Norwest Mezzanine Partners Supports Industrial Opportunity Partners’ Acquisition of Royston

March 21, 2018

Minneapolis, Minnesota – Norwest Mezzanine Partners (NMP) has invested a combination of subordinated debt and equity securities to support Industrial Opportunity Partners’ (IOP) in its acquisition of Royston LLC, the market leader for the design, manufacture and installation of first-class store interiors for the convenience, grocery, quick serve restaurant, mass merchandise, food service and specialty retail segments.

“We appreciate NMP’s support on this transaction. They were reliable and consistent throughout the entire process. It is a pleasure to work with NMP,” commented Kyle Hood, Director of IOP.

Founded in 1964 and headquartered in Jasper, GA, Royston is a full-service resource for the retail environment from concept to store-level execution. Royston’s products include checkout stands, customer service centers, prep and beverage counters, modular shelving systems, coffee / beverage islands, beverage tower systems, counters, kiosks, and fuel-island valets. In addition to these fixtures and equipment, Royston’s field operations business provides customers with specific project plans, designing customized equipment strategies using state-of-the-art manufacturing systems to deliver operationally effective equipment and meet business goals. Royston products can be found in more than 75,000 retail stores.

Carter Balfour, NMP Partner, stated, “We are thrilled to partner once again with IOP and truly value our relationship. We know that IOP will provide the support and guidance to help the talented Royston management team to capitalize on the multiple growth opportunities for the company.”

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About Industrial Opportunity Partners

Industrial Opportunity Partners, an Evanston, IL based private equity firm with $910 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between $30 million and $350 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