Industrial Opportunity Partners (IOP) is based in Evanston, Illinois. IOP was founded in 2005 by a group of like-minded finance and operations executives who came together to build a PE firm centered on a shared passion for the companies that are the backbone of our economy — middle-market manufacturing and distribution businesses. They use a collaborative model for investing in and working with these companies to create value for all constituencies — employees, communities, customers, suppliers and investors.