Mergers and Acquisitions

Boart Longyear in the sale of its shares to American Industrial Partners Capital Fund

Boart Longyear Company
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
James R. Brown

Partner, Corporate, Toronto

Patrick J. Sullivan

Partner, Corporate, Vancouver

Aliza Zigler

Associate, Corporate, Toronto

Peter Horemans

Associate, Corporate, Vancouver

Kim Maguire

Partner, Tax, Vancouver

Teresa Tomchak

Partner, Disputes, Vancouver

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Tian Gao

Articling Student, Toronto

Matthew Li

Associate, Financial Services, Vancouver

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).

Value
US$371 million
Date Closed
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Lead Office
Vancouver
Key Contact
Alan Hutchison

Partner, Corporate, Vancouver

Team
James R. Brown

Partner, Corporate, Toronto

Patrick J. Sullivan

Partner, Corporate, Vancouver

Aliza Zigler

Associate, Corporate, Toronto

Peter Horemans

Associate, Corporate, Vancouver

Kim Maguire

Partner, Tax, Vancouver

Teresa Tomchak

Partner, Disputes, Vancouver

Kaeleigh Kuzma

Partner, Competition/Antitrust and Foreign Investment, Calgary

Tian Gao

Articling Student, Toronto

Matthew Li

Associate, Financial Services, Vancouver