Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company United Poly Systems Holdings (UPS) to Atkore, a global provider of electrical, safety and infrastructure solutions.
Industrial Opportunity Partners (IOP), an operations-focused private equity firm, has completed the sale of portfolio company United Poly Systems Holdings (UPS) to Atkore, a global provider of electrical, safety and infrastructure solutions.
Terms of the transaction have not been disclosed.
IOP acquired UPS in June 2019. The divestiture of UPS represents IOP’s second investment realisation from its $450 million third fund, Industrial Opportunity Partners III, and IOP’s fifth investment realisation since the beginning of 2021, all to strategic acquirers.
UPS is a manufacturer of high-density polyethylene (HDPE) pressure pipe and conduit for use in multiple applications and end markets including telecom, water infrastructure, renewables, and energy.
