Allied Industrial Partners, a Houston-based lower-middle market private equity firm, announced the successful final close of its inaugural fund, Allied Industrial Partners I-A and I-B LP (“Fund I”), at its $300 million hard cap, exceeding its initial target of $250 million. The firm achieved this milestone with legal counsel provided by Kirkland & Ellis LLP.
The fund close brings Allied’s total capital raised to over $1 billion since its founding in 2019, marking a significant step in the firm’s mission to scale sustainable, growth-oriented industrial platforms.
“Fund I enables us to accelerate our proven strategy of driving operational improvements to build resilient industrial platforms,” said Bradford Rossi and Philip Wright, co-founders and managing partners of Allied Industrial Partners. “We are thankful for the trust and confidence of our investors and supporters.”
More than 10% of Fund I’s capital was committed by Allied’s senior leadership team, highlighting strong internal alignment. The fund attracted a broad base of institutional investors, including pension funds, insurance companies, and family offices.
Allied anticipates deploying or allocating over 70% of Fund I by the end of 2025, focusing on investments across key industrial subsectors such as environmental services, manufacturing, and infrastructure.
Since 2020, Allied has completed seven platform investments and 30 add-on acquisitions, with portfolio companies including CES Power, Waste Eliminator, and JCL Energy. The firm exited Dovetail Infrastructure Services, a sustainable water infrastructure platform, in October.
“Over the past six years, we’ve built Allied into a hands-on, value-driven partner to our portfolio companies,” added Rossi and Wright. “We’re excited to continue identifying and growing the next generation of industrial leaders.”
Houlihan Lokey served as the placement agent for Fund I.
The Kirkland & Ellis team advising on the fund close included partners Matt Nadworny, Linda Dahl, and Nathan Wolcott.
