Industrial Opportunity Partners, a private equity firm, completed the acquisition of Applegate and Greenfiber, two manufacturers, marketers and distributors of cellulose insulation. Financial terms were not disclosed. “This combination represents an exciting opportunity for IOP and all stakeholders. We believe there are significant synergies to unlock as the companies begin to work together to better serve their customers. In addition, IOP is pleased to be investing in an opportunity that we believe advances environmentally friendly products in the industrials sector,” Kyle Hood, IOP Managing Director.