Private Equity · Profile from Private Equity Research Companion
American Securities (1947 family office → private equity since 1994)
New York–based middle/upper-middle-market private equity firm with roots as the Rosenwald family office (heirs of Sears, Roebuck's Julius Rosenwald). Since converting to a third-party private equity model in 1994, it has focused on industrials, specialty chemicals and materials, building products, healthcare services and business services, supported by an in-house operating "Resources Group." Flagship American Securities Partners VIII closed at its $7.0bn hard cap in 2018. Its record spans big wins (Foundation Building Materials → Lowe's at ~$8.8bn; MPG → American Axle at ~$3.3bn) and high-profile failures (Air Methods' 2023 bankruptcy; regulatory overhang at prison-phone provider GTL/ViaPath).
8 deals and moves analysed
Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.
2010
Advanced Drainage Systems
Secondary Investment and IPO
2010
Arizona Chemical
Secondary Buyout of a Pine-Chemicals Leader
2011
Global Tel Link
Prison Communications Buyout
2011
Unifrax
The "Buy It Back" Secondary Buyout
2012
Metaldyne Performance Group
Auto-Parts Platform Combination
2012
Milacron
Post-Bankruptcy Industrial Buyout and IPO
2017
Air Methods
Take-Private of an Air-Ambulance Operator
2021
Foundation Building Materials
Take-Private and Distribution Roll-Up