M&A Deal Summary

Industrial Opportunity Partners Acquires Forte Opening Solutions

On April 23, 2024, private equity firm Industrial Opportunity Partners acquired building materials company Forte Opening Solutions

Acquisition Highlights
  • This is Industrial Opportunity Partners’ 3rd transaction in the Building Materials sector.
  • This is Industrial Opportunity Partners’ 34th transaction in the United States.
  • This is Industrial Opportunity Partners’ 3rd transaction in Illinois.

M&A Deal Summary

Date 2024-04-23
Target Forte Opening Solutions
Sector Building Materials
Buyer(s) Industrial Opportunity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Forte Opening Solutions

Evanston, Illinois, United States
Forte Opening Solutions is a is a designer and manufacturer of built-to-order wood doors for a broad range of customers in commercial and institutional settings, including hospitality, healthcare, education and office environments. Forte Opening Solutions is based in Evanston, Illinois.

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Buyer(S) 1

Buyer

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Industrial Opportunity Partners is a private equity firm focused on acquiring and managing middle-market manufacturing and value-added distribution businesses. IOP looks to invest $15 to $100 million in companies with revenues between $50 and $500 million with an EBITDA of $5 to $50 million. Sectors of interest include building products, electronics, foundry, and casting products, precision machining, stamped and fabricated products, automotive components and steel/metal processing. IOP has a particular investment focus on enhancing the operations and optimizing the cost structures of businesses. Industrial Opportunity Partners was formed in 2005 and is based in Evanston, Illinois.


DEAL STATS #
Overall 36 of 36
Sector (Building Materials) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 17 of 17
State (Illinois) 3 of 3
Country (United States) 34 of 34
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-11 Harvest Food Group

Naperville, Illinois, United States

Harvest Food Group is a manufacturer, supplier, and distributor of frozen foods. The company specializes in entrees, side dishes, meal kits, blends, and a variety of produces and ingredients and operates an SQF-certified and USDA-inspected manufacturing and distribution facility. Harvest Food Group was founded in 1999 and is based in Naperville, Illinois.

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