about insight equity & overview 2 investment criteria & target … · 2020-01-03 · about...

Investments

Active & Prior Portfolio Companies 6-11

Insight Equity Team

Biographies 12-18

Overview Page

About Insight Equity & Overview 2

Investment Criteria & Target Sectors 3

Insight Equity Strategy 4

Insight Equity & Portfolio Company Management 5

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About Insight Equity

Insight Equity is a private equity firm that seeks to make control investments in strategicallyviable, middle market, asset-intensive companies across a wide range of industries. Insight Equity’sexperienced principals have acquired and managed businesses with over $4 billion in aggregaterevenue since 2000. We specialize in partnering with companies in complex or challenging situationsincluding corporate divestitures, bankruptcies, restructurings, and family owned liquidity events.Insight Equity has the ability to execute quickly in circumstances where speed is a priority. InsightEquity’s principals have broad industry experience and look for new opportunities in most economicsectors, but excluding restaurants, retail and real estate.

The firm leverages a proven collaborative value creation model in an effort to facilitateoperational improvements leading to significant cash generation and growth. Insight Equity’sapproach is to partner with management teams to drive transformational improvements in thebusiness. Insight Equity supports its portfolio management teams with more than just capital, takingresponsibility along with management team members to achieve key operational and strategicobjectives.

Insight Equity’s investors are comprised of endowments, trusts, insurance companies andstate pension funds. Further, the individuals at Insight Equity are collectively one of the largestinvestors in the funds.

Insight Equity’s headquarters is conveniently located near the Dallas/Ft. WorthInternational Airport in Southlake, Texas. The firm also has an office in New York City.

Overview

Experienced principals have acquired and managed businesses with over $4B in aggregaterevenue since 2000

Collaborative approach with owners and management teams to drive value and jointly solve operational problems

With ~$1.4 billion of capital under management, Insight Equity has a successful history ofmaking control equity investments in strategically viable, asset-intensive companies across awide variety of industries

History investing in complex and challenging situations

Ability to bring multiple components of the capitalstructure through Insight Equity’s complementaryequity and debt funds

Capability to execute quickly in situations where speed is a priority

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North American headquartered businesses with $50M - $1B in revenue

Companies with strategic viability and sustainable competitiveness

Companies that are experiencing challenging growth plans or some degree of underperformance

Invest $25M - $100M of equity per opportunity

History investing in complex and special situations where speed is a priority

Target Sectors

Note: Insight Equity does not invest in real estate, retail, restaurants, or oil and gas exploration businesses

Target Investment Criteria

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Material Sciences: Metal Processing

Dustex: Industrial Air Pollution Control

Manufacturing

Automotive and Transportation

Distribution

Energy Services

Aerospace and Defense

Industrial and Consumer Goods

Service and Professional Industries

− Opportunities include companies with operational challenges, lagging profitabilitymargins, volatile cash flows, liquidity challenges, overleveraged balance sheets andthose undergoing a strategic transformation or pursuing challenging growth plans

− Experienced with unique situations including corporate carve-outs, public-to-privatetransactions, recapitalizations, family-generational transfers, restructurings, asset sales,bankruptcies, or capitalizing on transformational industry change

− Restructure, re-energize and/or grow businesses to provide exceptional returns for ourinvestors

− Create value through operational improvements rather than excessive financial leverage

− Apply Fortune 100-tested strategies and tactics to revitalize and enhance performance

− Longer term investors with 6-8+ year investment horizon

− Insight Equity seeks to bring more than capital to bear to an opportunity. We strive toadd value by collaborating with management teams on key operational and strategicinitiatives.

− Insight Equity supports management teams by augmenting their industry knowledgeand expertise with proven value-creation tools and techniques designed to drive long-term value.

− Collectively, the individuals at Insight Equity are among the largest investors in ourfunds. This is critical, as it helps ensure that our commitment to investments will neverwaver.

− Insight Equity generally does not take management or board fees from portfoliocompanies. Our portfolio company upside is predominately generated through equityappreciation, leaving cash within the business to be productively redeployed.

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Insight Equity Strategy

Focus on asset-intensive, middle market companies underperforming or striving to achieve their full potential

Long term investment horizon with the goal of creating strong cash returns to investors through full potential value creation

Manage implementation intensely and collaborate with company management teams

Invest our own capital alongside investors' to closely align interests

PhilosophyInsight Equity’s approach to working with management teams is based on

collaboration and support. We believe that the most effective relationship is one where InsightEquity can combine its capital, financial expertise, and operational tools with incumbentmanagement groups’ industry expertise, customer relationships, and product knowledge. Oneof our first questions will always be: “What can we do to help you eventually achieve best-in-class performance in your industry?”

