American Industrial Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, American Industrial Partners has acquired 11 companies. It has also invested in 1 other.

American Industrial Partners’ most common sectors for investment aremachinery (23%) and automotive (12%) . The Firm’s most common investment types include divestiture (36%) and buyout (lbo, mbo, mbi) (31%). In total, American Industrial Partners has invested in 27 US states and 7 different countries. Its largest (disclosed) acquisition occurred in 2017 when it acquired Molycop for $1.2B.

In the last 3 years, American Industrial Partners has exited 6 companies. The Firm’s most common exit type is secondary buyout (36%). American Industrial Partners’ largest (disclosed) exit occurred in 2022 when it sold The Vertex for $2.1B.

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M&A Summary

  • M&A Total Activity78
    • M&A Buy Activity53
    • M&A Sell Activity25
  • Total Sectors Invested 20
  • Total Countries Invested 7
  • M&A Buy/Sell Connections 25
  • M&A Advisors 14

American Industrial Partners

450 Lexington Ave, 40th Floor,
New York, New York 10017
United States
(212) 627-2360
www.americanindustrial.com

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.


Investment Criteria

Sectors of Interest: Automotive, Chemicals, Construction, Consumer Products, Energy Services and Equipment, Machinery, Manufacturing, Safety/Security, Test/Measurement Equipment

Target Transaction Types: Buyout (LBO, MBO, MBI), Divestiture, Special Situations/Distressed, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US, Canada

Transaction Criteria Min Max
Target Revenue 500 -
Target EBITDA - 350
Investment Size - -
Enterprise Value - 2,000
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (3.0/yr) # 38 3 5 1 - 6 53
vol $2.7B $1.2B $920M $700M $5.5B
Sell (1.2/yr) # 19 - 3 1 - 2 25
vol $500M $338M $2.1B $296M $3.2B
  78

Most Recent M&A

Company Date Value Type
Virtek Vision International, Inc. 2024-10-31 - Trade Sale
Waterloo, Ontario · www.virtekvision.com
PPG - Architectural coatings business 2024-10-17 - Divestiture
Pittsburgh, Pennsylvania
Nexpera LLC 2024-07-31 - Divestiture
Newark, Delaware · www.nexperasolutions.com
AGCO - Grain & Protein Division 2024-07-25 700M USD Divestiture
Duluth, Georgia
Aker BioMarine - Feed Ingredients Business 2024-07-09 - Divestiture
, Norway
Austin Powder Co. 2024-07-01 - Growth Capital
Cleveland, Ohio · www.austinpowder.com
The Carlstar Group LLC 2024-02-29 296M USD Trade Sale
Franklin, Tennessee · www.carlstargroup.com
Boart Longyear Ltd. 2024-01-03 - Going Private
Salt Lake City, Utah · www.boartlongyear.com
The Vertex Co. 2022-03-07 2.1B USD Merger
Madison, Mississippi · www.vtxco.com
Strike, Inc. 2022-02-16 - Buyout (LBO, MBO, MBI)
The Woodlands, Texas · www.strikeusa.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Rand Logistics, Inc. 2017-11-21 Andrie, Inc. 2024-07-31 2
Jersey City, New Jersey · www.randlogisticsinc.com Muskegon, Michigan · www.andrietg.com
REV Group, Inc. 2010-08-25 Collins Bus Corp. 2024-01-29 1
Milwaukee, Wisconsin · www.revgroup.com Hutchinson, Kansas · www.collinsbus.com
ADDMAN Engineering 2021-01-01 Domaille Engineering LLC 2021-12-03 4
Bonita Springs, Florida · www.addmangroup.com Rochester, Minnesota · www.domailleengineering.com
ADDMAN Engineering 2021-01-01 3rd Dimension Industrial 3D Printing Co. 2021-04-13 3
Bonita Springs, Florida · www.addmangroup.com Westfield, Indiana · www.print3d4u.com
Optimas OE Solutions LLC 2015-06-02 Stronghold Group 2020-04-06 1
Glenview, Illinois · www.optimas.com Schwalbach, Germany · www.stronghold-group.eu
Rand Logistics, Inc. 2017-11-21 American Steamship Co. 2020-02-10 1
Jersey City, New Jersey · www.randlogisticsinc.com Williamsville, New York · www.americansteamship.com
REV Group, Inc. 2010-08-25 Spartan Motors, Inc. - Emergency Response Unit 2020-02-03 10
Milwaukee, Wisconsin · www.revgroup.com , Michigan
Canam Group, Inc. 2017-07-01 Canam Group - Canadian Operations 2020-01-20 1
Point of Rocks, Maryland · www.cscsteelusa.com , Quebec
EnTrans International, LLC 2014-09-05 Polar Corp. 2018-03-19 1
Athens, Tennessee · www.entransinternational.com Montebello, California · www.polarcorp.com
Form Technologies, Inc. 2015-01-01 Dynacast International, Inc. 2018-01-09 1
Charlotte, North Carolina · www.formtechnologies.com Charlotte, North Carolina · www.dynacast.com

