American Industrial Partners (AIP), a middle-market private equity firm focused on acquiring and improving North American-headquartered industrial businesses, has completed its acquisition of Goss International and its subsidiaries from Shanghai Electric Corporation. The transaction closed on September 18, 2015.
“American Industrial Partners is a like-minded, forward-thinking organization and we are excited to leverage their industry, operational, and financial expertise to support our culture of innovation and customer collaboration,” says Rick Nichols, CEO of Goss. “In partnership with AIP, we look forward to building on our market-leading position and executing a strategic growth plan focused on providing our highly-valued customer base with the highest-quality portfolio of innovative products and aftermarket parts, services and enhancements.”
AIP has a long history of successfully buying industrial businesses and partnering with management to drive growth.
“Goss is differentiated by its printing process knowledge, engineering expertise, high-tech industrial manufacturing capabilities and ability to execute and support large-scale capital equipment projects,” says Rick Hoffman of AIP.
Adds Sparsh Bhargava of AIP: "Working alongside an exceptional management team at Goss, we look forward to executing identified growth initiatives and driving operational efficiencies at the Company to further differentiate Goss from its competitors.”