With this objective in mind, Insight Equity strongly believes in establishing significantfinancial incentives for management teams so that all stakeholders have a common interest inproducing strong returns to the equity owners and building an exceptional business successstory.

Working Together

Here at Insight Equity, we are deeply involved and committed to every transaction. Westrive to focus on fewer transactions than most private equity firms with the goal of supportingour portfolio companies with more resources to ensure success. We do this because InsightEquity is not just a firm that invests other institution’s capital, but also invests its own – theInsight Equity team is one of the largest investors in our funds.

Insight Equity’s members assume a high level of hands-on responsibility for helping toimplement operating improvements and strategic investments at each company, collaboratingclosely with management team members on key initiatives. We do this to ensure rapidexecution as well as guarantee that key resources are made available with a minimum ofbureaucratic delay. We encourage our management teams to focus on both short and long-terminvestment ideas to improve company performance as well as its strategic position in itsindustry.

Insight Equity believes so strongly in its collaborative approach and currentrelationships with management teams, that we welcome you to freely contact our companyexecutives. We believe that sincere cooperation, support, and respect between Insight Equityand management teams are essential to deliver extraordinary performance and returns for allconstituencies.

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Insight Equity & Portfolio Company Management

Current Portfolio Companies

Insight Equity Investments (As of August 2016)

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Dustex Holdings LLC (“Dustex”) designs, engineers, and manufactures innovative multi-pollutant air pollution control (APC) equipment and systems for the power generation,cement, steel, mining, petrochemical, and glass industries. Operating as a fully functionaldesign, fabrication, and installation corporation, Dustex uses efficient and cost effectiveapplications through its significant technical archives regarding air filtration, gas cooling,and scrubbing systems. The company was founded in 1947 and is based in Kennesaw, GA.

Date of Investment: October 2014

Sparstane Technologies (“Sparstane”) partners with coal firedutilities to convert waste streams to beneficial use products.The Sparstane patented technology produces nitrogenfertilizers used in agriculture and high quality recycled calciumcarbonates that are widely used in consumer products andbuilding materials. Sparstane is based in Birmingham, AL.

Add-On: November 2014

Lundberg specializes in the design and supply of customsolutions including engineering, systems, and equipment forthe process industries. Its portfolio includes a range oftechnologies and solutions designed to help clients manageemissions; improve energy efficiency; and/or increase revenuethrough the recovery of valuable chemical processing systembyproducts.

Add-On: March 2016

Panolam Surface Systems is a leading designer and manufacturer of highly engineered,integrated surface solutions including high-pressure laminates, thermally-fused laminates,fiberglass reinforced laminates, and other specialty products available in hundreds of colorsand styles under the well-known Panolam, Nevamar, Pionite, Pluswood, Conolite, andother brand names. The company offers high quality, innovative surfacing solutions for awide range of commercial, industrial, and residential applications. Panolam is based out ofShelton, CT and employs approximately 1,000 people across North America.

Date of Investment: June 2016

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Insight Equity Investments

Micross Components is a leading global provider of specialty electronic components formilitary, space, medical, and demanding industrial applications. Operating as a singlesource for high-reliability and state-of-the-art electronics, Micross’ solutions range frombare die and wafer processing to advanced and custom packaging to componentmodifications and related interconnect offerings. Micross is headquartered in Orlando, FLand has additional U.S. and UK locations.

Premier Semiconductor Services is a certified full-servicesemiconductor testing facility that also provides one of themost comprehensive arrays of outsourced final manufacturingservices in N. America for commercial, military, and aerospaceapplications. Premier is headquartered in Tempe, AZ.

Silicon Turnkey Solutions (“STS”) is an industry recognizedsemiconductor contractor that integrates design, engineering,manufacturing, and qualification processes with operationalexpertise to provide leading edge technology and services tocustomers in the consumer, defense, aerospace, and greenmarkets. STS was founded in 1999 and is based in Milpitas, CA.

Date of Investment: December 2012


Add-On: August 2013

Precision Holdings is a leader in precision contract machining, fabrication, assembly, and3D metal printing services for the aerospace, defense, power generation, and oil & gasindustries. Headquartered in Windsor, Connecticut, Precision Holdings features over300,000 square feet of manufacturing space with the capacity to produce a full range ofcomponents from large industrial gas turbines to small, highly complex additivemanufactured parts. The company operations include more than 100 state-of-the-art,multi-axis CNC machines; 3D printers; and CMMs handling volumes ranging fromprototyping to full-scale production.

