Where is Industrial Opportunity Partners headquartered?

Industrial Opportunity Partners is headquartered in Evanston, USA, according to the public sources this profile is built from.

When was Industrial Opportunity Partners founded?

Public sources give 2005 as the year Industrial Opportunity Partners was founded.

Which sectors does Industrial Opportunity Partners invest in?

Industrial Opportunity Partners lists Manufacturing, Value-added distribution and Middle-market industrials among its focus areas.

How many portfolio companies does Industrial Opportunity Partners have?

PE Firm Index tracks 14 Industrial Opportunity Partners portfolio companies from the firm's public portfolio page, as of 2026-11-07. The firm's own count may differ, for example where exited companies are listed.

What deals has Industrial Opportunity Partners done recently?

The most recent deal on record here is: Industrial Opportunity Partners acquired Transcendia. This page lists 1 deal, each with its public source.

Who leads Industrial Opportunity Partners?

Public sources name Ken Tallering (Senior Managing Director), Bob Vedra (Senior Managing Director) and David Dorfman (Managing Director) among Industrial Opportunity Partners' leadership.

Which firms are similar to Industrial Opportunity Partners?

By overlap in portfolio sectors in this index: Stone Arch Capital, Littlejohn & Co and Chimney Rock Equity Partners.

PE Firm · Capital Allocator

Industrial Opportunity Partners

Medium

Evanston, United States · Founded 2005 · Website

Control-equity investmentsOperational improvementManufacturingValue-added distributionMiddle-market industrials

Last verified

11/7/2026

Firm Overview

Portfolio tracked

Sectors

Regions

11/7/2026

Last verified

The firm makes control-equity investments in middle-market manufacturing and value-added distribution businesses. It focuses on companies with a defensible market position and potential for operational improvement.

Industrial Opportunity Partners (IOP) is a private equity firm based in Evanston, Illinois, that was established by finance and operations executives. The firm focuses on middle-market manufacturing and distribution businesses, which it describes as the backbone of the economy.

The firm utilizes a collaborative model for investing and working with its portfolio companies to create value for employees, communities, customers, suppliers, and investors. IOP manages over $1.5 billion in committed capital from institutions such as endowments and pension funds.

IOP has invested in more than 25 middle-market industrial platform companies. The firm provides expertise to its platform companies through teams consisting of operating, investment, and administrative professionals with decades of experience.

Founded2005

HeadquartersEvanston, United States

StrategiesControl-equity investments, Operational improvement

Sector focusManufacturing, Value-added distribution, Middle-market industrials

Leadership

Ken Tallering

Senior Managing Director

Bob Vedra

Senior Managing Director

David Dorfman

Managing Director

Kyle Hood

Managing Director

Michael Hering

COO & CFO

Phil Fioravante

Operating Principal

Ranjith Kondath

Operating Principal

Dave Mackin

Operating Principal

Tom Ninneman

Operating Principal

Alberto Satine

Operating Principal

Jim Todd

Operating Principal

Andy Weller

Operating Principal

Norman Young

Operating Principal

Connor Greenlees

Director

Kyle Kirk

Director

Craig Korte

Director, Business Development

Todd Mowry

Director, Operations

Mike Hnatysko

Director, Finance and Compliance

Annie Weinheimer

Vice President, Business Development

Kira Bockwinkel

Vice President, Finance

Deals on record

1 on record in the index

Platform investment

Industrial Opportunity Partners acquired Transcendia

Date not stated

Source: iopfund.com

Deals are listed only where a public source names both sides. Submit a correction.

Portfolio on record

Portfolio by sector

Unclassified12 of 14
Industrials2 of 14

14 portfolio companies on record in the index, grouped by sector hub.

Current and exited

Current: 14 of 14Exited: 0 of 14

Portfolio size among all firms

14 companies on record, more than 26% of the 405 firms in the index.

0885 companies (log scale)

Portfolio Companies

Company	Sector	Status	Website
Charcuterie Artisans	Not on record	Current	Not on record
Creative Foam Corporation	Not on record	Current	Not on record
Edelbrock Group	Not on record	Current	Not on record
Forte Opening Solutions	Not on record	Current	Not on record
Greenfiber	Not on record	Current	Not on record
Harvest Food Group	Not on record	Current	Not on record
Little Giant Ladder Systems	Not on record	Current	Not on record
Mickey Truck Bodies	Not on record	Current	Not on record
N.B. Handy Holdings	Not on record	Current	Not on record
PolyVision Corporation	Not on record	Current	Not on record
Stratton Aviation	Not on record	Current	Not on record
Transcendia	Not on record	Current	Not on record
Viaflex	Not on record	Current	Not on record
York Design Group	Not on record	Current	Not on record

Source: https://www.iopfund.com/investments/

Firms that also back Industrial Opportunity Partners' companies

Co-investor web

Line width shows shared portfolio companies on record in the index. Top 2 co-investors shown.

Comvest Partners1 shared company
Viaflex
TJC1 shared company
Transcendia

Questions about Industrial Opportunity Partners

Where is Industrial Opportunity Partners headquartered?: Industrial Opportunity Partners is headquartered in Evanston, USA, according to the public sources this profile is built from.
When was Industrial Opportunity Partners founded?: Public sources give 2005 as the year Industrial Opportunity Partners was founded.
Which sectors does Industrial Opportunity Partners invest in?: Industrial Opportunity Partners lists Manufacturing, Value-added distribution and Middle-market industrials among its focus areas.
How many portfolio companies does Industrial Opportunity Partners have?: PE Firm Index tracks 14 Industrial Opportunity Partners portfolio companies from the firm's public portfolio page, as of 2026-11-07. The firm's own count may differ, for example where exited companies are listed.
What deals has Industrial Opportunity Partners done recently?: The most recent deal on record here is: Industrial Opportunity Partners acquired Transcendia. This page lists 1 deal, each with its public source.
Who leads Industrial Opportunity Partners?: Public sources name Ken Tallering (Senior Managing Director), Bob Vedra (Senior Managing Director) and David Dorfman (Managing Director) among Industrial Opportunity Partners' leadership.
Which firms are similar to Industrial Opportunity Partners?: By overlap in portfolio sectors in this index: Stone Arch Capital, Littlejohn & Co and Chimney Rock Equity Partners.

Sources for this profile, updated 2026-11-07

Firm website
Deal reports (1), linked beside each deal

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with Industrial Opportunity Partners and does not provide investment advice.

Firms similar to Industrial Opportunity Partners

Stone Arch Capital

Both hold Industrials companies; 18 tracked portfolio companies.

Littlejohn & Co

Both hold Industrials companies; 8 tracked portfolio companies.

Chimney Rock Equity Partners

Both hold Industrials companies; 6 tracked portfolio companies.

Heartwood Partners

Both hold Industrials companies; 33 tracked portfolio companies.

Chosen from this index by overlap in portfolio sectors, then by portfolio size. Not a ranking or a recommendation.

Firm Intelligence

Portfolio tracked14
SectorsManufacturing, Value-added distribution, Middle-market industrials
RegionsNot on record
AUMNot on record

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