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Press release

American Securities Announces Strategic Minority Investment by Dyal Capital

October 22, 2018

NEW YORK, October 22, 2018 -- American Securities LLC, a leading private equity firm, announced today that Dyal Capital Partners (“Dyal”), a division of Neuberger Berman, has made a small, minority investment in American Securities. Terms of the investment were not disclosed.

Dyal’s investment is a passive, non-voting interest. There will be no change in American Securities’ management, strategy, investment process, or day-to-day operations as a result of the investment.

Michael G. Fisch, CEO of American Securities LLC, commented, “We are delighted to welcome Dyal as an investor as we continue to grow our Firm and strive to continue to achieve great results for our investors.”

Michael D. Rees, Head of Dyal Capital Partners, added, “We are excited to partner with American Securities, a firm we have long admired for their thoughtfulness in building an enduring, values-driven institution dedicated to partnering with management teams and investors.”

Weil, Gotshal & Manges LLP acted as legal advisors, and Evercore acted as financial advisors to American Securities. Fried, Frank, Harris, Shriver, & Jacobson LLP served as legal counsel to Dyal.