Date of Investment: January 2014


McSwain Manufacturing Corporation specializes in tighttolerance, large turning and milling operations primarilysupporting the IGT market. The company operates out of twofacilities in Cincinnati, OH.

Add-On: October 2014

CalRAM Inc. specializes in additive manufacturing (3Dprinting) of metallic components for the Aerospace & Defenseand Oil & Gas industries. The company operates out of asingle site facility in Camarillo, CA.


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Add-On: April 2015

Add-On: December 2014

A-Brite Plating Company is a leading custom chrome platingcompany focused on plastic parts for automotive, appliance,plumbing, and other applications. The company was foundedin 1946 and is headquartered in Cleveland, OH.

Thermotech, Inc. designs, engineers, and manufacturesinjection-molded electrical and mechanical components for theautomotive, small engine, electronics, and other industrial endmarkets. Thermotech is headquartered in Hopkins, MN andoperates four injection molding plants in the U.S. and Mexico.

Plastal Industri is a leading Tier 1 supplier of engineeredthermoplastic bumper modules, painted and unpainted exteriortrim, and plastic parts serving both the passenger car and heavycommercial vehicle markets. The company manufactures awide range of innovative injection molded and surface treatedexterior plastics including complex bumper systems, spoilers,and sill covers. Plastal was founded in 1961 in Sweden andoperates out of four state-of-the-art production facilities inSweden, Norway, and Belgium.

Add-On: May 2016

The Plasman Group is a designer and manufacturer of Class A exterior trim products andsub-systems to a variety of OEM and Tier 1 customers. The company offers fully-integrated design, engineering, tooling, molding, finishing (painting and chroming), andassembly capabilities and has approximately 3,600 employees across its network of 16facilities across North America and Europe. The company was founded in 1978 and isheadquartered in Windsor, Ontario.

Material Sciences Corporation (formerly New Star Metals) is a specialty coater andlaminator of steel and aluminum products for niche automotive and industrialapplications. Headquartered in the Detroit area, Material Sciences has production facilitiesin Indiana, Illinois, and Ohio.

Insight Equity acquired New Star Metals on August 2, 2012. Since then, the Company hasacquired World Class Corrugating on January, 1, 2013; Canfield Coating Company on June28, 2013; Material Sciences Corporation on March 20, 2014; and Metal Koting onDecember 30, 2015. As of November 1, 2015 all of the facilities operate under theMaterial Sciences brand.

Date of Investment: August 2012


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Versatile Processing Group (“VPG”) is an industrial processor of non-ferrous and othermetals servicing the manufacturing, electric utility, and metal recycling industries. Thecompany also provides the industry’s most comprehensive repair, refurbishment, anddecommissioning services for electrical utility equipment. VPG is headquartered inIndianapolis, IN serving customers from its facilities in AZ, FL, IL, MS, and TX.

Garrett & Son, Inc. (“GSI”) provides repair, refurbishment,and decommissioning of electric transformers, regulators,reclosers, and other electric equipment. The company operatesout of Madison, MS and primarily serves the Southeastern andSouthwestern U.S.

Add-On: June 2014

Date of Investment: October 2011

4-Way Electric, Inc. (“4-Way”) provides repair, refurbishment,and decommissioning of electric transformers, regulators,reclosers, and other electric equipment. The company operatesout of Greenwood, MS and primarily serves the Southeasternand Southwestern U.S.

Add-On: June 2014

Transformer Gaskets & Components (“TG&C”) is adistributor of aftermarket repair and refurbishment parts toutility transformers. The company was founded in 2002 and isbased in Pelahatchie, MS.

Add-On: December 2013

Environmental Management Systems (“EMS”) is a leadingtransformer and electrical equipment recycling companyserving the needs of various utilities across the WesternU.S. EMS operates out of a single location in Phoenix, AZ.

Add-On: July 2013

Zelenka Farms is a wholesale grower of perennial and woody ornamental plants. Zelenkaserves both big box retail stores and independent nurseries from growing facilities inOklahoma, Florida, Michigan, North Carolina, Tennessee, and Oregon. The company isheadquartered in Irving, TX.


Management Systems, Inc.Environmental

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Hirschfeld Industries is a fully integrated fabricator of highly engineered structural steelcomponents. The company serves a wide range of end markets including transportationinfrastructure, industrial development, commercial construction and power generation.With eleven facilities providing a national presence, Hirschfeld Industries is a majorparticipant in the expansion and redevelopment of the U.S. transportation and energyinfrastructure systems, both government-funded and private enterprises. HirschfeldIndustries was founded in 1946 and is headquartered in San Angelo, TX.

