NEW YORK, NY — The MIT Leaders for Global Operations (LGO) program announced today that American Industrial Partners (AIP) has been accepted as the newest member of their industry partnership. This addition brings the partner company total to 27—19 of which are in the Fortune 500 or Global Fortune 500.
Founded in 1988, MIT’s LGO program brings together the rigor and technical expertise of the MIT School of Engineering, the business, leadership practice, and cutting-edge theory of the MIT Sloan School of Management and the real-world experience of the LGO manufacturing and operations industry partners. Students earn two degrees in two years: either an MBA or a Master of Science in Management degree from MIT Sloan School of Management, and a Master of Science degree from one of seven participating departments in the MIT School of Engineering.
AIP is a buyer of industrial manufacturing middle-market businesses. They have brought an engineering and operations focus to these investments for more than 25 years. The company currently owns ten engineering and technology-centric companies that together have annual revenues of more than $6 billion and over 24,000 employees. AIP portfolio companies have 165 plants and distribution centers around the world, of which 96 are in the United States. AIP’s customers include several other LGO partner companies. The leaders of AIP include five MIT graduates, one from the LGO program.
“The internship projects that AIP plans to offer will be technically challenging and focused on topics that are of great interest to faculty both in engineering and MIT Sloan,” said Thomas Roemer, LGO’s executive director. “We’ve also wanted to give LGO students access to mid-size manufacturing and industrial companies that could not become LGO partners on their own. AIP’s portfolio companies fit very much into this target description.”
The company will launch its LGO internship program for the Class of 2017 with projects addressing such topics as the creation of flexible manufacturing lines to allow rapid changeover, implementing robotics on an assembly line, and the startup of a new assembly plant.
“AIP has a tremendous appreciation for MIT and believes it is one of America’s truly extraordinary institutions that will shape our future,” said Kim Marvin, Partner at AIP. “We are fully committed to building and nurturing a mutually valuable long-term partnership with MIT’s world-renowned Leaders for Global Operations program. We will be an active and dedicated participant collaborating with other partner companies, faculty, students, and staff.”
Danny Davis, Partner at AIP, is a 2008 graduate of the LGO program. He says, “AIP believes our best opportunity to invest in America’s future and its global competitiveness is through manufacturing and technology. Developing a new generation of operational leadership and embracing technology advances are the tools of our trade.”
About MIT Leaders for Global Operations
MIT Leaders for Global Operations (LGO) partners with the MIT School of Engineering and MIT Sloan School of Management to deliver a unique, interdisciplinary Engineering-MBA dual degree program. The two-year curriculum features internships at elite partner companies who are all leaders in their industry. LGO students can develop leadership skills for the pharmaceutical, manufacturing, geosciences, energy, high-tech, and global supply chain industries. The combination of advanced engineering and Sloan MBA knowledge makes LGO graduates among the most sought after on the job market. LGO alums lead a variety of product development, global operations, and manufacturing development initiatives at leading companies and entrepreneurial ventures throughout the world.
About American Industrial Partners
American Industrial Partners (“AIP”) is an operationally oriented middle-market private equity firm that makes control investments in North American-based industrial businesses serving domestic and global markets. The Firm has deep roots in the industrial economy and has been active in private equity investing since 1989. To date, AIP has completed over 50 transactions and is currently managing more than $1.1 billion in equity capital. AIP invests in all forms of corporate divestitures, management buyouts, recapitalizations, and going-private transactions of established businesses with revenues of $100 million to $1 billion.
For more information about American Industrial Partners, contact:
Ben DeRosa, Partner
212-627-2360, extension 200