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American Industrial Partners

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American Industrial Partners (est. 1989[1]) (AIP) is an American private equity fund that invests in industrial companies. American Industrial Partners' portfolio holdings include REV Group, CANAM Group, Armstrong Cabinets, Optimas OE Solutions, Rand Logistics, and Vertex Aerospace.

Investments[edit]

In August 2010, AIP announced the merging of four of its holdings (Collins Industries (buses and ambulances), E-One (firetrucks), Halcore Group and Fleetwood Enterprises (RVs)) into a new entity called Allied Specialty Vehicles.[2] The new company was later renamed REV Group and an initial public offering was announced in January 2017.[3] That company trades under the ticker NYSE:REVG.

In November 2012, American Industrial Partners acquired the Armstrong Cabinets business of Armstrong World Industries[4] for $27M.[5]

In February 2015, AIP acquired the fasteners business of Anixter for $380M, renaming the company Optimas OE Solutions.[6]

In April 2017, AIP, the Dutil family (founders of CANAM Group), Caisse de Dépôt et Placement du Québec, and Fonds de Solidarité FTQ announced their intent to take the company private[7] in a deal ultimately valued at $875M (Canadian Dollars).[8]

In March 2018, AIP announced that it had acquired Rand Logistics,[9] a provider of bulk freight shipping services. AIP had previously invested in Rand Logistics during the latter's Chapter 11 bankruptcy proceedings.

In May 2018, American Industrial Partners acquired L-3 Communications Vertex Aerospace LLC and related assets from L-3 Communications for $540M.[10] The company was subsequently renamed Vertex Aerospace.

Key partners[edit]

  • Kim A. Marvin[1]
  • Dino M. Cusomano[1]
  • John M. Becker[1]
  • Stephen J. Bordes[1]
  • Stanley Edme[1]

External links[edit]

References[edit]

  1. 1.0 1.1 1.2 1.3 1.4 1.5 "Bloomberg – Company Overview of American Industrial Partners". www.bloomberg.com. 2018-09-05. Retrieved 2018-09-05.
  2. "American Industrial Partners Announces the Formation of Allied Specialty Vehicles, Inc., a Leading Manufacturer of Specialty Vehicles in North America". American Industrial Partners. Retrieved 2018-09-05.
  3. "REV Group, Inc. Announces Pricing of Initial Public Offering". American Industrial Partners. Retrieved 2018-09-05.
  4. billesler (2012-11-03). "Armstrong Exits Cabinet Business as AIP Deal Closes". Woodworking Network. Retrieved 2018-09-05.
  5. "Armstrong World Industries Announces Agreement to Sell Its Cabinets Business". www.prnewswire.com. Retrieved 2018-09-05.
  6. "AIP Closes $380M Purchase of Anixter's Fasteners Business | PitchBook". Retrieved 2018-09-05.
  7. "Quebec's Dutil family taking Canam Group private". The Globe and Mail. Retrieved 2018-09-05.
  8. "Canam closes $875M privatization by AIP, Dutil family, CDPQ, Fonds de solidarité - Private Capital Journal". Private Capital Journal. 2017-07-04. Retrieved 2018-09-05.
  9. Inc., Rand Logistics,. "American Industrial Partners Completes Acquisition of Rand Logistics, Inc". GlobeNewswire News Room. Retrieved 2018-09-05.
  10. "American Industrial Partners to acquire L3's Vertex Aerospace business - PE Hub". PE Hub. 2018-05-01. Retrieved 2018-09-05.


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