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M&A Deal Summary

Insight Equity Acquires Midstate Berkshire

On January 24, 2014, private equity firm Insight Equity acquired aerospace company Midstate Berkshire from Precision Partners

Acquisition Highlights
  • This is Insight Equity’s 2nd transaction in the Aerospace sector.
  • This is Insight Equity’s 15th transaction in the United States.
  • This is Insight Equity’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2014-01-24
Target Midstate Berkshire
Sector Aerospace
Buyer(s) Insight Equity
Sellers(s) Precision Partners
Deal Type Divestiture

Target

Midstate Berkshire

Westfield, Massachusetts, United States
Midstate Berkshire is in precision contract machining, fabrication and assembly services for the aerospace, defense, power generation and oil & gas industries. Headquartered in Westfield, MA, Midstate Berkshire features over 200,000 square feet of manufacturing space with the capacity to produce both large and small scale components.

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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 17 of 26
Sector: Aerospace M&A 2 of 2
Type: Divestiture M&A Deals 2 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 15 of 24
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-23 Precision Holdings

Winslow, Maine, United States

Precision Holdings engages in precision contract machining, fabrication, assembly, and 3D metal printing services for the aerospace, defense, power generation, and oil & gas industries. Precision Holdings was founded in 2014 and is based in Winslow, Maine.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-09 Atwood Mobile Products

Elkhart, Indiana, United States

Atwood Mobile Products, is a provider of gas appliances, windows, doors, electronics and hardware to the Recreational Vehicle (RV) industry.

Sell -

Seller(S) 1

SELLER

Precision Partners

Skokie, Illinois, United States
Category Company
Founded 1999
Sector Machinery
Employees900
DESCRIPTION

Precision Partners was formed by Carlisle Enterprises to lead a consolidation acquisition program targeting the metal and specialty metal alloy precision parts machining and fabricating industry.

DEAL STATS #
Overall 2 of 2
Sector: Aerospace M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Massachusetts M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-26 Worldwide Precision Products

United States

Worldwide Precision is primarily engaged in the machining of castings for complex components such as turbine blade ring sections, crankcase housings, wing hubs and rotors, heavy duty truck axle adjusters, rotor and bearing housings and high speed and planetary gear box housings.

Sell -
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