How many investments has Industrial Opportunity Partners made?

Industrial Opportunity Partners has 23 tracked investments, including 3 dated in the last 24 months.

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.

Does Industrial Opportunity Partners lead rounds?

Yes, Industrial Opportunity Partners leads investment rounds.

Industrial Opportunity Partners

Private equity

Evanston · Growth · 30 people tracked

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Find your way into Industrial Opportunity Partners

1,598 people in our graph share verified history with the Industrial Opportunity Partners team — schools, employers, funds. One of them is your warm intro.

Sarah Unger Biggsunlockedknows Brooke Hartman · together at Long Wharf (overlapped)

×3knows the team · via National City Capital Markets

×3knows the team · via Harris Williams & Co.

×3knows the team · via OC&C Strategy Consultants

×2knows the team · via Arthur Andersen & Co.

✨ Fox Verdict

Investment thesis

IOP focuses exclusively on middle-market industrial companies, making control-equity investments in manufacturing and value-added distribution businesses. The firm seeks companies with a defensible market position and clear potential for operational improvement. Using a collaborative, operations-driven model, IOP works alongside portfolio companies to create value for employees, communities, customers, suppliers and investors. Founded by finance and operations executives, the firm emphasizes hands-on, experience-based expertise for the companies that form the backbone of the economy.

Invests inAdvanced Manufacturing Logistics & Supply Chain Evanston United States

Source: firm website, verified Sep 27, 2026.

Stage

Growth

Evanston, US

Leads rounds

Leads

Instruments

Equity

Founded

2005

Last 12 months

1 investment

AUM

$1.3B

Tracked investments

Team · 30 people

from the firm's website & curated

Bob Vedra· Senior Managing Director· Evanston, Illinois, United Statesin

Ken Tallering· Senior Managing Director

David Dorfman· Managing Director· Chicago, Illinois, United Statesin

Kyle Hood· Managing Director· Evanston, Illinois, United Statesin

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

Connor Greenlees· Director· Lake Forest, Illinois, United Statesin

Kyle Kirk· Director· Greater Chicago Areain

Brooke Hartman· Operating Principal· Boston, Massachusetts, United Statesin

Member of the operations team responsible for fund-level accounting and assisting with cash management and financial reporting. Joined in 2020 with eight years of experience.

b•••@longwharf.comreveal

Thayne Forbes· Director· London, England, United Kingdomin

Alberto Satine· Operating Principal

Andy Weller· Operating Principal

Ann Costello· Office Manager

Annie Weinheimer· Vice President, Business Development

Craig Korte· Director, Business Development· Greater Chicago Areain

Dave Mackin· Operating Principal

Jim Todd· Operating Principal

Operating Principal at IOP who served as Chairman of Royston's Board of Directors throughout IOP's ownership period.

Kira Bockwinkel· Vice President, Finance· Chicago, Illinois, United Statesin

Kristin Clemens· Associate Vice President

Michael Hering· COO & CFO· Evanston, Illinois, United Statesin

Michael Nelson· Associate Vice President, Operations· Chicago, Illinois, United Statesin

Michael Nelson is an Associate Vice President at Industrial Opportunity Partners, LLC, where he works as a private equity operator focused on strategy and finance. His experience spans consulting and M&A integrations, including work with portfolio companies ranging from $25M to $1B in revenue across the technology, professional services, and manufacturing sectors, where he has driven $38M in synergies for a technology services integration and held interim Vice President of Finance roles at a $400M technology division and a $145M engineering services firm. He holds an MBA from the Kellogg School of Management with a focus in marketing and a Bachelor of Science in Business Administration from the University of Dayton.

Mike Hnatysko· Director, Finance and Compliance

Monica Gunther· Office Manager

Nick DiMauro· Vice President, Operations· Greater Chicago Areain

Nick DiMauro is a Vice President of Portfolio Operations at Industrial Opportunity Partners, where he collaborates with portfolio company management teams and the firm's Operating Principals on operational and financial initiatives. Before joining IOP, he led the FP&A function at Hometown Food Company, held various finance roles at The Kraft Heinz Company, and began his career in Deloitte's Financial Advisory practice. He holds a B.S. in Industrial Engineering from the University of Illinois at Urbana-Champaign and an MBA from the University of Chicago Booth School of Business, and has passed all three levels of the CFA Program.

Nick Quincy· Associate Vice President, Operations· Evanston, Illinois, United Statesin

Nick Quincy is Associate Vice President of Portfolio Operations at Industrial Opportunity Partners (IOP), where he works with CEOs and leadership teams on value creation planning, commercial effectiveness, operational improvement, cost transformation, and working capital management across the investment lifecycle. His earlier career includes private equity diligence and value creation work at PwC Strategy&, as well as commercial leadership and engineering/operations roles at Illinois Tool Works. He holds an MBA from the University of Michigan (Ross) and a BS in Mechanical Engineering from UW–Platteville.

