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Industrial Opportunity Partners Team Announcement

Industrial Opportunity Partners ("IOP") is pleased to announce the hiring of Craig Korte as its new Director of Business Development. Craig is a seasoned finance professional with over 15 years of business development and transaction experience advising both performing and under-performing middle-market industrial companies on mergers and acquisitions, capital raising and strategic advisory assignments. Craig's professional background has been focused on serving middle-market manufacturing and distribution clients for such firms as D.A. Davidson & Company, Lazard Middle Market LLC and Brown Gibbons Lang & Company. He earned his MBA from the University of Chicago and BS degree in Foreign Service from Georgetown University.

Craig will be joining IOP following the departure of Curt Hart to lead a family-office style investment firm based in Barrington, Illinois. Curt and Craig have known each other for many years and will be collaborating during this transition period.

IOP recently closed its eighth platform investment in Industrial Opportunity Partners II, L.P., its $275 million second fund. IOP is actively seeking additional platform investments as well as add-on acquisitions for its portfolio companies.