Public Press Release
SOUTHLAKE, Texas, October 28, 2008 – Insight Equity I LP (“Insight”), the Dallas / Ft. Worth metroplex based private equity firm, is proud to announce the acquisition of 100% of the Mexico-based manufacturing assets of Bulk Tank International from Bulk Resources, Inc. by Walker Group Holdings LLC, an Insight Equity portfolio company. Bulk Tank is one of North America’s leading manufacturer of stainless steel tank trailers for the chemical and food grade industries.
Brandon Bethea, Principal of Insight Equity, commented, “We are elated to add Bulk Tank to the Walker family. Bulk is the only truly active player in the United States marketplace with its manufacturing based in Mexico. Consequently, we believe Walker is now uniquely positioned to serve the liquid tank trailer industry. The combined company has reinforced its position as the unquestioned market leader in North American stainless steel tank trailer manufacturing.”
About Walker Group Holdings LLC
Walker Group Holdings LLC is a leading manufacturer of stainless steel and aluminum tank trailers as well as other stationary equipment for the food, chemical, environmental, pharmaceutical and petroleum industries. In addition to its headquarters in New Lisbon, Wisconsin, Walker maintains facilities in Fond du Lac, Wisconsin; Elroy, Wisconsin; Kansas City, Kansas; Mauston, Wisconsin; Houston, Texas; Memphis, Tennessee; Ashland, Kentucky; Arthur, Illinois, Findlay, Ohio, Gonzalez, Louisiana and San Jose Iturbide, Mexico. Walker’s products are sold throughout the United States and Canada, as well as many countries worldwide. Walker has approximately 1,300 employees.
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.