Date of Investment: April 2006

Emerge Energy Services (“EMES”) is a diversified energy services company that operatesin two key segments of the energy industry: Sand Production and Fuel Processing andDistribution. Through its subsidiaries, Emerge Energy Services provides critical productsand services to both the upstream and midstream energy segments. The company’s sandoperations are primarily located in New Auburn, WI and Barron County, WI, with anadditional facility in Kosse, TX and headquarters in Fort Worth, TX. The fuel processingand distribution operations are located in Birmingham, AL and Euless, TX. Through directaccess to multiple rail lines and pipelines, EMES is uniquely positioned to servicecustomers across North America.

The following subsidiaries operate under EMES:

Date of IPO: May 2013

American Civil Constructors (“ACC”), formerly Meadow Valley Resources/ACC, is aheavy civil, highway, and landscape construction company. ACC specializes in in roadrehabilitation and paving services, structural bridge construction and repair, reservoir andculvert construction, sports field and golf course construction, as well as commerciallandscape construction. ACC was founded in 1975 and has locations in AZ, CO, CA, NV,UT, ND, and AL.

Saiia Construction (“Saiia”) is an industrial site maintenanceand civil construction company. Saiia was founded in 1946 andis headquartered in Birmingham, AL.

Add-On: October 2010

Date of Investment: February 2009

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Insight Equity Prior Investments (As of August 2016)

AvTurf LLC is a supplier and installer of synthetic turf systems for use in aviationapplications. The company has completed installations at many of the world’s airportsincluding Madrid Barajas International (MAD), Detroit Metro Wayne County International(DTW), John F. Kennedy International (JFK), Baltimore-Washington Thurgood MarshallInternational (BWI) and Boston Logan International (BOS).

Sold: June 2015

Vision-Ease Lens, founded in 1930, is a supplier of optical lenses both in North Americaand other parts of the world. The company manufactures many different styles of lenses inpolycarbonate, plastic and glass materials. Vision-Ease is headquartered in Ramsey, MN.

Sold: September 2014

Atwood Mobile Products, founded in 1909, is a supplier of gas appliances, windows,doors, electronics and hardware to the Recreational Vehicle (“RV”) industry. AtwoodMobile Products is headquartered in Elkhart, IN. With manufacturing facilities across theUnited States, Atwood serves numerous mobile home providers and strives to maintain along standing reputation for the highest quality products, innovation in design andexcellent service and delivery.

Sold: October 2014

The Walker Group is a leading North American designer and manufacturer of high-quality,customer-engineered stainless steel and aluminum liquid transportation systems andstationary engineered products. The company's products are utilized in the dairy, food andbeverage, pharmaceutical, chemical, petroleum/ethanol, waste-hauling industries, andaviation refueling end markets. The Walker Group is headquartered in New Lisbon, WI.

Sold: May 2012

Flanders Corporation engages in the design, manufacture, and sale of air filters and relatedproducts. The company offers residential heating and air conditioning filters under theFlanders Precisionaire brand; residential air cleaners; and industrial specialty filters. Thecompany was founded in 1950 and is headquartered in Washington, NC.

Sold: April 2016

Exited Portfolio Companies

Ted BeneskiChief Executive Officer & Managing Partner

Ted Beneski is the CEO and Managing Partner of Insight Equity Holdings LLC. Insight Equity currently manages two buyoutequity funds and a mezzanine debt fund. Insight’s total capital under management is approximately ~$1.4 billion. Its institutionalinvestors consist primarily of academic endowments, foundations, state investment funds and pooled funds.

Ted currently serves as the Chairman of the Board of the general partner of Emerge Energy Services LP, Vision Partners,Hirschfeld Industries, Atwood Holdings, Zelenka Farms, Versatile Processing Group Holdings, Plasman Group, Flanders,Material Sciences, and Panolam. Ted also serves as Vice Chairman of the Board of American Civil Constructors, MicrossComponents, MB Precision Holdings, and Dustex Holdings.

Prior to founding Insight Equity, Ted was a founding principal and Senior Vice President of the Carlyle Management Group(CMG), a private equity group which yielded annual investment returns of over 60% during his tenure there. This group was theCarlyle Group’s special situations and turnarounds entity which also managed its own dedicated fund.

Before CMG, Ted was the co-founder and Managing Director of Bain & Company’s Dallas office. Bain is a global leader instrategy-based management consulting services. As a Senior Partner at Bain for nearly ten years, Ted advised Fortune 100 clientsacross a wide range of industries in the areas of portfolio and business unit strategy, mergers and acquisitions, operationalimprovement, organizational and process redesign, new product introduction and growth strategy.

