Industrial Opportunity Partners backs recapitalization of Little Giant Ladder

Industrial Opportunity Partners LLC recapitalized Wing Enterprises Inc., doing business as Little Giant Ladder Systems LLC, in partnership with the company's management and owners.

Springville, Utah-based Little Giant designs and makes ladder systems for retailers and distributors in the U.S. and globally.

Industrial Opportunity Operating Principal Alberto Satine became co-chairman of Little Giant, alongside Art Wing. Little Giant CEO Ryan Moss and Wing will keep significant ownership interests in the business and remain in their existing management roles.

The private equity firm made the investment through its Industrial Opportunity Partners III LP, marking its seventh platform investment.

Wells Fargo Advisers represented Little Giant shareholders in the deal. PNC Business Credit provided acquisition financing.

Winston & Strawn LLP provided legal representation to Industrial Opportunity.