M&A Deal Summary

Insight Equity Acquires Atmos

On March 25, 2024, private equity firm Insight Equity acquired environmental company Atmos from Palo Duro Capital

Acquisition Highlights
  • This is Insight Equity’s 1st transaction in the Environmental sector.
  • This is Insight Equity’s 24th transaction in the United States.
  • This is Insight Equity’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2024-03-25
Target Atmos
Sector Environmental
Buyer(s) Insight Equity
Sellers(s) Palo Duro Capital
Deal Type Secondary Buyout

Target

Atmos

Newtown Square, Pennsylvania, United States
Atmos is a full-service environmental solutions company that designs and manufactures customized application equipment along with a full range of environmentally friendly specialty chemical products for solid waste, environmental remediation, and infrastructure end-market applications. Atmos is based in Newtown Square, Pennsylvania.

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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 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm that 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 $150 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 an additional office in New York City.


DEAL STATS #
Overall 26 of 26
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 7 of 7
State: Pennsylvania M&A 2 of 2
Country: United States M&A 24 of 24
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Plasman

Oldcastle, 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 Oldcastle, Ontario.

Sell -

Seller(S) 1

DESCRIPTION

Palo Duro Capital is a private equity firm focused on acquiring and growing lower middle-market companies throughout the US and Canada. The Firm looks to be a hands-on investor, looking to help companies grow through its domain expertise and network of industry relationships. Areas of interest include building materials, specialty chemicals, and industrial manufactured products. Prospective companies are typically profitable ($5 to $25 million of EBITDA) and have revenue of $25 to $150 million. Palo Duro Capital was formed in 2017 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 2
Sector: Environmental M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 2
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-11 Genesis Custom Chemical Blending

Ennis, Texas, United States

Genesis Custom Chemical Blending is a manufacturer of chemicals. The company's offerings include process development, custom blend chemicals, quality control testing, private labeling, last mile delivery and product traceability, enabling oil and gas industry clients to improve their bottom line by reducing their chemical spend. Genesis Custom Chemical Blending is based in Ennis, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-19 Smart Chemical Solutions

Midland, Texas, United States

Smart Chemical Solutions is a chemical services and fluid logistics company primarily focused on the oil & gas industry. Smart Chemical Solutions is involved in bringing talented group of associates together to provide service to customers. Smart Chemical Solutions was founded in 2008 and is based in Midland, Texas.

Sell -