M&A Deal Summary

Industrial Opportunity Partners Acquires N.B. Handy

On May 17, 2022, private equity firm Industrial Opportunity Partners acquired distribution company N.B. Handy

Acquisition Highlights
  • This is Industrial Opportunity Partners’ 2nd transaction in the Distribution sector.
  • This is Industrial Opportunity Partners’ 30th transaction in the United States.
  • This is Industrial Opportunity Partners’ 1st transaction in Virginia.

M&A Deal Summary
Date 2022-05-17
Target N.B. Handy
Sector Distribution
Buyer(s) Industrial Opportunity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

N.B. Handy

Lynchburg, Virginia, United States
N.B. Handy is a building products distributor specializing in HVAC products, architectural metal roofing and machinery, with vertically integrated fabrication operations for select products. The Company has been in operation for over 130 years and serves the commercial and residential markets in the Southeast and Mid-Atlantic regions through its 21 locations in 6 states.

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Buyer(S) 1

Buyer

Industrial Opportunity Partners

Evanston, Illinois, United States

Investor 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 32 of 32
Sector (Distribution) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 14 of 14
State (Virginia) 1 of 1
Country (United States) 30 of 30
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Viaflex

Sioux Falls, South Dakota, United States

Viaflex is a manufacturer and supplier of highly engineered polymer films and sheeting to major markets throughout the United States and abroad. Viaflex is dedicated to developing targeted product solutions that solve precise application challenges integrating sustainable environmental design practices for long-range performance. Viaflex is based in Sioux Falls, South Dakota.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-22 United Poly Systems

Springfield, Missouri, United States

United Poly Systems is a manufacturer of made-to-order high-density polyethylene (“HDPE”) pipe for a variety of infrastructure applications. The company product offering is commonly used in the Telecommunications, Power Utility, Electrical, CATV, Sewer, Potable Water, and Oil/Gas collection industries. United Poly Systems was founded in 2011 and is based in Springfield, Missouri.

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Mergr

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