SOUTHLAKE, Texas, and FOND DU LAC, Wisconsin, June 19, 2007 – Insight Equity I L.P. (“Insight Equity”), the Dallas, Texas-area private equity firm, is proud to announce the acquisition of 100% of the membership interests of Brenner Tank LLC from Peterson Industries and other shareholders by Walker Group Holdings LLC, an Insight Equity portfolio company. Brenner Tank is one of North America’s leading manufactures of stainless steel and aluminum tank trailers for the transportation of food, chemical, environmental and petroleum products.
Brandon Bethea, Vice President of Insight Equity, commented, “We are very pleased to add Brenner Tank to the Walker family. We are looking forward to working closely with Brenner Tank’s exceptionally talented management team and workforce. Brenner’s unparalleled reputation for quality in the stainless steel chemical and aluminum petroleum tank manufacturing industry is a perfect complement to Walker’s existing strength in foodgrade tank trailer manufacturing. The combined company is now the unquestioned market leader in North American stainless steel tank trailer manufacturing.”