American Industrial Partners to acquire Strike.

American Industrial Partners, an operationally oriented private equity firm, agreed to acquire Strike, a full-service pipeline, facilities, and energy infrastructure solutions provider. Financial terms were not disclosed. "The sale and financing agreements with AIP mark an important step forward in our efforts to strengthen our business and position the Company to continue meeting and exceeding the needs of our customers well into the future. Since I joined Strike in July, the Board and management team have taken a fresh look at the business to evaluate how best to build on our brands’ strong position in the marketplace, improve our financial position and set Strike on a path for future success. Based on this review, we have determined that initiating a court-supervised sale process is the optimal path forward for our business and is in the best interest of all our stakeholders," Chuck Davison, CEO.