SOUTHLAKE, Texas and CANTON, Michigan – January 4, 2017 – Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce the sale of its portfolio company, Material Sciences Corporation (“MSC”), through a successful management buyout by the MSC team.
Headquartered near Detroit, Michigan, Material Sciences is a leading technology provider of metal solutions for acoustical, light-weighting, and coil coated applications. The U.S. based company provides solutions to customers in a wide array of vertical markets, including automotive, consumer goods and construction, across 12 countries.
“We are very proud of what we have accomplished together with the MSC management team,” commented Ted Beneski, CEO and Managing Partner of Insight Equity. “Through our collaboration, the Company has improved its manufacturing yield and completed four strategic acquisitions which has helped to expand its product offering, capabilities, and geographic reach.”
Pat Murley, CEO of MSC, added “We have enjoyed four successful years with the support of Insight Equity and are looking forward to building on that success as we continue to focus on providing exceptional technology, expertise, and service to our increasingly sophisticated customers.”
Jack Waterstreet, Partner at Insight Equity, said “The partnership between Insight Equity and MSC not only helped the Company achieve significant growth and scale, but it is also an example of Insight Equity’s commitment to supporting our portfolio management teams with more than just capital by working alongside management team members for key operational and strategic objectives.”
Material Sciences Corporation (“MSC”) is a specialty coater and laminator of steel and aluminum products for niche automotive and industrial applications. MSC has been producing high quality painted and laminated products for over 60 years and is known for its innovations in light-weight, acoustical, and coated coil products.
Headquartered near Detroit in Canton, Michigan, Material Sciences operates several state-of-the-art processing facilities across the Midwest.
Insight Equity makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight Equity specializes in partnering with companies in complex and challenging situations, including corporate divestitures, aggressive growth opportunities, restructurings, and transitions from private family ownership. The firm leverages a proven, collaborative value creation model to facilitate operating enhancements and growth.
Insight Equity’s headquarters is located near the Dallas / Fort Worth International Airport in Southlake, Texas. The firm also has an office in New York City.