Investment Summary

American Industrial Partners Invests In Austin Powder

On July 1, 2024, private equity firm American Industrial Partners invested in manufacturer Austin Powder

Investment Highlights
  • This is American Industrial Partners’ 5th transaction in the Manufacturing sector.
  • This is American Industrial Partners’ 43rd transaction in the United States.
  • This is American Industrial Partners’ 5th transaction in Ohio.

Investment Summary
Date 2024-07-01
Target Austin Powder
Sector Manufacturing
Investor(s) American Industrial Partners
Deal Type Growth Capital
Advisor(s) J.P. Morgan Securities
KeyBanc Capital Markets (Financial)
Jones Day (Legal)

Target

Austin Powder

Cleveland, Ohio, United States
Austin Powder offers manufacturing, distributing, and application of industrial explosives for quarrying, surface mining, underground mining, oil and gas, seismic, and construction markets. The company provides a broad range of highly engineered solutions all of which are developed to advance the safety, reliability, and efficiency of breaking rock. Austin Powder was formed in 1833 and is based in Cleveland, Ohio.

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Investor(S) 1

Investor

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 49 of 52
Sector (Manufacturing) 5 of 5
Type (Growth Capital) 2 of 2
State (Ohio) 5 of 5
Country (United States) 43 of 45
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-29 Carlstar Group

Franklin, Tennessee, United States

Carlstar Group is a producer of original equipment and aftermarket industrial belts, specialty tires and wheels for agriculture, construction, industry, outdoor power equipment, powersports, towables and trailers. Carlstar Group was founded in 1995 and is based in Franklin, Tennessee.

Sell $296M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-09 Aker BioMarine - Feed Ingredients Business

Norway

Aker BioMarine's Feed Ingredients Business is an industrial-scale krill harvester and brings a natural, sustainable, and health-promoting source of nutrients into both animal and human nutrition.

Buy -
Mergr

Product

Company

Legal