Evanston, Ill., December 31, 2024 – Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., today announced an investment in Mickey Truck Bodies, Inc. (“Mickey” or the “Company”), a designer, manufacturer, and installer/upfitter of specialty truck and van bodies. Terms of the deals were not disclosed.
Headquartered in High Point, N.C. and family-owned since its founding in 1904, Mickey produces customizable truck and van bodies for blue-chip customers across its side-loader, vending, dry freight, refrigerated and emergency vehicle product categories. The Company serves food and beverage distribution, emergency services, propane delivery, battery exchange, and dry freight transportation markets by leveraging a sophisticated manufacturing approach and with an emphasis on quality assurance and customer satisfaction. Mickey also offers comprehensive parts and fleet services.
Fourth generation family member Matt Sink will lead the Company as President and CEO and will maintain an ownership position.
The Mickey partnership continues IOP’s long involvement in the commercial and specialty vehicle sector, where most recently IOP invested in Monroe Truck Equipment which was sold to Aebi Schmidt Group in 2021. Former Monroe Truck Equipment CEO Tom Ninneman later joined IOP as an Operating Principal and will assume the role of Chairman at Mickey.
IOP Managing Director David Dorfman commented, “We are energized by the opportunity to partner with the Mickey and Sink families during this transformative time. We have long recognized Mickey as a market-leading, branded product with a reputation for quality, customer service and innovation. Additionally, we look forward to supporting Mickey with further investment and operational resources to continue the Company’s impressive growth trajectory.”
The acquisition of Mickey represents the sixth platform investment for IOP’s fourth fund, Industrial Opportunity Partners IV, L.P. Winston & Strawn LLP provided legal representation and D.A. Davidson & Co. acted as financial advisor to IOP in the transaction. Financing for the transaction was provided by Freeport Financial. Capstone Partners acted as advisor to Mickey.
About Mickey Truck Bodies
Mickey started as a blacksmith shop in High Point, N.C. in 1904, and continues to be led by the fourth generation of the Mickey family. Throughout its history, Mickey has led the pace of change within its customer markets and has become a premier designer, manufacturer and installer/upfitter of specialized truck equipment for a wide range of customers. For more information, visit Mickey’s website at www.mickeybody.com.
About Industrial Opportunity Partners
IOP, an Evanston, Ill.-based private equity firm with over $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, visit IOP’s website at www.iopfund.com.