Finance
Blackstone Nears Deal to Buy American Industrial Partners Stake
- AIP has about $16 billion in assets under management
- New York firm was founded in 1988, focuses on industrials
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An arm of Blackstone Inc. is in advanced talks to acquire a minority stake in American Industrial Partners, according to people with knowledge of the matter.
A deal hasn’t been finalized, but if one is reached, the transaction could be announced in coming weeks, said one of the people, all of whom asked not to be identified discussing confidential information. Terms couldn’t immediately be learned.