M&A Deal Summary

American Industrial Partners Acquires SEACOR

On December 7, 2020, private equity firm American Industrial Partners acquired transportation company SEACOR for 1.0B USD

Acquisition Highlights
  • This is American Industrial Partners’ 2nd transaction in the Transportation sector.
  • This is American Industrial Partners’ 2nd largest (disclosed) transaction.
  • This is American Industrial Partners’ 35th transaction in the United States.
  • This is American Industrial Partners’ 3rd transaction in Florida.

M&A Deal Summary
Date 2020-12-07
Target SEACOR
Sector Transportation
Buyer(s) American Industrial Partners
Deal Type Going Private
Deal Value 1.0B USD
Advisor(s) Foros Group (Financial)
Milbank (Legal)

Target

SEACOR

Fort Lauderdale, Florida, United States
SEACOR's corporate headquarters in Port Everglades, Florida.
SEACOR's corporate headquarters in Port Everglades, Florida.
SEACOR is a holding company providing transportation and logistics services to support a wide range of business sectors. The SEACOR portfolio includes six wholly owned business lines and eight joint ventures. SEACOR’s Ocean Transportation and Logistics Services segment includes Seabulk, which owns and operates a diversified fleet of bulk transportation, port and infrastructure, and logistics assets, including U.S. Jones Act tankers and a fleet of harbor towing vessels in seven U.S. ports. It also includes SEACOR Island Lines, provider of liner, short-sea project cargo transportation and logistics services to and from the Bahamas and Turks and Caicos as well as Waterman Logistics/US Ocean, which provide global multi-modal logistics transportation for commercial and government customers via a fleet of car carriers and heavylift vessels. SEACOR was founded in 1989 and is based in Fort Lauderdale, Florida.

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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 40 of 53
Sector (Transportation) 2 of 2
Type (Going Private) 3 of 4
State (Florida) 3 of 4
Country (United States) 35 of 46
Year (2020) 2 of 3
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Commonwealth Rolled Products

Lewisport, Kentucky, United States

Commonwealth Rolled Products produces aluminum rolled products serving the automotive and common alloy markets. Commonwealth operates a production facility in Lewisport, KY where it employs approximately 1,000+ associates and maintains its principal sales office in Cleveland, Ohio and its R&D center in Madison Heights, Michigan.

Buy $171M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 Orizon

Kansas City, Missouri, United States

Orizon manufactures large complex structural components, provides metal finish processing and fabricates major sub-assemblies for leading airframe manufacturers in the commercial aerospace, defense, space and general aviation industries. The company’s investments in digitized systems/software, proprietary engineering/ programming techniques, advanced machine tools, and automated assembly technologies provides affordable solutions for the largest Aerospace and Defense manufacturers in the world. Orizon is based in Kansas City, Missouri.

Buy -
Mergr

Product

Company

Legal