Industrial Opportunity Partners

Industrial Opportunity Partners, LLC is a private equity firm based in Evanston, Illinois, established in 2005. The firm specializes in acquiring and managing middle-market manufacturing and value-added distribution businesses, focusing on sectors such as automotive components, building products, capital and industrial equipment, and healthcare products. Industrial Opportunity Partners seeks out investment opportunities in underperforming operations, corporate divestitures, and complex transactions, often involving restructuring or turnaround situations. The firm typically invests between $5 million and $75 million in companies with revenues ranging from $30 million to $400 million and aims to take majority stakes in its portfolio. With a commitment to enhancing the value of its acquired businesses, Industrial Opportunity Partners employs an operations-focused approach supported by a dedicated Board of Operating Principals.

Kristin Clemens

Associate

David Dorfman

Managing Director

Phil Fioravante

Operating Principal

Connor Greenlees

Vice President

Michael Hering

CFO and COO

Kyle Hood

Managing Director

Kyle Kirk

Director

Dave Mackin

Operating Principal

Todd Mowry

Director, Operations

Nathan Quattrochi

Vice President

Alberto Satine

Operating Principal

Ken Tallering

Co-Founder and Senior Managing Director

Bob Vedra

Senior Managing Director

Andy Weller

Operating Principal

Chris Willis

Managing Director

Norman Young

Operating Principal

34 past transactions

Transcendia

Private Equity Round in 2024
Transcendia, originally established as Transilwrap Company, Inc. in 1931, has evolved into a prominent manufacturer of custom plastic films. The company serves a diverse range of sectors, including healthcare, food and beverage, industrial, and packaging. Transcendia specializes in various processes such as film extrusion, extrusion coating, liquid coating, and specialty processing. By leveraging its material science expertise and advanced technology platforms, Transcendia provides tailored solutions that meet the complex application requirements of its clients. The company's commitment to innovation and quality has positioned it as a key player in the plastics industry.

NB Handy

Acquisition in 2022
NB Handy is a distributor of building products serving the commercial and residential markets. The company specializes in heating, ventilation, and air conditioning (HVAC) systems, roofing materials, machinery, and steel products, as well as related parts and equipment. Operating primarily in the mid-Atlantic and southeastern United States, NB Handy focuses on providing a comprehensive range of industrial tools and services to meet the needs of its customers in various sectors.

Raven Engineered Films

Acquisition in 2022
Raven Engineered Films offers a wide range of proven industry products, including mono-layer films, multi-layer barrier films, and scrim-reinforced films. There is a variety of materials to meet the needs of specific project elements. Eliminated mud, dirt, wind, and rain from the seaming and construction process.

Brewster Home Fashions

Private Equity Round in 2021
Brewster Home Fashions is a manufacturer and distributor of wallcoverings and home décor products, catering to both residential and commercial markets. The company specializes in a diverse range of offerings, including peel-and-stick wallpaper, traditional wallpaper, peel-and-stick flooring, decals, and various home accessories. Additionally, Brewster Home Fashions provides fresh and original products that enhance the aesthetic appeal of living spaces through its various home décor brands.

Polyvision

Acquisition in 2020
PolyVision Corporation specializes in the manufacture of ceramic-steel surfaces that cater to the education, architecture, and infrastructure industries. Founded in 1954 and based in Johns Creek, Georgia, the company produces a variety of products, including collaborative panels, writing and projection surfaces, and architectural wall panels. Its offerings include the a3 CeramicSteel series and various standard and finished edge panels, as well as menu and merchandising boards for the food service and banking sectors. PolyVision is recognized as a leading supplier of light-gauge ceramic steel, which is essential for durable and corrosion-resistant surfaces. The company operates approximately 1,150 employees across multiple manufacturing facilities and offices in the United States and internationally, with about 20 percent of its business conducted outside the U.S. PolyVision was formerly known as Information Display Technology, Inc. and changed its name in 1992.

