Industrial Opportunity Partners Acquires Raven Engineered Films Division from CNH Industrial

Industrial Opportunity Partners Acquires United Poly Systems

June 11, 2019

Manufacturing

Industrial Opportunity Partners (IOP), an Evanston, Illinois-based private equity firm, has acquired United Poly Systems LLC, a manufacturer of made-to-order HDPE pressure and duct/conduit pipe headquartered in Springfield, Missouri. IOP is partnering with the company's founders and management team to expand production capacity and product offerings; terms were not disclosed.

CNH Industrial Acquires Raven Industries

November 30, 2021

Manufacturing

CNH Industrial N.V. completed the acquisition of Raven Industries, a U.S.-based leader in precision agriculture technology headquartered in Sioux Falls, South Dakota. The deal strengthens CNH's digital and precision-agriculture capabilities, enabling integrated Raven systems to be rolled into CNH brands' products to accelerate the company's digital transformation.

Industrial Opportunity Partners Acquires Midwest Paper

January 8, 2020

Manufacturing

Industrial Opportunity Partners (IOP), an operations-focused private equity firm based in Evanston, Illinois, has acquired Midwest Recycled and Coated Containerboard Mill, LLC ("Midwest Paper"), a paper mill headquartered in Combined Locks, Wisconsin. Terms were not disclosed; the transaction is IOP’s fourth platform investment from its third fund and was financed with senior debt from JP Morgan Chase Bank and Chemical Bank and subordinated debt from Yukon Partners.

Industrial Opportunity Partners Acquires PolyVision from Steelcase

February 24, 2020

Building Products

Industrial Opportunity Partners (IOP), an Evanston, Illinois-based private equity firm, acquired PolyVision Corporation — formerly a subsidiary of Steelcase — in a carve-out transaction; terms were not disclosed. PolyVision, headquartered in Johns Creek, Georgia, manufactures CeramicSteel writing surfaces and architectural cladding for education, healthcare, commercial office and transit end-markets; IOP said it will partner with existing management (Peter Lewchanin to remain CEO) to grow the business.

Industrial Opportunity Partners Acquires COMP Cams (adds to Edelbrock platform)

February 5, 2020

Automotive

Industrial Opportunity Partners (IOP) has acquired Competition Cams, Inc. (COMP Cams), a Memphis-based manufacturer and distributor of high-performance camshaft and valvetrain components. The deal is an add-on to IOP's automotive aftermarket platform that includes portfolio company Edelbrock; terms were not disclosed and financing was provided by PNC Bank, Freeport Financial Partners and Norwest Mezzanine Partners.

Industrial Opportunity Partners Acquires N.B. Handy Company

May 17, 2022

Building Products

Industrial Opportunity Partners (IOP) has acquired N.B. Handy Company, a 130-year-old building products distributor headquartered in Lynchburg, Virginia. Terms were not disclosed; N.B. Handy will continue to be led by President & CEO Rosana Chaidez and will be supported by IOP to drive operational improvements and growth across its 21 locations in six states.