M&A Deal Summary

Insight Equity Acquires Flanders

On March 19, 2012, private equity firm Insight Equity acquired manufacturer Flanders for 192M USD

Acquisition Highlights
  • This is Insight Equity’s 3rd transaction in the Manufacturing sector.
  • This is Insight Equity’s largest (disclosed) transaction.
  • This is Insight Equity’s 11th transaction in the United States.
  • This is Insight Equity’s 1st transaction in North Carolina.
Investment Fate
  • Flanders was sold to a publicly-traded strategic buyer in 2016 for 430M USD.

M&A Deal Summary
Date 2012-03-19
Target Flanders
Sector Manufacturing
Buyer(s) Insight Equity
Deal Type Going Private
Deal Value 192M USD
Advisor(s) Oppenheimer & Co. (Financial)
McGuireWoods (Legal)

Target

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.

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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 13 of 26
Sector (Manufacturing) 3 of 5
Type (Going Private) 1 of 1
State (North Carolina) 1 of 1
Country (United States) 11 of 24
Year (2012) 1 of 3
Size (of disclosed) 1 of 2
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
2012-05-08 The Walker Group

New Lisbon, Wisconsin, United States

The Walker Group is the preeminent North American designer and manufacturer of high-quality, customer-engineered stainless steel and aluminum liquid transportation systems and stationary engineered products.

Sell $360M
Mergr

Product

Company

Legal