Competition Cams

Acquisition in 2020
Competition Cams Inc., founded in 1976 and based in Memphis, Tennessee, specializes in the production of camshafts and related automotive components. The company offers a wide range of products including valve springs, timing sets, lifters, pushrods, rocker arms, and various lubricants. It is recognized as a leader in valve train technology and has significantly contributed to advancements in the aftermarket automotive industry. In addition to its core automotive products, Competition Cams also markets apparel and merchandise such as t-shirts, jackets, and decals through its online store. As a subsidiary of COMP Performance Group, Competition Cams has established a reputation for innovation and quality, serving elite motorsports teams worldwide.

Midwest Paper Group

Acquisition in 2020
Midwest Paper Group, founded in 1889 and based in Combined Locks, Wisconsin, specializes in the manufacture and distribution of high-quality recycled containerboard, natural kraft packaging, and various printing and writing grades. The company focuses on providing products for corrugated packaging, recycled bag applications, and white paper used in book publishing and printing. Midwest Paper Group emphasizes environmental responsibility through practices such as recycling, energy conservation, and water quality monitoring, ensuring that its operations are aligned with sustainability goals while meeting the needs of its clients.

United Poly Systems

Acquisition in 2019
United Poly Systems, LLC specializes in the manufacturing of high-density polyethylene (HDPE) pipes, serving a variety of industries such as telecommunications, power utilities, electrical, sewer, potable water, and oil and gas collection. Founded in 2011 by Jim Massengale and Bert Bridges, the company leverages over 40 years of combined industry experience to drive its success. United Poly Systems offers a range of HDPE products, including pressure pipes for fluid transmission and duct pipes for cable and electrical transmission, available in various sizes and specifications. With facilities in Springfield, Missouri, and Albuquerque, New Mexico, the company benefits from a strategic location that enhances its ability to efficiently serve customers across much of the United States. The growing market for HDPE pipes aligns with ongoing infrastructure improvement initiatives, further positioning United Poly Systems for continued growth.

Reed’s Metals

Private Equity Round in 2018
Reed's Metals is a provider of metal roofing and pre-engineered steel buildings.

SignResource

Acquisition in 2018
SignResource specializes in the design, manufacture, and installation of exterior and interior signage and brand identification solutions across North America. The company caters to various industries, including retail fuel, convenience stores, quick-serve restaurants, retail, hospitality, financial services, and automotive sectors. SignResource provides a range of identity products such as pylon signs, awning and fascia systems, monument signs, channel letters, wall signs, neon signs, interior signage, and point-of-purchase displays. By offering these products, the company enables its clients to effectively advertise and enhance their brand visibility through signage solutions.

Royston

Acquisition in 2018
Royston LLC specializes in designing, manufacturing, and installing store interiors tailored for various segments including convenience stores, grocery outlets, quick service restaurants, mass merchandise, food service, and specialty retail. The company's product offerings encompass modular metal cabinets, shelving, checkstands, heated merchandisers, and pastry cases. In addition to its manufacturing capabilities, Royston provides a range of professional services such as pre-renovation surveys, individual store evaluations, 3-D concept renderings, product design, and installation. The company also focuses on project management aspects including subcontract management, construction alliances, and inventory maintenance. Established in 1964, Royston operates from its headquarters in Jasper, Georgia, with additional locations in Royston and Atlanta, Georgia.

Creative Foam Corp

Private Equity Round in 2017
Creative Foam Corporation specializes in the design and manufacture of cellular and non-cellular foam products for various industries, including automotive, medical, aerospace, and heavy equipment. Founded in 1969 and headquartered in Fenton, Michigan, the company operates 14 facilities across North America, providing extensive production capabilities. Creative Foam offers a range of custom-engineered solutions, such as die-cut and formed foam components, as well as nonwoven and multi-material products. Their medical product line includes precision die-cutting systems and diagnostic imaging solutions. With a focus on innovation, Creative Foam enables clients to develop quieter, stronger, lighter, and safer products, while also serving global markets through exports.

