Case Study

Vita Nonwovens, LLC has been acquired by Industrial Opportunity Partners

CapitalSouth Growth Fund and Crutchfield Capital, LLC have sold Vita Nonwovens, LLC to Industrial Opportunity Partners (IOP). Financial details of this transaction have not been made public.

Vita Nonwovens, LLC, based in High Point, North Carolina, is a leading manufacturer of high-performance, durable nonwoven materials, including flame retardants, thermal/acoustical insulation, filtration and medical products. Vita operates three facilities strategically located throughout the USA and specializes in engineered applications utilizing nonwoven thermal bonding and needlepunch capabilities, as well as die cutting and laminating operations.

Industrial Opportunity Partners, an Evanston, Illinois-based private equity firm with US$460 million of committed capital since inception, is dedicated to creating value through investing in manufacturing and value-added distribution businesses with sales between US$30–350 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.

CapitalSouth Growth Fund, headquartered in Charlotte, North Carolina, is a junior capital provider to lower middle-market companies located throughout the US. The company's investments are typically made to support sponsor or management-led buy-outs, recapitalizations, growth financings and change of control transactions.

Crutchfield Capital is a closely held private investment firm that invests in small to mid-sized companies in the Southeastern United States. The firm seeks to establish partnerships with strong management teams and others interested in building successful companies and rewarding careers for team members.

Oaklins' team in Cleveland served as the exclusive financial advisor to Vita Nonwovens, LLC, a portfolio company of CapitalSouth Growth Fund and Crutchfield Capital, LLC, in its sale to Industrial Opportunity Partners (IOP). Oaklins' team in Germany provided strategic support throughout the transaction.

Tombstone image for Vita Nonwovens, LLC has been acquired by Industrial Opportunity Partners

KEY DEAL CONTACTS

Mark A. Filippell

United States

Managing Director

VIEW PROFILE

Matthew J. Mueller

United States

Director

VIEW PROFILE

Dr. Florian von Alten

Germany

Managing Partner

VIEW PROFILE