SOUTHLAKE, Texas, and NEW LISBON, Wisconsin, January 7, 2011 – Insight Equity I LP ("Insight"), the Southlake, Texas private equity firm, completed a $10 million distribution from Walker Group Holdings LLC on December 22, 2010, that funded a dividend to shareholders. Walker received tremendous support from its existing lending relationships to facilitate this transaction. Capital One Leverage Finance Corp. acted as sole lead administrative agent for the senior portion of the facility. LBC Credit Partners acted as sole lead administrative agent for the second lien portion of the facility. Walker has now issued two substantial dividends to shareholders during the last three years.
About Walker Group Holdings LLC
Walker Group Holdings is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products. The Company's products are utilized in the dairy, food and beverage, pharmaceutical, chemical, petroleum/ethanol, waste-hauling industries, and aviation refueling end markets. The company markets its products under several industry leading brands including Garsite, Progress Tank, Brenner and Bulk Tank. The Walker Group was founded in 1943 and is headquartered in New Lisbon, Wisconsin.
About Insight Equity
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, bankruptcies, restructurings, and private family ownership. The firm leverages a proven, collaborative value creation model to facilitate operating enhancements and growth.