GT Technologies

Acquisition in 2017
GT Technologies, Inc. is a manufacturer specializing in custom-engineered valvetrain systems and components for gasoline and diesel internal combustion engines. Founded in 1905 and headquartered in Westland, Michigan, the company serves a diverse range of industries, including automotive, heavy-duty trucks, defense, medical, aviation, and recreational vehicles. Its product offerings include hydraulic lash adjusting capsules, roller tappets, stamped rocker arms, roller finger followers, and various valvetrain actuation assemblies. GT Technologies has manufacturing and assembly operations located in Ohio, Florida, and Brazil, along with a prototype center in Millbury, Ohio. The company caters to both original equipment manufacturers (OEMs) and aftermarket sectors, providing critical components that support clients' production and performance requirements.

Union Corrugating Company

Acquisition in 2017
Union Corrugating Company, established in 1946 by J.E. Union in Fayetteville, North Carolina, specializes in manufacturing and distributing metal roofing systems and components. The company serves a diverse market that includes residential, commercial, and post-frame agricultural applications. Its product offerings consist of roofing panels, wall panels, and asphalt shingle roofs, catering to commercial customers such as home centers, lumber retailers, wholesalers, and contractors. Union Corrugating Company is known for providing hands-on technical support and a streamlined ordering experience, ensuring fast and reliable deliveries to meet the needs of its clients. Over the years, the company has evolved from its modest beginnings into a significant player in the metal building components sector.

Alexandria Moulding

Acquisition in 2016
Alexandria Moulding is a manufacturer and distributor specializing in wood and wood composite moldings. The company offers a diverse range of products, including wall coverings, stair parts, ceilings, and various boards. In addition to its manufacturing capabilities, Alexandria Moulding focuses on retail marketing and the distribution of its molding products, aiming to meet the needs of a wide customer base in the construction and home improvement sectors.

Coldwater Veneer

Acquisition in 2015
Coldwater Veneer, Inc. is a manufacturer of specialty hardwood veneer and lumber products, founded in 1979 and based in Coldwater, Michigan. The company serves a diverse range of clients, including dealers and manufacturers involved in wood veneer applications such as panels, doors, furniture, cabinets, store fixtures, and various architectural projects. Coldwater Veneer produces its products to meet industry specifications, utilizing a variety of hardwood species to cater to global markets, including building products, furniture, home furnishings, and the automotive sector.

Monroe Truck Equipment

Venture Round in 2015
Monroe Truck Equipment, Inc. is a manufacturer and distributor of specialized truck equipment, primarily focused on snow and ice control solutions. Founded in 1958 and based in Monroe, Wisconsin, the company has expanded its operations to several locations across Wisconsin, Illinois, Michigan, and Kentucky. Monroe Truck Equipment offers a comprehensive range of products, including dump, service, platform, and van bodies, as well as vehicle modifications tailored for fleet and commercial use. Their services encompass the design, installation, and upfitting of vehicles, ensuring performance-driven solutions for municipal, commercial, and fleet customers. The company is recognized for its customer-centric approach, characterized by flexibility and a commitment to quality, which has facilitated its rapid growth in the industry. Additionally, Monroe Truck Equipment provides online access to its products, enhancing distribution to dealers, fleets, and end users.

Vita Nonwovens

Acquisition in 2014
Vita Nonwovens prides itself on working with their customers to provide them with innovative, quality products. Their aim is simple – to be the best in all the markets in which they operate. Vita Nonwovens embodies this mission by providing you with a range of innovative nonwoven products and giving you unparalleled customer service in order to help you stay one step ahead of the competition. Each Vita Nonwovens facility encompasses innovation through engineering and implementation of some of the most technical and state-of-the-art production processes in the industry.

El Dorado Packaging

Acquisition in 2014
El Dorado Packaging, Inc. is a manufacturer of paper bags and printed paper roll stocks, catering to the food and agricultural sectors in the United States. Established in 1963 and based in Rosemount, Minnesota, the company specializes in producing a variety of packaging solutions, including multi-wall bags, bulk bags, and roll stock for products such as sugar, flour, rice, cat litter, and more. El Dorado Packaging also offers customized paper-based packaging and printing solutions for both retail and industrial markets. With operations across three plants, the company serves a diverse range of industries, including food service, seed, animal health, and chemicals, ensuring high-quality and tailored packaging for its clients.

