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American Industrial Partners completes acquisition of Boart Longyear Group Ltd. in take-private transaction

Apr 10, 2024•over 1 year ago

Acquiring Company

American Industrial Partners

Acquired Company

Boart Longyear Group Ltd

MiningOil And GasEnergy

Description

American Industrial Partners Capital Fund VIII, L.P. has successfully completed its purchase of Boart Longyear Group Ltd. The acquisition was completed through a court approved plan of arrangement, marking a strategic move in the industrial sector.

Company Information

Company

American Industrial Partners

About

American Industrial Partners is an operationally oriented private equity firm that makes investments in industrial businesses serving domestic and global markets. The firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, American Industrial Partners has completed more than 100 transactions and currently has $8 billion of assets under management on behalf of leading pension, endowment, and financial institutions. For more information on American Industrial Partners, visit www.americanindustrial.com

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed