M&A Deal Summary

Insight Equity and Dos Rios Partners Acquire VirTex

On October 13, 2017, private equity firms Insight Equity and Dos Rios Partners acquired semiconductors company VirTex

Acquisition Highlights
  • This is Insight Equity’s 1st and Dos Rios Partners’ 1st transaction in the Semiconductors sector.
  • This is Insight Equity’s 19th and Dos Rios Partners’ 14th transaction in the United States.
  • This is Insight Equity’s 5th and Dos Rios Partners’ 10th transaction in Texas.

M&A Deal Summary

Date 2017-10-13
Target VirTex
Sector Semiconductors
Buyer(s) Insight Equity
Dos Rios Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

VirTex

Austin, Texas, United States
website
VirTex manufactures printed circuit board assemblies and other critical electronic systems for small and medium-sized customer programs across a wide range of industries, including industrial, aerospace and defense, automotive, and medical. VirTex is based in Austin, Texas.

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Buyer(S) 2

Buyer

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2000
PE ASSETS 800M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $100 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has additional in New York City.


DEAL STATS #
Overall 21 of 25
Sector (Semiconductors) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (Texas) 5 of 7
Country (United States) 19 of 23
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-24 Riverbend Foods

Pittsburgh, Pennsylvania, United States

Riverbend Foods LLCis a manufacturer of soups, broths, gravies, and infant feeding products sold in cans, jars and TetraRecart cartons. Riverbend Foods is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-08 Hirschfeld Industries

San Angelo, Texas, United States

Hirschfeld Industries is a fully integrated fabricator of highly engineered structural steel components. The company serves a wide range of end markets including transportation infrastructure, industrial development, commercial construction, and power generation. With ten facilities providing a national presence, Hirschfeld is a major participant in the expansion and redevelopment of the U.S. transportation and energy infrastructure systems, both publicly and privately funded.

Sell -
DESCRIPTION

Dos Rios Partners is a private equity firm focused on investing in and acquiring small, profitable, established companies with $3 to $12 million of EBITDA. Dos Rios does not have any sector preferences, although the firm has a preference for businesses operating in basic industries. The Firm's geographic coverage is exas, New Mexico, Arkansas, Colorado, Louisiana, and Oklahoma, although Dos Rios will consider add-ons throughout the US. Dos Rios Partners was formed in 2012 and is based in Austin, Texas.


DEAL STATS #
Overall 14 of 16
Sector (Semiconductors) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Texas) 10 of 11
Country (United States) 14 of 16
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 Flexxray

Arlington, Texas, United States

FlexXray is a provider of x-ray inspection services focused exclusively on food safety. The company assists food manufacturers with regulatory compliance and food safety issues by identifying and removing foreign contaminants from food. Hundreds of manufacturing plants in North America rely on FlexXray’s expertise and customer service to salvage valuable products when contamination events occur in the normal course of the food manufacturing process. FlexXray was founded in 2001 and is headquartered in Arlington, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-10 Statinmed Research

Dallas, Texas, United States

Statinmed Research is an operator of health care consultant company in the health economics and outcomes research (HEOR) discipline that provides research, consulting and targeted communications to global pharmaceutical, biotechnology, and health information companies. Statinmed Research was founded in 2007 and is based in Dallas, Texas.

Buy -