AAA Sales & Engineering

Acquisition in 2014
AAA Sales & Engineering, Inc. is a manufacturing company based in Oak Creek, Wisconsin, specializing in the design and production of railroad products and precision machined components. The company offers a wide range of products, including classification yard car retarders, pneumatic switch machines, and various custom machined parts. Their expertise extends to high precision and high volume manufacturing, as well as prototype and low volume production of components such as engine blocks, bearing cages, and valve bodies. The company serves a diverse clientele, including class I and II railroads, regional railroads, and industrial sectors like automotive and mining. Since its founding in 1968, AAA Sales & Engineering has leveraged automation and a global foundry network to deliver cost-effective, high-quality engineering solutions to customers worldwide.

KIC

Acquisition in 2013
KIC LLC, based in Vancouver, Washington, is a manufacturer and distributor of wheel end components for commercial vehicles, specifically targeting Class 8 trucks, trailers, and transit or school buses. Established in 1972, the company offers a diverse range of products, including hub and drum assemblies, brake drums, steel and aluminum wheels, and rotors. KIC also provides components and engineering design services to various industries, such as wood products and materials handling. Its commitment to quality is reflected in its in-house design and testing processes, ensuring that original equipment manufacturers and aftermarket distributors receive reliable products. KIC has established itself as a significant player in the commercial vehicle sector, recognized for its customer service and rapid growth. The company operates product distribution centers throughout North America and is a subsidiary of Accuride Corporation.

Betty Machine Company

Acquisition in 2013
Betty Machine Company Inc. is a precision machining manufacturer based in Hendersonville, Tennessee, founded in 1942. The company specializes in producing close-tolerance parts primarily for the automotive sector, offering a range of products including CNC (computer numerical control) components and screw machine products. By focusing on quality and precision, Betty Machine Company serves clients in the light vehicle and automotive markets, delivering essential manufacturing solutions.

Aarrowcast

Acquisition in 2012
Aarrowcast, Inc. is a manufacturer based in Shawano, Wisconsin, specializing in ductile and gray iron castings. Founded in 1976, the company operates a 210,000-square-foot facility capable of producing 50,000 tons of castings annually. Aarrowcast serves a diverse range of industries, including government and defense, agricultural and heavy truck equipment, industrial equipment, mining and construction. The company offers various products such as pumps, valves, and compressors, along with customized casting solutions tailored to meet specific client needs. Aarrowcast emphasizes efficient and cost-effective manufacturing processes, supported by a skilled workforce and modern production capabilities, ensuring high-quality standards and timely delivery.

Trantech

Acquisition in 2011
Trantech Radiator Products, Inc. is a manufacturer and marketer of transformer cooling systems, specializing in products such as radiators, coolers, control panels, fans, flow indicators, and valves. Founded in 1932, the company originally started in Lansing, Michigan, before relocating to Edgefield, South Carolina, where it occupies 126,000 square feet of manufacturing space. Trantech serves the North American market and also offers international engineering and re-engineering services for transformer cooling solutions. The company emphasizes quality and efficiency, as evidenced by its ISO 9001 registration, ensuring that its products meet high standards of design, manufacturing, and testing. Trantech's cooling systems are designed for the generation, transmission, and distribution of electric power, providing clients with effective and cost-efficient solutions for their cooling needs.

Toledo Molding & Die

Acquisition in 2011
Toledo Molding & Die, Inc. is a prominent supplier in the automotive industry, providing integrated tier one and tier two components and sub-systems for HVAC, powertrain, and interior/exterior applications. Founded in 1955 and headquartered in Toledo, Ohio, the company specializes in designing, developing, and manufacturing highly engineered molded thermoplastic components. Its diverse product offerings include automotive integrated cooling modules, heater and air conditioning handling units, fluid reservoirs, and various air induction systems. In addition to manufacturing, Toledo Molding & Die also provides contract design services for product development and testing laboratory services for automotive, commercial, and aerospace manufacturers. With a commitment to quality and customer satisfaction, the company has established a strong global reputation and continues to foster long-term relationships with its clients.

