SOUTHLAKE, Texas and ORLANDO, Florida – February 14, 2020 – Insight Equity Holdings LLC (“Insight Equity”), a leading middle-market private equity firm, is pleased to announce the sale of its portfolio company, Micross Components, Inc. (“Micross”), which has been strategically combined with Corfin Industries, LLC, a portfolio company of Behrman Capital.
Headquartered in Orlando, Florida, Micross is a global provider of mission-critical microelectronic components and services for high-reliability applications in the aerospace & defense, space, medical, and industrial markets, among others. Micross provides a wide range of product and service solutions to customers, including die and wafer services, Advanced Interconnect Technology, custom packaging and assembly, component modification services, electrical and environmental testing, and other high-reliability products and services.
“We are very proud of what we have accomplished together with the Micross management team,” commented Victor Vescovo, Co-Founder and Managing Partner of Insight Equity. “Through our collaboration, the Company has significantly broadened and enhanced its portfolio of high-reliability microelectronic component products and services, which resulted in the doubling of Micross’ size as an outcome of its mission to become a one-stop solution for all customers’ high-reliability applications and needs.”
Daniel Davidson, Principal at Insight Equity, added, “We greatly appreciate the significant contribution of the Micross management team and all of the Micross employees in making this a successful investment for Insight Equity. The growth experienced by Micross since our initial investment is a testament to the hard work and dedication of all those involved.”
Richard Kingdon, Chief Executive Officer at Micross, added, “Our long-term relationship with Insight Equity has both generated attractive financial returns and enabled management to build a robust and diversified high-reliability microelectronics business. Insight Equity’s support has been instrumental in strengthening Micross’ partnerships with its customers and contributing to their success in delivering against critical program commitments.”
Insight Equity makes control investments in strategically viable, middle-market manufacturing and distribution businesses across a wide range of industries. Leveraging a proven, collaborative value creation model, Insight Equity facilitates operating enhancements and growth. The firm specializes in partnering with companies in complex or challenging situations, including corporate divestitures, management buyouts, aggressive growth opportunities, going-private transactions, restructurings, and transitions from family ownership. Insight Equity is headquartered near the Dallas / Ft. Worth International Airport in Southlake, Texas. The firm also has an office in New York City.