On December 27, 2023, Boart Longyear agreed to the sale of its outstanding and issued common shares to American Industrial Partners Capital Fund for approximately US $371 million. Boart Longyear anticipates that the deal will be advantageous to their clients and employees through AIP’s strategy to drive sustainable and long-term growth.
American Industrial Partners is a New York based private equity group that invests in US and Canadian industrial businesses.
Headquartered in Utah, Boart Longyear provides drilling equipment and services to mining corporations worldwide.
Osler, Hoskin & Harcourt LLP advised Boart Longyear with a team consisting of Alan Hutchison, James Brown, Patrick Sullivan, Aliza Zigler, Amy Sigurdson and Peter Horemans (Corporate); Kim Maguire (Tax); Teresa Tomchak (Litigation); Kaeleigh Kuzma (Competition); with support from Tian Gao and Matthew Li (Articling Student).
Key Contact
Partner, Corporate, Vancouver
Team
Partner, Corporate, Toronto
Associate, Corporate, Toronto
Partner, Tax, Vancouver
Partner, Disputes, Vancouver
Partner, Competition/Antitrust and Foreign Investment, Calgary
Associate, Construction and Infrastructure, Toronto
Associate, Financial Services, Vancouver
