Investment Summary

Industrial Opportunity Partners, Manulife Investment Management and NMP Capital Invest In Creative Foam

On October 10, 2017, private equity firm Industrial Opportunity Partners, mezzanine finance firm Manulife Investment Management and mezzanine finance firm NMP Capital invested in manufacturer Creative Foam

Investment Highlights
  • This is Industrial Opportunity Partners’ 3rd, Manulife Investment Management’s 2nd and NMP Capital’s 6th transaction in the Manufacturing sector.
  • This is Industrial Opportunity Partners’ 21st, Manulife Investment Management’s 21st and NMP Capital’s 65th transaction in the United States.
  • This is Industrial Opportunity Partners’ 4th, Manulife Investment Management’s 2nd and NMP Capital’s 6th transaction in Michigan.

Investment Summary

Date 2017-10-10
Target Creative Foam
Sector Manufacturing
Investor(s) Industrial Opportunity Partners
Manulife Investment Management
NMP Capital
Deal Type Growth Capital
Advisor(s) Western Reserve Partners LLC (Financial)

Target

Creative Foam

Fenton, Michigan, United States
Creative Foam is a manufacturer and supplier of custom-engineered die-cut, formed foam, nonwoven, and multi-material component solutions to the automotive, medical, and wind energy markets. Creative Foam was founded in 1969 and is based in Fenton, Michigan.

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Investor(S) 3

Investor

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 23 of 32
Sector (Manufacturing) 3 of 7
Type (Growth Capital) 4 of 4
State (Michigan) 4 of 4
Country (United States) 21 of 30
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Kuss Filtration

Bloomer, Washington, United States

Kuss Filtration, Inc. is a provider of light duty automotive and industrial filtration solutions serving original equipment manufacturer customers in the automotive, industrial equipment, materials handling, lawn and garden, agricultural and motorcycle industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-01 Coldwater Veneer

Coldwater, Michigan, United States

Coldwater Veneer, Inc. is a manufacturer of specialty hardwood veneer for the global marketplace including end markets such as building products, furniture, home furnishings, and automotive markets. Coldwater Veneer is based in Coldwater, Michigan.

Sell -
Investor

Manulife Investment Management

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
Size Large
Type Sector Agnostic
DESCRIPTION

Manulife Investment Management is a private investment group that provides mezzanine as well as non-controlling equity capital to middle-market businesses. Manulife Investment's target investment size is $10 to $50 million per transaction. The Group prefers opportunities located in the US. Manulife Investment Management was established in 1998 and maintains offices in Boston and New York City.


DEAL STATS #
Overall 22 of 26
Sector (Manufacturing) 2 of 3
Type (Growth Capital) 1 of 2
State (Michigan) 2 of 2
Country (United States) 21 of 24
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 CyberCore Technologies

Elkridge, Maryland, United States

CyberCore Technologies is a provider of information technology services to a variety of federal government agencies with a focus on intelligence and security. CyberCore Technologies was founded in 2000 and is based in Elkridge, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 KeyPoint Government Solutions

Loveland, Colorado, United States

KeyPoint Government Solutions is a mission-critical provider of specialized investigative services to a broad range of U.S. Federal Government organizations spanning the civilian, defense and intelligence sectors.

Sell -
Investor

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 67 of 88
Sector (Manufacturing) 6 of 9
Type (Growth Capital) 8 of 11
State (Michigan) 6 of 7
Country (United States) 65 of 85
Year (2017) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-20 Kuss Filtration

Bloomer, Washington, United States

Kuss Filtration, Inc. is a provider of light duty automotive and industrial filtration solutions serving original equipment manufacturer customers in the automotive, industrial equipment, materials handling, lawn and garden, agricultural and motorcycle industries.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 Ramsey Industries

Tulsa, Oklahoma, United States

Ramsey Industries is a manufacturer of service cranes, industrial and commercial winches, planetary gear, and digger drives. Ramsey Industries was founded in 1944 and is based in Tulsa, Oklahoma.

Buy -