Operations-focused private equity firm Industrial Opportunity Partners (IOP), has closed its fourth fund, Industrial Opportunity Partners IV (Fund IV), with $650 million of committed capital.
IOP achieved its hard cap for Fund IV, exceeding Fund IV’s original target of $600 million. Investors include university endowments, insurance companies, pension plans, and funds-of-funds.
Founded in 2005, IOP focuses on acquiring and overseeing middle-market manufacturing and value-added distribution businesses with revenues typically between $50 million and $500 million. IOP primarily targets North American businesses with strong product, customer, and market positions that can benefit from the operating capabilities provided by IOP.
IOP is differentiated by its operating resources led by its dedicated, full-time Board of Operating Principals – a group of executives, each with over 25 years of experience, who guide and assist management teams in stabilising, enhancing, and growing the value of their businesses.
Fund IV has completed two platform investments to date: NB Handy Company, a building products distributor specialising in HVAC products, architectural metal roofing and machinery, with vertically integrated fabrication operations for select products; and Viaflex (formerly Raven Engineered Films), a provider of highly engineered polymer films and sheeting for agriculture, construction, geomembrane, and industrial applications.
