Industrial Opportunity Partners, LLC, of Evanston, Ill., has had the final close of its inaugural fund, Industrial Opportunity Partners, L.P., with $185 million of committed capital. IOP exceeded its original fund raising target of $150 million and was oversubscribed at its final closing. IOP focuses on acquiring and managing middle-market manufacturing and value-added distribution businesses, typically with revenues between $30 million and $300 million. IOP targets businesses with strong product, customer and market positions and provides management and operational resources to support sales growth and operational improvements.
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