Cathay Capital, Norwest Mezzanine Partners and ORIX Acquire Innovative Office Products

Innovative Office Products Acquires CompuCaddy

January 20, 2024

Medical Devices

Innovative Office Products (IOP), a PE-backed manufacturer of ergonomic office and healthcare mounting solutions, has acquired Louisville-based CompuCaddy, a maker of medical computer carts and workstations. The deal will keep manufacturing in Louisville, retain CompuCaddy's brand and leadership in a consulting role, and supports IOP's expansion into the healthcare market.

Arsenal Capital Partners Acquires Innovative Products & Equipment

August 23, 2022

Industrial Services

Arsenal Capital Partners has acquired Innovative Products & Equipment and will combine it with portfolio company Eckhart to build a leading automation solutions provider serving medical device and life sciences customers. Terms were not disclosed; Innovative is headquartered in Hudson, New Hampshire and will expand Eckhart's Factory of the Future and advanced automation capabilities.

Midwest Growth Partners Acquires Incorp Holdings

December 18, 2020

Industrial Services

Midwest Growth Partners led a transaction to acquire Incorp Holdings, LLC, with subordinated debt and equity provided by NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street), Lowe Capital, Spring Capital, Pete Vrettakos, and Incorp's senior management team. Incorp, an Evansville, Indiana-based specialty contractor providing insulation, scaffolding and multi-craft industrial services, will use the proceeds to expand service lines and geographic coverage to support organic and acquisitive growth.

Peak-Ryzex (Sole Source Capital Portfolio) Acquires Inovity, Inc.

May 4, 2021

Industrial Services

Peak-Ryzex, a Sole Source Capital portfolio company, has acquired Inovity, Inc., a value-added reseller of AIDC labels, media and hardware. The add-on expands Peak-Ryzex's product offerings and technical capabilities across healthcare, manufacturing and industrial end-markets; terms were not disclosed.

American Industrial Partners Invests in Orizon Aerostructures

December 28, 2020

Aerospace & Defense

On December 28, 2020, private equity firm American Industrial Partners (AIP) invested $50 million (a combination of loan and equity) in Orizon Aerostructures to provide additional liquidity and support the company’s growth and long-term strategy. The capital will help Orizon expand capabilities across its advanced machining, processing and assembly operations for commercial and defense aerostructure platforms.

Shore Capital Partners Invests in Innovative Packaging Company

March 30, 2021

Packaging

Shore Capital Partners has completed a partnership with Innovative Packaging Company (IPC), a custom packaging solutions and distribution provider based in Vancouver, Washington. Shore will invest in business development, sales and operational infrastructure to scale IPC as a national packaging solutions platform and pursue organic growth and inorganic growth through add-on acquisitions.