Public Press Release
SOUTHLAKE, Texas, and ELKHART, Indiana, December 21, 2010 – Insight Equity Holdings LLC (“Insight Equity”), the Dallas, Texas-area private equity firm, is pleased to announce that one of its portfolio companies, Atwood Mobile Products LLC (“Atwood”), has acquired the Fan-Tastic Vent Company (“Fan-Tastic Vent”). Fan-Tastic Vent is a market leader in 12-volt powered vents, selling primarily to the recreational vehicle (“RV”) market. Fan-Tastic Vent pioneered the product sector over 25 years ago and continues to set the standard with high-quality, reliable and user-friendly products.
“Fan-Tastic Vent is an exceptionally well regarded vent manufacturer that we believe will be a great complement to Atwood’s current product portfolio,” said Atwood President, Tim Stephens. “Their strong market share position built upon a reputation for quality and customer service makes them an excellent addition to the Atwood family.”
With this acquisition, Atwood will further strengthen its breadth of product offerings to RV OEMs as well as to the aftermarket. Atwood is currently a leading supplier of gas appliances and engineered components for RVs and manufactured homes. Key product lines include ranges, water heaters, furnaces, chassis hardware, entry doors, windows, bent and tempered glass, LP and CO alarms, seating hardware, LP tanks and roof ladders.
Eliot Kerlin, a Principal at Insight Equity, commented, “The acquisition of Fan-Tastic Vent illustrates the on-going and active commitment of Insight Equity and Atwood to the RV industry. We are very pleased to continue serving the needs of RV manufacturers and users through technological innovation, product development and strategic acquisitions.”
About Atwood Mobile Products LLC
Headquartered in Elkhart, Indiana, Atwood Mobile Products (www.askforatwood.com) is a leading designer and manufacturer of a broad range of appliance, chassis hardware, glass, door, window, aluminum, and electronic products for recreation vehicles (RVs), specialty vehicles, utility vehicles, manufactured housing and associated niche markets.
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.