Kuss Filtration

Acquisition in 2011
GVS Filtration is a leading provider of air and liquid filtration solutions, serving a diverse global market with a focus on light-duty automotive applications. With a legacy spanning over 60 years, the company originated from the entrepreneurial efforts of Ralph Kuss, who founded the business in 1949 in Findlay, Ohio. Initially producing vinyl liners, the company diversified into various filtration products, establishing a reputation for innovation and quality. After several transitions, including ownership changes and global expansion with manufacturing facilities in France, Brazil, and China, GVS Filtration has solidified its presence in the industry. The company's mission is to exceed customer expectations by delivering effective filtration solutions that also contribute to reducing environmental emissions, adhering to regulatory standards, and maintaining high-quality management practices.

Roadtrek Motorhomes

Acquisition in 2011
Roadtrek Motorhomes specializes in the manufacture and marketing of Class B motorhomes and camper vans. The company focuses on creating comfortable and functional vehicles, providing a variety of options to cater to different budgets and sizes. By offering these diverse motorhome models, Roadtrek enables customers to experience the luxury of home while traveling, making it a popular choice among outdoor enthusiasts and travelers seeking convenience and comfort on the road.

Edelbrock

Private Equity Round in 2010
Edelbrock, LLC specializes in designing, manufacturing, and distributing performance replacement parts for the automotive aftermarket in the United States. Established in 1938 and headquartered in Torrance, California, the company offers a wide range of products including carburetors, cylinder heads, superchargers, intake manifolds, camshafts, fuel systems, and various accessories aimed at enhancing vehicle performance. Edelbrock also provides customer service and delivery options, ensuring efficient order fulfillment. The company operates through a network of dealers and online platforms, catering to automotive enthusiasts seeking high-quality performance parts. With additional locations in San Jacinto, California, and Sanford, North Carolina, Edelbrock is recognized for its commitment to quality and innovation in the automotive sector.

SouthernCarlson

Private Equity Round in 2009
SouthernCarlson is a distributor based in Omaha, Nebraska, specializing in fastening and packaging products. The company provides a diverse range of fasteners, including nails, staples, screws, anchors, and bolts, as well as tools such as compressors, generators, power tools, and hand tools. In addition to these, SouthernCarlson offers various construction products, including framing hardware, surface protection materials, weather barriers, adhesives, sealants, and scaffolding systems. The company serves residential construction and general industrial manufacturing sectors, positioning itself as a key supplier of essential construction and packaging equipment.

E. B. Bradley

Acquisition in 2009
E. B. Bradley is a West Coast distributor and manufacturer specializing in cabinetry hardware, laminates, surfacing products, board products, edgebanding, and woodworking supplies. The company serves both the commercial construction and residential renovation markets, providing a diverse range of cold-press laminated panels and textured board products. With an established network of 11 facilities across California, Oregon, Washington, and Arizona, E. B. Bradley caters to the design and fabrication industries by offering high-quality and customizable solutions tailored to the needs of professionals in these fields.

Gulfco

Acquisition in 2008
Gulf Coast Machine & Supply Co is a manufacturer specializing in large forgings for various industries, including oil and gas, petrochemicals, wind energy, and general industrial markets. The company produces a range of forging products, including open die and die-rolled ring forgings. Their offerings encompass various forms such as shaped dies, discs, seamless ring bushings, and shafts, catering to the needs of the oil and gas sector as well as the marine industry.

FAS Controls

Acquisition in 2007
FAS Controls, Inc. designs, develops, and manufactures valves, switches, actuating devices, lights, and control components to automotive, heavy truck, recreational vehicle, off road, engine, and industrial markets. It offers gasoline control valves, stroke solenoids for parking locks, compressor drives, belt-drive systems, switchable clutches for auxiliary units, and engine cooling systems

Center Manufacturing

Acquisition in 2006
Center Manufacturing formed as a metal stamping company serving the automotive and consumer electronics industries.

Algoma Hardwoods

Acquisition in 2006
Algoma Hardwoods, Inc. is a manufacturer and distributor specializing in customized architectural wooden doors for the commercial and institutional building sectors. The company offers a range of products, including stile, rail, and fire-rated wooden doors, with various veneer, finishing, and machining options. Algoma Hardwoods primarily serves markets such as hospitals, schools, offices, and stadiums. Its finished commercial doors are sold to contractors, subcontractors, and architectural mill workers through a network of distributors.
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