M&A by Sector

Sector Current # Value All-time # Value
Machinery 5 (17%) 848M (18%) 12 (23%) 848M (17%)
Automotive 1 (3%) - 6 (11%) -
Manufacturing 5 (17%) 1.2B (26%) 5 (9%) 1.2B (25%)
Aerospace 3 (10%) 540M (11%) 4 (8%) 540M (11%)
Chemicals 2 (7%) - 4 (8%) -
Building Materials 1 (3%) - 3 (6%) 127M (3%)
Transportation 2 (7%) 1.0B (21%) 2 (4%) 1.0B (20%)
Metals/Mining 2 (7%) 171M (4%) 2 (4%) 171M (3%)
Test/Measurement Equipment - - 2 (4%) 100M (2%)
Energy Services and Equipment 1 (3%) - 2 (4%) -
Forest Products - - 2 (4%) -
Consumer Products 1 (3%) 920M (20%) 1 (2%) 920M (19%)
Business Services 1 (3%) - 1 (2%) -
Distribution 1 (3%) - 1 (2%) -
Electrical Equipment 1 (3%) - 1 (2%) -
Engineering 1 (3%) - 1 (2%) -
Information Technology - - 1 (2%) -
Life Science 1 (3%) - 1 (2%) -
Oil/Gas Exploration 1 (3%) - 1 (2%) -
Safety/Security - - 1 (2%) -
Total 29 $4.7B 53 $4.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 25 (86%) 4.7B (100%) 46 (87%) 5.4B (100%)
  Ohio 3 (10%) - 5 (9%) -
  Florida 3 (10%) 1.5B (33%) 4 (8%) 1.5B (29%)
  Texas 3 (10%) - 4 (8%) -
  Pennsylvania 1 (3%) - 3 (6%) 100M (2%)
  Missouri 1 (3%) - 3 (6%) -
  North Carolina 2 (7%) 920M (20%) 2 (4%) 920M (17%)
  Michigan 1 (3%) - 2 (4%) 27M (1%)
  Wisconsin 1 (3%) - 2 (4%) -
  Tennessee 1 (3%) - 2 (4%) -
  Connecticut - - 2 (4%) -
  Nebraska 1 (3%) 1.2B (26%) 1 (2%) 1.2B (23%)
  Georgia 1 (3%) 700M (15%) 1 (2%) 700M (13%)
  Kentucky 1 (3%) 171M (4%) 1 (2%) 171M (3%)
  Washington 1 (3%) 148M (3%) 1 (2%) 148M (3%)
  Delaware 1 (3%) - 1 (2%) -
  Utah 1 (3%) - 1 (2%) -
  New Jersey 1 (3%) - 1 (2%) -
  Maryland 1 (3%) - 1 (2%) -
  Illinois 1 (3%) - 1 (2%) -
  Mississippi - - 1 (2%) 540M (10%)
  Colorado - - 1 (2%) -
  California - - 1 (2%) -
  Virginia - - 1 (2%) -
  Oregon - - 1 (2%) -
  New York - - 1 (2%) -
  New Hampshire - - 1 (2%) -
  Indiana - - 1 (2%) -
Canada - - 2 (4%) -
  Quebec - - 1 (2%) -
  Ontario - - 1 (2%) -
France 1 (3%) - 1 (2%) -
Germany 1 (3%) - 1 (2%) -
Australia 1 (3%) - 1 (2%) -
Norway 1 (3%) - 1 (2%) -
Netherlands - - 1 (2%) -
Domestic 25 (86%) 4.7B (100%) 46 (87%) 5.4B (100%)
Cross-border 4 (14%) - 7 (13%) -
Total 29 $4.7B 53 $5.4B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Divestiture 11 (38%) 2.3B (50%) 19 (36%) 2.5B (51%)
Buyout (LBO, MBO, MBI) 5 (17%) 1.2B (26%) 16 (30%) 1.2B (25%)
Secondary Buyout 4 (14%) 148M (3%) 7 (13%) 148M (3%)
Going Private 3 (10%) 1.0B (21%) 4 (8%) 1.0B (21%)
Special Situations/Distressed 2 (7%) - 3 (6%) -
Consolidation 2 (7%) - 2 (4%) -
Growth Capital 2 (7%) - 2 (4%) -
Total 29 $4.7B 53 $4.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 9 (36%) 330M (10%)
Merger 5 (20%) 2.1B (65%)
Trade Sale - Public Company 4 (16%) 466M (14%)
IPO 4 (16%) -
Trade Sale 3 (12%) 338M (10%)
Total 25 $3.2B

Top M&A Advisors

Financial Deals
Goldman Sachs
 3
Houlihan Lokey
 2
Barclays Investment Bank
 2
Legal Deals
Ropes & Gray
 13
Baker Botts
 5
Jones Day
 1

Deal Values

buy # Total
> $1B 2 $2.2B
$100M to $1B 6 $3.0B
< $100M 3 $227M
TOTAL $5.5B
Largest Molycop
$1.2B (2017-01-03)
sell # Total
> $1B 1 $2.1B
$100M to $1B 4 $1.1B
TOTAL $3.2B
Largest The Vertex Co.
$2.1B (2022-03-07)

M&A Connections

Deals
Acquired from
Investor(s)
13%
7 (13%)
Strategic(s)
34%
18 (34%)
Exited to
Investor(s)
36%
9 (36%)
Strategic(s)
32%
8 (32%)

Investor Summary

Investor Type

Private Equity Firm

Size

Mega

PE Assets

10.0B USD

Established

1989

Specialist/Generalist

Specialist

Leadership

Dino Cusumano

General Partner

John Becker

General Partner

Kim Marvin

General Partner

Alex Menkhaus

Partner

Alex Schukin

Partner

FAQ

When was American Industrial Partners founded?

American Industrial Partners was founded in 1989.

What type of investor is American Industrial Partners?

American Industrial Partners is a private equity firm.

Where is American Industrial Partners headquartered?

American Industrial Partners is headquartered in New York, New York.

How much capital does American Industrial Partners have under management?

American Industrial Partners has 10.0B USD under management.

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