M&A Deal Summary

American Industrial Partners Acquires Canam

On July 1, 2017, private equity firm American Industrial Partners acquired building materials company Canam

Acquisition Highlights
  • This is American Industrial Partners’ 2nd transaction in the Building Materials sector.
  • This is American Industrial Partners’ 27th transaction in the United States.
  • This is American Industrial Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2017-07-01
Target Canam
Sector Building Materials
Buyer(s) American Industrial Partners
Deal Type Going Private

Target

Canam

Point of Rocks, Maryland, United States
Canam specializes in designing integrated solutions and fabricating customized products for the North American construction industry. Canam Group takes part in an average of 10,000 building, heavy steel and bridge projects, which can also include the supply of preconstruction and project management services. The Corporation operates 23 plants across North America and employs people in Canada. Canam was founded in 1997 and is based in Point of Rocks, Maryland.

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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 31 of 55
Sector: Building Materials M&A 2 of 3
Type: Going Private M&A Deals 2 of 4
State: Maryland M&A 1 of 1
Country: United States M&A 27 of 47
Year: 2017 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-17 Rand Logistics

Williamsville, New York, United States

Rand Logistics is a provider of bulk freight shipping services throughout the Great Lakes region. Through its subsidiaries, the Company operates a fleet of three conventional bulk carriers and twelve self-unloading bulk carriers including three tug/barge units. The Company is the only carrier able to offer significant domestic port-to-port services in Canada. Rand Logistics was founded in 1994 and is based in Williamsville, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-30 Brock

Houston, Texas, United States

Brock is a provider of industrial maintenance and capital project solutions (scaffolding, coatings, insulation, fabrications, painting, and various other soft crafts) that support the continuous and reliable operation and expansion of critical energy infrastructure and industrial processing facilities. For nearly 70 years, Brock has been a preferred service provider to many of the largest and most demanding refining, petrochemical, power generation, and industrial processing companies in North America. Brock was founded in 1947 and is based in Houston, Texas.

Buy -