Norman Young· Operating Principal· Boston, Massachusetts, United States

Pete Clifford· Associate· Greater Chicago Areain

Phil Fioravante· Operating Principal

Todd Mowry· Director, Operations· Chicago, Illinois, United Statesin

Todd Mowry is a Director at Industrial Opportunity Partners, LLC. His work focuses on improving companies' top-line performance, operational efficiency, and profitability.

Tom Ninneman· Operating Principal

Tyler Kenealey· Associate· Greater Chicago Areain

Will Sullivan· Vice President, Operations· Greater Chicago Areain

What they invest in

from 9 of 23 portfolio companies

Advanced Manufacturing ×9FoodTech ×3Hardware ×3New Materials ×3Consumer ×2Logistics & Supply Chain ×2Mobility & Transportation ×2B2B Marketplaces ×1

HQs:United States×9

Investments · 23 tracked

founders shown can be your intro path

By year:2026 · 1 2025 · 1 2024 · 1 2017 · 14 dated

Edelbrock Groupedelbrockgroup.com in 𝕏✓ verified

Edelbrock Group manufactures and distributes performance automotive aftermarket parts including valve train, drivetrain, supercharger, and fuel injection components for racers and enthusiasts.

Advanced ManufacturingConsumerHardwareOlive Branch, US

Charcuterie Artisanscharcuterie.com in 𝕏Sep 2025

Charcuterie Artisans is the parent company of four American-made charcuterie brands (Creminelli Fine Meats, Daniele, Del Duca, and La Quercia) that produce premium cured meats and salumi using Old World techniques combined with modern food safety standards.

Advanced ManufacturingConsumerDirect to ConsumerFoodTech

Co-investorsOaktree

Creative Foam Corporationcreativefoam.com in

Creative Foam manufactures custom engineered die-cut, formed foam, nonwoven and multi-material components for the transportation, healthcare, and industrial markets.

Advanced ManufacturingEnterprise SoftwareMedical DevicesNew MaterialsUnknown (offices throughout North America and Mexico), US

Dr. Peter T. Swallow

Harvest Food Groupharvestfoodgroup.com in

Harvest Food Group is a frozen food manufacturer offering end-to-end solutions including custom product development, quality assurance, and packaging for brands and retailers.

Advanced ManufacturingFoodTechNaperville, US

Mickey Truck Bodiesmickeybody.com inDec 2024

Mickey Truck Bodies manufactures custom truck bodies for commercial fleets, including refrigerated, vending, and beverage delivery solutions, using advanced precision fabrication and robotic welding systems.

Advanced ManufacturingHardwareLogistics & Supply ChainMobility & TransportationHigh Point, US

Matt Sink(President & CEO)inChristopher A. Smosna(Chief Financial Officer)Grant Hilliard(Vice President of Sales and Marketing)in Richard Mills(Chief Operating Officer)in Heather Miller(Vice President of Human Resources)in

Southern CaseArtssoutherncasearts.com in

Southern Case Arts manufactures customizable refrigerated island display cases for retail environments that showcase grab-and-go items, food, and beverages.

Advanced ManufacturingFoodTechHardwareRetail TechAlabama, US

Stratton Aviationstrattonaviation.comMay 2026

Stratton Aviation provides commercial aircraft component solutions including parts inventory, purchase and lease options, and end-of-life aircraft services for airlines, maintenance repair organizations, and lessors.

Advanced ManufacturingB2B MarketplacesLogistics & Supply ChainMobility & Transportation

Transcendiatranscendia.com in 𝕏May 2017

Transcendia manufactures and converts synthetic paper and film products for applications including backlit displays, point-of-purchase signage, retail graphics, menus, banners, tags, labels, and secure ID cards.

Advanced ManufacturingNew MaterialsPark Ridge, US

Scott Danielin

BoardCharles H. Gailliot(Executive Officer, Director)

Co-investorsGoldman Sachs

Viaflexviaflex.com in

Viaflex manufactures high-quality flexible films, covers, and linings for environmental projects, serving markets in the US and internationally with domestically sourced supply chains.

Advanced ManufacturingCleantechNew Materials

Scott Wickershamin

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AarrowcastCreative Foam HoldingsEdelbrockForte Opening SolutionsGreenfiberHamilton Laboratory SolutionsLittle Giant Ladder SystemsNb Handy HoldingsPolyvision CorporationProImage Wholesale SignsRoystonRoyston GroupSignResource, LLCYork Design Group

Fund performance · per public LP disclosures

as of Jun 2025

Fund	Vintage	Committed	Net IRR	TVPI	DPI
Industrial Opportunity Partners, L.P.LPs: New Mexico Educational Retirement Board	2006	—	24.3%	2.99x	2.99x

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

How many investments has Industrial Opportunity Partners made?: Industrial Opportunity Partners has 23 tracked investments, including 3 dated in the last 24 months.
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.
Does Industrial Opportunity Partners lead rounds?: Yes, Industrial Opportunity Partners leads investment rounds.

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