Public Press Release
SOUTHLAKE, Texas, and KOSSE, Texas, October 23, 2008 – Insight Equity I LP (“Insight”), the Dallas / Ft. Worth metroplex based private equity firm, is proud to announce its acquisition of a majority equity interest in Texas Sports Sands, Inc. (“TSS”) from Keith Blair, Donnia Blair, Kyle Caylor and other shareholders through Superior Silica Sands LLC (“SSS” or “Company”), an Insight Equity portfolio company.
Brandon Bethea, Principal of Insight Equity, commented, “We are very pleased to partner with Keith and Donnia Blair and Kyle Caylor in the Superior Silica Sands investment. SSS is poised to capture additional market share in the domestic natural gas and oil drilling proppant market through a combination of capacity expansion and new product introduction. We believe the pairing of the Company’s deep industry experience with Insight’s operational and financial backing will allow the Company to seize on the many opportunities in front of it.”
Texas Sports Sands, Inc. was advised by Energy Capital Solutions.
About Superior Silica Sands
Superior Silica Sands is a leading provider of 100 Mesh Frac sand to the natural gas drilling industry, primarily wells drilled in the Barnett Shale. Superior Silica Sands also produces high-purity white silica sand used for golf course bunkers, greens construction, top dressing and sports field construction. SSS is located in Kosse, Texas.
About Insight Equity
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 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. Insight offers attractive deal-sourcing fees for any referral which results in a completed transaction.