Norwest Mezzanine Partners supports Industrial Opportunity Partners’ Acquisition of Raven Engineered Films Division

April 29, 2022


Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Industrial Opportunity Partners’ (IOP) in its acquisition of Raven Engineered Films Division (Raven EFD), a business that was recently acquired by CNH Industrial.

Carter Balfour, NMP Partner, stated, “We are excited to once again partner with Industrial Opportunity Partners. We know IOP well through numerous historical investments and have the utmost confidence their resources and expertise will be instrumental in guiding the talented Raven EFD team to continued success.”

Raven EFD, based in Sioux Falls, SD, is a leading provider of highly engineered polymer films and sheeting for agriculture, construction, geomembrane, and industrial applications. As a U.S. manufacturer committed to producing essential film and sheeting to protect Earth’s resources, Raven EFD is dedicated to developing targeted product solutions that solve precise application challenges — integrating sustainable environmental design practices for long-range performance.

“NMP proved once again to be a reliable and expeditious partner. We appreciate their support throughout this process and look forward to working together during this investment,” commented Bob Vedra, Senior Managing Director of IOP.

About Industrial Opportunity Partners

Industrial Opportunity Partners, an Evanston, IL based private equity firm with approximately $1.5 billion of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $50 million and $500 million. IOP focuses on businesses with strong product, customer, and market positions, and provides management and operational resources to support sales and earnings growth at its businesses. For more information, please visit www.iopfund.com