Prior to Bain, Ted worked for five years as a commercial banker with Bankers Trust in New York and Shawmut Corporation inBoston. Ted currently sits on the Board of Trustees of Amherst College (MA) and Trinity University (TX). Ted received hisMBA from Harvard Business School and a BA from Amherst College, majoring in economics.

Victor is COO and Managing Partner. He has overall responsibility for the firm’s origination of new transactions and arrangingfinancing, but also maintains deep involvement in the operations of selected portfolio companies. Victor is also Head of InsightEquity’s New York office.

Before co-founding Insight Equity, Victor was Vice President of Product Development at Military Advantage, a venture-backedcompany sold to Monster Worldwide in 2004. Prior to that, he was a senior manager at Bain & Company where he focused onmerger integration and operational improvement cases.

In the early nineties, Victor worked in the mergers & acquisitions department of Lehman Brothers where he was responsible forcompany due diligence and transaction execution, as well as working overseas in the Middle East advising the Saudi governmenton business investments.

Victor received his MBA from the Harvard Business School where he was named a Baker Scholar for graduating in the top 5% ofhis class. He has also received a Master’s Degree from the Massachusetts Institute of Technology and earned a double major BAin economics and political science from Stanford University.

Victor currently serves as the Chairman of the Board of American Civil Constructors, Micross Components, MB PrecisionHoldings, and Dustex Holdings. He also serves on the Board of the general partner of Emerge Energy Services LP, VisionPartners, Hirschfeld Industries, Atwood Holdings, Zelenka Farms, Versatile Processing Group Holdings, Plasman Group,Flanders, Material Sciences, and Panolam.

Additionally, Victor served 20 years in the US Navy Reserve, recently retiring as a Commander (O-5), with a specialization inoperational targeting. He participated at the staff level in combat operations for the Middle East and Balkan theaters, and servedfor more than a year after 9/11 supporting counter-terrorism efforts overseas. Victor is also an accomplished mountaineer,having scaled the highest peak on all seven of the world’s continents including Mt. Everest.

Victor L. VescovoChief Operating Officer & Managing Partner

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Insight Equity Investment Team

Warren BonhamPartner

Warren leads the operational efforts at Insight Equity to enhance portfolio company performance. Warren works closely withcompany management teams and Insight Equity personnel in an effort to reduce costs, accelerate revenue growth and developvalue maximizing long-term strategies across the portfolio.

Warren will continue to dedicate some of his time as President and CEO of Direct Fuels, an Insight Equity portfolio company hehas led since 2006. Direct Fuels is a specialty refiner and fuel distribution company based in Euless, Texas and is the first companypurchased by Insight Equity. Prior to joining Direct Fuels, Warren served as the Chief Financial Officer of Electrolux LLC, aprivate equity owned direct seller of floor care equipment and GES Exposition Services, the largest subsidiary of ViadCorporation, a publicly traded exhibition and event services company.

In the nineties, Warren worked as a Senior Manager at Bain & Company. While at Bain, he worked on operational improvementcases in many different industries on three different continents. Warren received his MBA from Harvard Business School and hisBachelor of Commerce degree from Queen’s University where he was the class valedictorian. He is also a licensed CharteredAccountant.

Warren currently serves on the Board of the general partner of Emerge Energy Services LP, Atwood Holdings, American CivilConstructors, Zelenka Farms, Versatile Processing Group Holdings, Plasman Group, Flanders, Material Sciences, MicrossComponents, MB Precision Holdings, Dustex Holdings, and Panolam.

Eliot KerlinPartner

Eliot is a Partner at Insight Equity. Prior to Insight Equity, Eliot served as Turnaround Manager for Bay State Paper Companywhile the company was in Chapter 11. Previously, Eliot was an Associate at Jupiter Partners, a New York-based private equityfund. While at Jupiter, he worked extensively with portfolio company management teams, evaluated numerous potentialtransactions and executed over $350 million of portfolio company re-financings, add-on acquisitions and leveraged buy-outs.

Before joining Jupiter, Eliot was an investment banker with Merrill Lynch in their global communications group in New York.While with Merrill, he was involved in executing over $35 billion of strategic acquisitions and debt and equity financings.

Eliot graduated with honors from Texas A&M University where he received a BBA in Finance. Eliot completed his MBA atHarvard Business School, where he graduated with Distinction.

