Home/News/Industrial Opportunity Partners Completes Sale of Portfolio Company Trantech Radiator Products

Industrial Opportunity Partners Completes Sale of Portfolio Company Trantech Radiator Products

Evanston, Ill., June 4, 2019 – Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., today announced that it has completed the sale of portfolio company Trantech Radiator Products, Inc. (“Trantech” or the “Company”) to Main Street Capital (“Main Street”). The divestiture represents IOP’s tenth investment realization from its $185 million inaugural fund. Terms of the transaction were not disclosed. IOP acquired Trantech in November 2011.

Trantech is a designer, manufacturer and supplier of radiators, coolers and cooling systems for transformers used in the generation, transmission and distribution of electric power. The Company’s products are sold to transformer original equipment manufacturers as well as aftermarket customers for repair and replacement applications.

IOP Operating Principal Tom Paisley served as Trantech’s Chairman of the Board, providing strategic oversight of the Company during IOP’s investment period. Mr. Paisley said, “I believe Trantech has become a premier supplier to the electric power industry under the leadership of the Company’s management team. I wish Trantech and Main Street much success in the future.”

Chris Willis, Director of IOP, added, “We would like to thank the management team at Trantech, led by President Greg Horton. We appreciated the opportunity to work with them over the years and we believe the Company will continue to thrive under Main Street’s ownership.”

Gulfstar Group acted as financial advisor and Winston & Strawn LLP provided legal representation to IOP in connection with the sale transaction.

About Trantech

Trantech is a designer, manufacturer and supplier of radiators, coolers and cooling systems for transformers used in the generation, transmission and distribution of electric power. The Company’s products are sold to transformer original equipment manufacturers as well as aftermarket customers for repair and replacement applications. Trantech operates out of its single facility in Edgefield, S.C. For more information, visit Trantech’s website at www.trantechradiators.com.

About Industrial Opportunity Partners

IOP, an Evanston, Ill.-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 revenue 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, visit IOP’s website at www.iopfund.com.

Jun 4, 2019|
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