IOP invests in Coldwater Veneer

Industrial Opportunity Partners said Wednesday it has acquired the assets of Coldwater Veneer Inc. and its subsidiary West Point Veneer LLC. Financial terms weren’t announced. Coldwater, of Coldwater, Michigan, makes specialty hardwood veneer for end markets such as building products, furniture, home furnishings and automotive markets. PNC Business Credit and MB Financial provided financing.


IOP invests in Monroe Truck Equipment

Industrial Opportunity Partners has made an undisclosed investment in Monroe Truck Equipment Inc. The transaction was done with Monroe’s current management team and owners. Business Credit, Fifth Third Bank and Norwest Mezzanine Partners provided funding for the deal. Based in Monroe, Wisconsin, Monroe is a maker and distributor of truck equipment for the municipal and commercial sectors.


Industrial Opportunity Partners acquires Vita Nonwovens

Industrial Opportunity Partners has acquired High Point, North Carolina-based Vita Nonwovens, which makes non-woven products like flame retardants, thermal/acoustical insulation and medical products. Terms of the deal were not disclosed. Vita Nonwovens represents the sixth platform investment from Industrial Opportunity Partners II, L.P.


IOP buys Greif’s multiwall packaging division

Industrial Opportunity Partners has acquired the multiwall packaging division of industrial packaging products firm Greif. No financial terms were disclosed. Multiwall has facilities in Rosemount, Minn. and Omaha, Nebraska.


IOP creates El Dorado Packaging

Industrial Opportunity Partners has acquired Multiwall Packaging Division of Greif and the stock of El Dorado Paper Bag Manufacturing to form El Dorado Packaging. The new business is a producer of large format multiwall paper bags primarily for industrial use in the agricultural and food grade products markets. Terms of the transaction were not disclosed.

Industrial Opportunity Partners sells E.B. Bradley Company

Industrial Opportunity Partners has sold portfolio company E.B. Bradley Company to an affiliate of PSP Capital Partners. The divestiture represents IOP’s fifth investment realization from its initial $185 million committed fund. E.B. Bradley is a West Coast distributor of cabinet hardware, laminates and surfacing products, board products, edgebanding, and woodworking supplies, as well as a manufacturer of laminated panels, serving the commercial construction and residential renovation markets.

Industrial Opportunity Partners backs KIC

Industrial Opportunity Partners has partnered with the current management team and owners of KIC in an investment to support a recapitalization of the business. KIC is a North American supplier of wheel-end components for heavy and medium-duty trucks and trailers.

IOP Strikes Manufacturing Deal for Fourth Exit

Industrial Opportunity Partners, the Illinois-based PE firm, sold portfolio company Center Manufacturing to Mayville Engineering Company. It is the fourth exit from IPO’s initial $185 million fund. Center is based in Byron Center, Michigan. Specifics were not publicized.

IOP Realizes Algoma Investment

Industrial Opportunity Partners (IOP) has sold portfolio company Algoma Hardwoods, a manufacturer of architectural wood doors to commercial and institutional construction markets, to Masonite International Corporation, a global manufacturer of residential and commercial doors. IOP acquired the company with American Capital Strategies in April 2006 and subsequently acquired American Capital Strategies’ remaining equity position in […]

Ill. Shop Makes Short Work Of Fund II Raise

Industrial Opportunity Partners is planning to wrap up fundraising on its second fund in the coming weeks, Buyouts reported earlier today, citing a source familiar with the firm’s fundraising process. The Evanston, Ill.-based buyout shop expects to hit its hard cap of $275 million, the source said. The firm’s target for the fund, Industrial Opportunity […]

Industrial Opportunity Partners Exits FAS

Industrial Opportunity Partners has exited its investment in FAS Controls Inc., selling the company to Netherlands-based Kendrion NV. Terms of the deal were not released. FAS Controls is a maker of electromechanical devices, pneumatic control valves and lighting products used in commercial vehicles, diesel engines, powersport vehicles, and construction & agricultural equipment. IOP acquired the Company from Honeywell International in February 2007.


IOP Acquires Toledo

Operations- focused private equity firm based in Evanston, Ill, Industrial Opportunity Partners, has acquired Toledo Molding & Die (TMD) in a management buyout. Headquartered in Toledo, Ohio, TMD is an automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products. […]

IOP Acquires Two

Industrial Opportunity Partners, an operations- focused private equity firm based in Evanston, Ill., has acquired two related businesses, Van Products and Unipro by its platform company Center Manufacturing. Senior debt was provided by Capital One Leverage Finance Corp and junior debt was provided by Patriot Capital. Terms of the transaction were not disclosed. Van and […]

IOP Acquires Trantech

Industrial Opportunity Partners has acquired Trantech Radiator Products, a manufacturer and supplier of radiators to the North American electric power transmission and distribution industry. Trantech represents IOP’s 10th platform investment in its current $185 million committed fund and its third platform investment in 2011. PRESS RELEASE Industrial Opportunity Partners (“IOP”), a private equity firm based […]

IOP Acquires Kuss

Industrial Opportunity Partners, an operations-focused private equity firm based in Evanston, Ill., has acquired the Light Duty Filtration assets of Cummins, a leader in the design, manufacture, distribution, and service of engines and related technologies. IOP has renamed the business Kuss Filtration. Terms of the transaction were not disclosed. PRESS RELEASE Industrial Opportunity Partners (“IOP”), […]

Cummins Sells Unit to Industrial Opportunities Partners

Diesel engine maker Cummins Inc. said it agreed to sell a part of its light duty filtration operations to Industrial Opportunity Partners, Reuters reported Friday. Terms of the deal were not released. The sale is part of Cummins’ plans to streamline its business segments.

Industrial Opportunity Partners Invests in Roadtrek

Evanston, Illinois-based private equity firm Industrial Opportunity Partners has recapitalized privately held Roadtrek Motorhomes Inc. Roadtrek is based in Ontario, and is a designer and manufacturer of motorhomes and camper vans. Terms of the deal were not released. Industrial Opportunity Partners is partnering in its investment with the current sole shareholder, Jeff Hanemaayer, who will remain as co-chairman. Andy Weller, an IOP Operating Principal, will become a co-chairman.

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