Monroe is a powerful example of IOP’s operational focus and specialized sector knowledge shifting a successful middle-market industrial company into the next gear.
Monroe is a Wisconsin-based company that designs, manufactures, distributes and installs specialized truck equipment used in municipal and commercial applications. They are a leader in snow- and ice-related equipment including truck bodies, snow plows and hitches, and de-icing equipment.
Monroe’s owners were seeking partial liquidity and a partner to help them through some operational challenges, causing long lead times and lost sales opportunities.
They ultimately chose IOP based on our operational focus and experience with specialty vehicle markets. We viewed Monroe as having a reputation for quality and smart design, with strong potential for more efficient operations that would support accelerated growth.