Eliot currently serves on the Board of the general partner of Emerge Energy Services LP, Atwood Holdings, American CivilConstructors, Zelenka Farms, Plasman Group, Flanders, Material Sciences, Micross Components, MB Precision Holdings,Dustex Holdings, and Panolam. He also serves on the Board of Directors of the Dallas/Fort Worth Chapter of the Associationfor Corporate Growth, the DFW Private Equity Forum, Casa Del Lago, and was formerly a director of the BraveLove and thePrison Entrepreneurship Program.

Jack WaterstreetPartner

Jack is a Partner at Insight Equity. Prior to joining Insight Equity, Jack was an Associate at Brockway Moran & Partners, a middlemarket private equity firm with approximately $1.3 billion under management. While at Brockway Moran, Jack evaluated andexecuted numerous investment opportunities across a wide range of industries as well as worked extensively with portfoliocompany senior management teams. Prior to Brockway Moran, Jack was an Analyst with Harris Williams & Co. where heprovided sell-side advisory services for several M&A transactions.

Jack received a MBA with Honors from the Kellogg School of Management at Northwestern University. Jack was alsovaledictorian of his class at Babson College, where he earned a BS in Business Management, Summa Cum Laude.

Jack currently serves on the Board of Directors for Material Sciences, Versatile Processing Group Holdings, and Zelenka Farms.He also sits on the Board of Overseers of Babson College.

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Andrew BoisseauPrincipal

Andrew is a Principal at Insight Equity. Prior to joining Insight Equity, Andrew was an Associate at Harren Equity Partners, aprivate equity firm with approximately $250 million under management. While at Harren, Andrew was involved in all aspects ofdeal sourcing, evaluation and execution as well as portfolio company management. Previously, Andrew was as an investmentbanking Analyst in the industrial group of Deutsche Bank Securities in New York.

Andrew received an MBA with Distinction from the Kellogg School of Management at Northwestern University. While atKellogg, Andrew was a Summer Associate at Wind Point Partners, a private equity firm with approximately $2 billion undermanagement, where he assisted with the acquisition of an industrial gas container manufacturer. He also graduated from theUniversity of North Carolina where he received a BSBA with Distinction.

Andrew currently serves on the Board of Directors for American Civil Constructors and Panolam.

Ben StolbachSenior Vice President

Ben is a Senior Vice President based in Insight Equity’s New York office. Prior to joining Insight Equity, Ben was an Associatewith AEA Investors, a New York-based middle market private equity firm with approximately $4 billion AUM. While at AEA,Ben was involved in all aspects of deal sourcing, evaluation and execution as well as portfolio company management across a widerange of industrial and services sectors. Prior to AEA, Ben was an investment banker in the New York office of Credit Suisse,where he worked in the Global Industrial & Services division.

Ben received his MBA from the Kellogg School of Management. He also graduated as a Morehead Scholar from the University ofNorth Carolina at Chapel Hill with a BS in Business Administration and a BA in History.

Ben currently serves on the Board of Directors for Dustex Holdings.

Dan DavidsonVice President

Dan is a Vice President based in Insight Equity’s New York office. Prior to attending business school, Dan was a Senior Associateat Insight Equity. Before joining Insight Equity, Dan was a Senior Consultant in the Corporate Finance, Turnaround andRestructuring Group of FTI Consulting. While at FTI, Dan provided strategic, operational and financial advisory services to avariety of clients in the automotive, manufacturing, agricultural and homebuilding industries.

Dan received his MBA from the Kellogg School of Management at Northwestern University. He also graduated Magna CumLaude from the University of Georgia with a BBA in Finance and Economics. Additionally, Dan is a CFA Charterholder.

Neal JainVice President

Neal is a Vice President at Insight Equity. Prior to attending business school, Neal was the Vice President of Strategy for MaterialSciences Corporation, an Insight Equity portfolio company. Previously, he was a Senior Associate at Insight Equity.

Before joining Insight Equity, Neal was an Analyst in the M&A group at Lazard Frères & Co., a financial advisory and assetmanagement firm. While at Lazard, Neal advised clients in the upstream, midstream, oilfield services, and transportation sectorson mergers, acquisitions, and capital structure.

Neal received his MBA from the Kellogg School of Management at Northwestern University. He also graduated Magna CumLaude from Rice University with a BA in Mathematical Economic Analysis and Statistics.

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Luke BatemanVice President

Luke is a Vice President at Insight Equity. Prior to attending business school, Luke was a Senior Associate at Insight Equity.Before joining Insight Equity, Luke was an Associate with Lone Star Investment Advisors. While at Lone Star, Luke executedmiddle market private equity transactions across a variety of industries. Luke was also responsible for monitoring two of LoneStar’s portfolio companies in the oilfield services and distribution industries. Prior to Lone Star, Luke was employed as anInvestment Banking Analyst with Greenhill & Co. (fka Cogent Partners).

