Industrial Opportunity Partners Acquires Aarrowcast Inc.

Industrial Opportunity Partners, a private equity firm based in Evanston, Ill., has acquired Aarrowcast Inc.

Industrial Opportunity Partners, a private equity firm based in Evanston, Ill., has acquired Aarrowcast Inc.

Aarrowcast is a provider of gray, ductile and austempered ductile iron castings that specializes in large, complex castings using sophisticated metallurgy. Aarrowcast features three separate molding lines.

The company’s senior management team, led by Ben Grigg, president and CEO, will continue to manage and grow the business. In addition, Andrew Weller, an IOP operating principal, will assume the newly created position of chairman.

Mr. Grigg says, “We are thrilled to be partnering with Industrial Opportunity Partners, whose operational experience and strategic support will enhance Aarrowcast’s continuous effort to deliver high-quality products and extraordinary service levels to our customers.”