Evanston, Ill., June 22, 2022 – Industrial Opportunity Partners (“IOP”), an operations-focused private equity firm based in Evanston, Ill., announced today that it has completed the sale of portfolio company United Poly Systems Holdings, Inc. (“UPS” or the “Company”) to Atkore Inc. (NYSE: ATKR) (“Atkore”), a global provider of electrical, safety and infrastructure solutions. Terms of the transaction were not disclosed.

IOP acquired UPS in June 2019. The divestiture of UPS represents IOP’s second investment realization from its $450 million third fund, Industrial Opportunity Partners III, L.P., and IOP’s sixth investment realization since the beginning of 2021, all to strategic acquirers.

UPS is a manufacturer of high-density polyethylene (“HDPE”) pressure pipe and conduit for use in multiple applications and end markets including telecom, water infrastructure, renewables, and energy. The Company operates manufacturing facilities in Springfield, Mo., and Albuquerque, N.Mex..

IOP Operating Principal Norm Young served as UPS’s Chairman of the Board, providing strategic oversight of the Company during IOP’s investment period. Mr. Young said, “We are pleased with all we accomplished working with the UPS team under IOP’s stewardship, focused on optimizing operations and expanding capacity and production capabilities. We believe the business will continue to thrive and expand under new ownership.”

Kyle Hood, Managing Director of IOP, added, “We feel that UPS will be a strategic asset for Atkore and expand their product portfolio and manufacturing capacity to meet HDPE customers’ needs. We would like to thank the management team at UPS, led by Chris Reiter, and wish them continued success in the years to come.”

Winston & Strawn LLP provided legal representation to IOP in connection with the sale transaction.

About United Poly Systems

UPS is a manufacturer of made-to-order HDPE pressure pipe and conduit. UPS offers a wide range of sizes through 26” diameter, and can customize each pipe’s diameter, length, thickness, and color to meet customer specifications for use in the telecom, water infrastructure, renewables and energy-related markets. For more information, visit UPS’s website at www.unitedpolysystems.com

About Industrial Opportunity Partners

IOP, an Evanston, Ill.-based private equity firm with $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.