Luke received his MBA from The Wharton School of the University of Pennsylvania. He also graduated from Harvard Universitywith an AB in Philosophy and a secondary concentration in Government.

Lauren ThomsonSenior Associate

Lauren is a Senior Associate at Insight Equity. Prior to joining Insight Equity, Lauren was an Investment Banking Analyst in theEnergy division of Raymond James and Associates. While at Raymond James, Lauren worked on numerous transactions,including sell-side and buy-side mergers and acquisitions, in addition to debt and equity financings.

Lauren graduated Valedictorian from Southern Methodist University with a BBA in Finance and a minor in Economics.

Fraser DesmondVice President

Fraser is a Vice President at Insight Equity. Prior to attending business school, Fraser was a Senior Associate at Insight Equity.Before joining Insight Equity, Fraser was an Analyst with Macquarie Capital, where he worked in the Restructuring and SpecialSituations Group. While at Macquarie, Fraser was involved bankruptcy filings, restructurings, and refinancings, as well asdistressed asset sales across a wide range of industrial and service sectors.

Fraser received his MBA from London Business School. He also graduated Cum Laude from the University of Notre Dame witha BBA in Finance and a second major in Mathematics.

Jeffrey ParentSenior Associate

Jeffrey is a Senior Associate at Insight Equity. Prior to joining Insight Equity, Jeffrey was a Financial Analyst at McColl Partners(now Deloitte), middle-market investment bank. While at McColl Partners, Jeffrey worked directly with senior partners in executingmiddle-market mergers, acquisitions, and leveraged buyouts, in addition to competing for potential investment banking mandates.

Jeffrey graduated Magna Cum Laude from Texas Christian University with a BBA in Finance and Accounting.

Blake BoardmanSenior Associate

Blake is a Senior Associate at Insight Equity. Prior to joining Insight Equity, Blake was an Investment Banking Analyst in theFinancial Sponsors Group of Wells Fargo Securities in New York. While at Wells Fargo, Blake was involved in the originationand execution of mergers, acquisitions, recapitalizations and refinancings for private equity clients and their respective portfoliocompanies.

Blake graduated Magna Cum Laude from Brigham Young University with a BS in Business Management.

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Ben Turk Associate

Ben is an Associate at Insight Equity. Prior to joining Insight Equity, Ben was an Investment Banking Analyst in the NaturalResources Group of Deutsche Bank in Houston. While at Deutsche Bank, Ben worked on a variety of M&A and financingtransactions across the oilfield services, exploration and production, midstream, and the refining and marketing sectors.

Ben graduated from the University of Notre Dame with a BBA in Finance, where he was a varsity punter and four year letterwinner for the Fighting Irish.

Hideko TachibanaAssociate

Hideko is an Associate at Insight Equity. Prior to joining Insight Equity, she was an Investment Banking Analyst at Credit Suisse,LLC in the Global Energy Group. While at Credit Suisse, Hideko worked on numerous transactions, including sell-side mergersand acquisitions and financing transactions across the power generation, regulated utility, and renewable sectors.

Hideko graduated Cum Laude from Harvard University with a BA in Economics where she was co-captain for the varsity tennisteam.

Paul PesekAssociate

Paul is an Associate at Insight Equity. Prior to joining Insight Equity, Paul was an Analyst in the Transaction Team of McKinsey& Company in Boston. While at McKinsey, Paul advised clients on transactions topics involving M&A strategy, divestitures,corporate transactions and merger management. Paul was also involved in managing McKinsey’s sell-side research priorities,including development of proprietary content, launch of client outreach initiatives and collaboration on client webinars that setrecord attendance for the firm.

Paul graduated Magna Cum Laude from Wheaton College with a BA in Mathematics and Economics, where he was a midfielderfor the varsity soccer team.

Mark TrouvilleAssociate

Mark is an Associate at Insight Equity. Prior to joining Insight Equity, Mark was an Investment Banking Analyst in the Industrialsand Diversified Group of RBC Capital Markets in New York. While at RBC, Mark worked on a variety of transactions includingmergers, acquisitions, and financings, as well as leveraged buyouts for financial sponsor clients.

Mark graduated from the University of Florida with a BS in Finance and a Master of Science in Finance.

Vincent SmithAssociate

Vince is an Associate at Insight Equity. Prior to joining Insight Equity, Vince was an Investment Banking Analyst in theIndustrials Group of Lazard Middle Market. While at Lazard, Vince worked on a variety of M&A engagements in the chemicals,transportation & logistics, and industrial technology industries, including both acquisition and sale processes.

