Industrial Opportunity Partners (IOP) announced that it will invest in Betty Machine Company Inc. IOP said that the investment will be in partnership with IOP owner and operator John Zobl. Both IOP and Zobl said the funds will be used to help recapitalize Betty Machine. Headquartered in Hendersonville, Tennessee, Betty Machine is a precision machining maker of close tolerance car parts. Through its Tier 1 clients, the company's products are in use by leading automobile makers like Ford, GM, Chryssler, Honda, and Toyota.

Zobl will be actively involved in Betty Machine's growth where he will continue to serve as President and CEO. IOP Operating Principal Nick Galambos will serve as Chairman. Galambos said he looks forward to his new position. "Under John's strong leadership for the past 13 years, Betty Machine has been keenly focused on customer needs. We believe this focus on quality and customer service has helped the company to grow with both new and existing customers," he said.