Public Press Release
Insight Equity Announces the Recapitalization of Hirschfeld Steel Group
SOUTHLAKE, TX, and SAN ANGELO, TX – Insight Equity I L.P. (“Insight”), the Dallas, Texas‐area private equity firm, has completed the dividend recapitalization of Hirschfeld Steel Group. La Salle Business Credit acted as sole lead administrative agent for the new debt facility. Insight has completed dividend recapitalizations of three of its portfolio companies in the last 30 days.
About Hirschfeld Steel Group
Hirschfeld Steel Group, founded in 1946, is a premier fabricator of structural steel for bridges, stadiums, mass transit structures, industrial facilities and other commercial projects. Recent major projects have included: Soldier Field, Reliant Stadium, George Bush Turnpike, Williamsburg / Queensboro bridges, Heinz Field and Minute Maid Park. Hirschfeld Holdings LP includes Hirschfeld Steel Group (HSG), Carolina Steel Group LLC (CSG), Hirschfeld Transportation, and Consteel Technical Services, Ltd. (UK Design Subsidiary). This integrated group can supply a full suite of steel design and fabrication services. Hirschfeld maintains seven steel fabrication plants in Alabama, North Carolina, Texas, and Virginia with two additional sales offices in Texas and North Carolina. The firm has over 900 employees.
About Insight Equity
Dallas‐based Insight Equity (www.insightequity.com) makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight specializes in partnering with companies experiencing some level of underperformance. Insight also seeks complex and challenging situations, including corporate divestitures, bankruptcies, restructurings, and private family ownership. The firm leverages a proven collaborative value creation model to facilitate operational enhancements and growth.