Norwest Mezzanine Partners Supports Industrial Opportunity Partners’ Acquisition of United Poly Systems
June 25, 2019
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 United Poly Systems LLC (UPS), a manufacturer of made‐to-order high density polyethylene (“HDPE”) pipe for use in multiple end markets and applications.
Carter Balfour, NMP Partner, stated, “We are excited and appreciative of the opportunity to invest once again with Industrial Opportunity Partners. The UPS management team has done an amazing job taking the company from a start-up to a profitable, growing middle-market business with multiple manufacturing locations, and we know that IOP’s resources and expertise will help guide the company in its next phase of growth”
Founded in 2011, UPS is a manufacturer of made-to-order HDPE pipe for use in multiple end markets and applications. The Company manufactures both HDPE pressure pipe for fluid transmission and HDPE duct / conduit pipe for cable and electrical transmission. The Company is headquartered in Springfield, Mo., with an additional manufacturing facility in Albuquerque, N.M.
“NMP continues to demonstrate their reliability, flexibility and consistency during the entire investment process. We appreciate NMP’s support on this transaction and truly value the partnership our firms have formed,” commented Kyle Hood, Director of IOP.
For more information, visit UPS’s website at www.unitedpolysystems.com.
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 $400 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