Boart Longyear Company

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


Boart Longyear Company


US$371 million


Mergers and Acquisitions

Date Closed


Mining and Natural Resources

Lead Office



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).