American Industrial Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

American Industrial Partners is a private equity firm focused on investments in North American manufacturing or industrial service companies. For platform acquisitions, the Firm seeks businesses with at least $500 million of revenue and the Firm will consider transactions valued up to $2 billion. Operating characteristics of prospective businesses include historical record of strong free cash flows, opportunities to drive value through operating enhancements, and sustainable competitive advantages. American Industrial Partners will consider a variety of transaction types including leveraged buyouts, structured equity investments, bridge financings, senior debt, carve-outs, take privates, turnarounds, and rescue financings. American Industrial Partners was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 47 of 52
Sector (Oil/Gas Exploration) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 16 of 16
State (Texas) 4 of 4
Country (United States) 41 of 45
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-23 RelaDyne

Cincinnati, Ohio, United States

RelaDyne is a distributor of lubricants, fuels & equipment reliability services to the commercial, industrial, and automotive markets. RelaDyne’s distribution platform spans more than 90 locations serving customers across the Central, Mid-Atlantic, and Southern U.S. RelaDyne was formed in 1982 and is based in Cincinnati, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Vertex

Madison, Mississippi, United States

Vertex delivers integrated turnkey lifecycle support from concept definition to engineering and manufacturing, through the end of life support of complex systems and platforms, Vertex offerings include all levels of aviation maintenance, worldwide contractor logistics support, systems engineering and integration, specialized onsite mission execution, high consequence training programs for defense and commercial customers, and integrated supply-chain solutions. Vertex is based in Madison, Mississippi.

Sell $2.1B
Mergr

Product

Company

Legal