Vince graduated from the University of Missouri with a BA in Economics, a BS in Business Management with an emphasis inAccountancy, magna cum laude, and a Master of Accountancy. Vince is also a Certified Public Accountant licensed in the State ofMissouri.

Chris WhiteDirector, Investor Relations

Chris White is the Director of Investor Relations for Insight Equity. He leads Insight Equity’s global fundraising, investorrelations, and consultant relations efforts. Mr. White has over 25 years of experience working with institutional investors and theconsultant community. His prior experience includes BNP Paribas, Montgomery Asset Management, AllianceBernstein, andFidelity Investments among others.

Chris holds a BS from Southeast Missouri State University.

Kevin is Insight Equity’s Chief Financial Officer. Kevin joined Insight Equity in 2007 and is responsible for the financialmanagement and administration of Insight Equity and its funds. He serves as a resource for portfolio company CFOs withrespect to finance, accounting and tax matters. Kevin also serves as the firm’s Chief Compliance Officer.

Kevin has over 12 years of experience in the alternative investment industry. Prior to joining Insight Equity, Kevin worked inpublic accounting at CF & Co., LLP in Dallas, Texas where he focused on financial services clients. Kevin received his BS fromthe University of North Texas in Accounting and is a Certified Public Accountant.

Kevin SlatonChief Financial Officer & Chief Compliance Officer

Rob ConnerGeneral Counsel

Rob serves as Insight Equity’s General Counsel. Rob has worked closely with Insight Equity on its legal matters since 2002 andjoined Insight Equity as its General Counsel in 2006. He is currently responsible for the management of legal matters for InsightEquity and its portfolio companies.

Prior to joining Insight Equity, Rob practiced law at a large international law firm. He received his JD magna cum laude from theSMU Dedman School of Law where he was a member of the Order of the Coif and received his BA from Abilene ChristianUniversity.

Tiffany DixonParalegal

Tiffany is a certified paralegal for Insight Equity. Tiffany directly assists the firm’s General Counsel in connection with themanagement of legal matters for Insight Equity and its portfolio companies. Her duties include, among others, assisting with theclosing of transactions, conducting legal diligence, assisting with compliance matters, conducting research, responding toinformation requests, and maintaining legal records.

Tiffany is a graduate of Southern Methodist University with a BS in Economics.

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Insight Equity Support Team

Lark RayburnPrivate Equity Coordinator

Lark is the Private Equity Coordinator at Insight Equity. She works directly with Insight Equity’s investment professionals toidentify and source transactions by managing the firm’s expansive deal contact database. Lark is also responsible for overseeingthe universe of deal opportunities Insight Equity monitors on a regular basis, as well as managing the flow of information to ourequity partners. In addition to these duties, Lark manages the day-to-day operations of the firm and assists the other professionalsto maintain an organized and efficient work environment. Lark provides administrative support to the office acting as the liaisonbetween the firm and outside parties.

Prior to working with Insight Equity, she worked as an Officer Manager for USA patch, a uniform patch company, where shemanaged the operations of the office including all communications, orders, payments and sales.

Lark graduated from The University of Oklahoma with a BS in Journalism with an emphasis in Public Relations.

Alison GrimesController

Alison serves as the Controller for Insight Equity. Alison works directly with the firm’s Chief Financial Officer in connectionwith the management of internal accounting operations, budgetary analysis, and financial reporting. She also supports the firm’sregulatory compliance efforts. Prior to joining Insight Equity, Alison was an Assistant Controller for Kainos Capital (formerly HMCapital) where she was responsible for accounting and financial reporting. Prior to Kainos, Alison worked in public accounting asan audit professional at Deloitte.

Alison received her BS in management and accounting from Tulane University and she is a Certified Public Accountant.

Brecht AllredDirector, Marketing & Resources

Brecht is the Director of Marketing and Resources at Insight Equity. Brecht is responsible for marketing the firm to the broader M&A and investor communities, including Insight Equity press releases, marketing materials, website content, company events, and recruiting efforts. In addition to these duties, Brecht manages the operations infrastructure and technology needs of Insight Equity’s headquarters in Southlake, Texas and the firm’s New York City office.

Prior to working with Insight Equity, Brecht worked as an Events Coordinator with the Gerson Lehrman Group, a financialconsulting firm, where she managed their calendar of professional meetings and events for GLG’s clients.

Brecht graduated from the University of Texas at Austin with a BS in Corporate Communication and a minor in Sociology.

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Insight Equity Support Team

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