Public Press Release
SOUTHLAKE, Texas and NEW LISBON, Wisconsin – July 3, 2007 – Insight Equity I LP (“Insight Equity”) is proud to announce the acquisition of 100% of the assets of Garsite / Progress LLC from 13i Capital and other shareholders by Walker Group Holdings LLC, an Insight Equity portfolio company. The transaction closed on April 23, 2007.
Walker Group Holdings LLC, headquartered in New Lisbon, Wisconsin, is a leading manufacturer of stainless steel and aluminum tank trailers and other truck mounted tanks for the foodgrade, chemical, waste services and aircraft refueling markets. The Walker Group is also a market leader in the manufacture of stationary processing equipment for the food, dairy, beverage and pharmaceutical markets. The Company currently employs 800 people worldwide with manufacturing facilities in New Lisbon, Wisconsin, Arthur, Illinois, Kansas City, Kansas, Elroy, Wisconsin and Huddersfield, United Kingdom.
About Insight Equity
Insight Equity I LP (www.insightequity.com), headquartered in Dallas, TX, is a private equity firm that makes investments in strategically viable, middle market, asset intensive companies with significant cash generation growth potential. The firm leverages a proven collaborative value creation model to facilitate operating enhancements and growth.
Insight Equity is currently seeking attractive investment opportunities in strategically viable companies with $50 million – $1 billion of revenue across industries. Insight Equity offers attractive deal-sourcing fees for any referral which results in an Insight Equity transaction.