M&A Deal Summary

Insight Equity Acquires Plasman

On December 29, 2011, private equity firm Insight Equity acquired automotive company Plasman

Acquisition Highlights
  • This is Insight Equity’s 2nd transaction in the Automotive sector.
  • This is Insight Equity’s 2nd transaction in Canada.
  • This is Insight Equity’s 2nd transaction in Ontario.
Investment Fate
  • Plasman was sold to a consortium of financial buyers in 2021.

M&A Deal Summary
Date 2011-12-29
Target Plasman
Sector Automotive
Buyer(s) Insight Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Plasman

Windsor, Ontario, Canada
Plasman is a designer and manufacturer of Class A exterior trim products and sub-systems to a variety of OEM and Tier 1 customers. Plasman offers fully integrated design, engineering, tooling, molding, finishing (painting and chroming), and assembly capabilities. Plasman was founded in 1978 and is based in Windsor, Ontario.

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Buyer(S) 1

Buyer

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor

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 12 of 26
Sector (Automotive) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 14
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2011) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-29 Invotronics

Scarborough, Ontario, Canada

Invotronics is a developer and manufacturer of advanced electronics and electromechanical systems to OEM clients in the automotive and high reliability industries. The company services world class Tier 1 and OEM customers by providing superior quality, advanced manufacturing processes and innovative proprietary products and technologies. Invotronics was founded in 1989 and is headquartered in Toronto, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 Flanders

Washington, North Carolina, United States

Flanders Corporation, together with its subsidiaries, engages in the design, manufacture, and sale of air filters and related products.

Buy $192M
Mergr

Product

Company

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