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Industrial Opportunity Partners

Private equity

Evanston · Growth · 28 people tracked

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Investment thesis

IOP invests in middle-market manufacturing and distribution companies, which it views as the backbone of the economy. It applies a collaborative, partnership-based model that pairs experienced investing professionals with exclusive full-time Operating Principals who work directly with management throughout the investment period — from diligence and strategic planning through operational execution and exit. The firm takes a hands-on, 'boots-on-the-ground' approach, supporting companies through operational upgrades, cost optimization and growth initiatives, tailoring its involvement to each company's stage. IOP aims to create value for all stakeholders including employees, communities, customers, suppliers and investors.

Invests inAdvanced ManufacturingLogistics & Supply ChainEvanstonUnited States

Source: firm website, verified Aug 6, 2026.

Stage
Growth
HQ
Evanston, US
Instruments
Equity
Founded
2005
AUM
$1.5B
Tracked investments
19

Team · 28 people

from the firm's website
Bob Vedra· Senior Managing Director
Ken Tallering· Senior Managing Director
David Dorfman· Managing Director
Kyle Hood· Managing Director

Managing Director at IOP involved in the Royston investment and its sale to LSI Industries.

Connor Greenlees· Director
Kyle Kirk· Director
Alberto Satine· Operating Principal
Andy Weller· Operating Principal
Ann Costello· Office Manager
Annie Weinheimer· Vice President, Business Development
Craig Korte· Director, Business Development
Dave Mackin· Operating Principal
Kira Bockwinkel· Vice President, Finance
Kristin Clemens· Associate Vice President
Michael Hering· COO & CFO
Michael Nelson· Associate Vice President, Operations
Mike Hnatysko· Director, Finance and Compliance
Monica Gunther· Office Manager
Nick DiMauro· Vice President, Operations
Nick Quincy· Associate Vice President, Operations
Norman Young· Operating Principal
Pete Clifford· Associate
Phil Fioravante· Operating Principal
Todd Mowry· Director, Operations
Tom Ninneman· Operating Principal
Tyler Kenealey· Associate
Will Sullivan· Vice President, Operations

Investments · 19 tracked

founders shown can be your intro path
Charcuterie Artisans
Creative Foam Corporation
Edelbrock Group
Forte Opening Solutions
Greenfiber
Hamilton Laboratory Solutions

Add-on acquisition to the Royston platform.

Harvest Food Group
Little Giant Ladder Systems
Mickey Truck Bodies
Nb Handy Holdings
Polyvision Corporation
ProImage Wholesale Signs

Add-on acquisition to the Royston platform.

Royston Group

Vertically integrated provider of identity and equipment solutions for retail environments, serving convenience store, grocery, refueling station, and quick serve restaurant chains across North America; sold by IOP to LSI Industries in 2026.

SignResource, LLC

Branded retail solutions company acquired as an add-on to the Royston platform.

Southern CaseArts

Add-on acquisition to the Royston platform.

Stratton Aviation
Transcendia
Viaflex
York Design Group

Fund performance · per public LP disclosures

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
Industrial Opportunity Partners, L.P.LPs: New Mexico Educational Retirement Board200624.3%2.99x2.99x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does Industrial Opportunity Partners invest at?
Industrial Opportunity Partners invests at the Growth stage.
What sectors does Industrial Opportunity Partners focus on?
Industrial Opportunity Partners focuses on Advanced Manufacturing, Logistics & Supply Chain.
Where is Industrial Opportunity Partners located?
Industrial Opportunity Partners is headquartered in Evanston, US.

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