Austin Powder Partners With American Industrial Partners to Accelerate Its Growth Strategy
Austin Powder Partners With American Industrial Partners to Accelerate Its Growth Strategy
CLEVELAND, July 1, 2024 /PRNewswire/ -- Austin Powder (the "Company" or "Austin"), a leading provider of industrial explosives and engineered blasting solutions, announced today that it has received a strategic investment from American Industrial Partners ("AIP") to support and enhance the Company's growth strategy in partnership with Austin's existing long term ownership group and management team.
領先的工業炸藥和爆破方案提供商Austin Powder（以下簡稱"公司"或"Austin"）今天宣佈，美國工業夥伴關係（"AIP"）已投資該公司，以支持並增強Austin現有的長期所有權團隊和管理團隊的增長策略合作。
Operating in a safety critical and technical industry, Austin Powder has nearly 200 years of industry expertise that has enabled it to build a suite of integrated products and services for the blasting process. The Company has only had four owners in its history, and the current ownership and management team has successfully expanded Austin over the past 40 years into a leading global operator. AIP's financial and operational support and resources will help position Austin Powder for continued growth and success over the next decade.
作爲一家安全關鍵技術行業的企業，Austin Powder擁有近200年的行業專業知識，使其能夠建立一套整合的爆破過程產品和服務。該公司歷史上只有四位業主，而目前的所有權團隊和管理團隊在過去40年中成功將Austin擴展爲領先的全球運營商。AIP的財務和運營支持和資源將有助於爲Austin Powder在未來十年中的持續發展和成功打下基礎。
"We had been deliberately seeking an investor that would expand our ability to provide world-class explosive products and services, accelerate innovations, facilitate expansion into new territories, and preserve our heritage and unique culture. Equally important was finding a partner that shared our values of safety, customer service, family and respect," said Austin Powder President and CEO John D. Rathbun. "We believe American Industrial Partners is an ideal partner for Austin as we move forward. We look forward to working with the AIP team as we continue to grow and differentiate our business globally. The partnership with AIP will support our efforts to continue to earn the privilege to serve our customers."
Austin Powder總裁兼首席執行官John D. Rathbun表示:"我們一直在有意尋找一位投資者，擴大我們提供世界一流的炸藥產品和服務的能力，加速創新，促進進入新的領域，並保護我們的傳統和獨特的文化。同樣重要的是找到一個與我們共享安全、客戶服務、家庭和尊重價值觀的夥伴。我們認爲美國工業夥伴關係是Austin移向前進的理想夥伴。我們期待與AIP團隊密切合作，繼續在全球範圍內發展和差異化我們的業務。與AIP的合作將支持我們的努力，繼續贏得服務客戶的特權。"
"Austin Powder's unique heritage and inspiring culture has stewarded the business to great heights while maintaining a strong core of safety, customer focus and family. We look forward to building upon Austin Powder's tremendous legacy, investing in the growth opportunity ahead of us, and enabling the company to continue delivering on its worthy and important mission," said AIP Partner Justin Fish. "We look forward to partnering closely with the Austin Powder management team and the family of shareholders to chart the company's third century of growth and success."
AIP合夥人Justin Fish表示:"Austin Powder獨特的傳統和激勵人心的文化，在保持安全、客戶關注和家庭團結的核心的同時，將業務推向了巨高的高度。我們期待在Austin Powder巨大的遺產上建立，爲我們面前的增長機會投資，並使公司能夠繼續履行其值得尊敬且重要的使命。"
Financial terms of the transaction were not disclosed. J.P. Morgan Securities LLC and KeyBanc Capital Markets, Inc. acted as financial advisors to the Company. Ropes & Gray LLP and Baker Botts LLC acted as legal advisors to AIP. Jones Day acted as legal advisor to Austin Powder.
交易的財務條款未公開。J.P.摩根證券有限責任公司和凱邦資本市場公司擔任該公司的財務顧問。Ropes & Gray LLP和Baker Botts LLC擔任AIP的法律顧問。Jones Day擔任Austin Powder的法律顧問。
About Austin Powder
Founded in 1833, Austin Powder is a leader in the manufacture, distribution, and application of industrial explosives for quarrying, surface mining, underground mining, oil and gas, seismic, and construction markets. The company's mission is to improve the world we live in through the safe and responsible use of explosives. Austin Powder provides a broad range of highly engineered solutions all of which are developed to advance the safety, reliability, and efficiency of breaking rock. It has more than 4,800 employees and operations in 27 countries around the world.
關於Austin Powder
成立於1833年的Austin Powder是一家領先的工業炸藥製造、分銷和應用公司，服務於採石業、地表採礦、地下采礦、油氣、地震和建築市場。該公司的使命是通過安全而負責任地使用炸藥來改善我們生活的世界。Austin Powder提供了一系列高度工程化的解決方案，所有這些解決方案都是爲了推進打石頭的安全、可靠和高效。該公司在全球27個國家擁有4800多名員工。
About American Industrial Partners
American Industrial Partners ("AIP") is a global industrials investor, with approximately $16 billion in assets under management. AIP is distinctively focused on industrial businesses across a broad range of end markets that include: aerospace and defense, automotive, building products, capital goods, chemicals, industrial services, industrial technology, logistics, metals & mining, and transportation, among others. AIP looks to generate differentiated returns by investing in quality industrial businesses with strong management teams and working with those teams to implement comprehensive operating agendas to build long-term value. Current AIP portfolio companies generate aggregate annual revenues of approximately $25 billion and employ approximately 65,000 employees as of March 31, 2024. In October 2023, AIP closed its eighth fund at $5.1 billion.
關於美國工業夥伴關係
美國工業夥伴關係（"AIP"）是一家全球性產業投資公司，擁有約160億美元的管理資產。AIP的特點是專注於工業業務，並涵蓋廣泛的終端市場，其中包括：航空航天與國防、汽車、建築產品、資本商品、化學品、服務業、工業技術、物流、金屬和礦業以及運輸等。AIP尋求通過投資具有強大管理團隊的優質工業企業，並與這些團隊合作實施全面的運營議程，從而實現長期價值。截至2024年3月31日，AIP目前的投資組合公司年收入總額約爲250億美元，擁有約65,000名員工。2023年10月，AIP以51億美元收購了第八號基金。
Contact:
Austin Powder, [email protected]
American Industrial Partners, [email protected]
聯繫方式：
奧斯汀礦業，[email protected]
美國興業證券，[email protected]
SOURCE American Industrial Partners
來源：美國工業夥伴關係
譯文內容由第三人軟體翻譯。