Insight Equity Buys Micross Components

Dallas-based buyout shop Insight Equity Holdings has acquired Micross Components Inc., a maker of semiconductor products, from Vance Street Capital. Terms were not disclosed.

PRESS RELEASE

An affiliate of Insight Equity Holdings LLC (“Insight Equity”), the Dallas, Texas-area headquartered private equity firm, is proud to announce its acquisition of Micross Components, Inc. (“Micross”) from Vance Street Capital LLC. Micross is a leading provider of specialized semiconductor products and value-added services, including bare die and wafer processing and custom packaging, for mission critical, high-reliability (“hi-rel”) applications in a variety of end-markets. Such hi-rel applications include missile and unmanned aerial vehicle guidance systems, satellites, implantable medical devices and down-hole drilling sensors, among others. Micross serves established platforms in defense, commercial aerospace and space, as well as emerging applications in oil & gas, medical, and telecommunications. Micross has a 30+ year heritage, is headquartered in Orlando, FL, and has operations in both the US and the United Kingdom.

Brad Buser, a Vice President at Insight Equity who led the transaction team, stated, “We look forward to working together with the Micross management team to build on Micross’ strong position in its multiple end markets and to grow the business through a continued focus on providing exceptional products and services and pursuing strategic add-on acquisitions.”

“We are very happy to partner with Insight Equity,” remarked Alan Taylor, CEO of Micross. “Together with Insight Equity, we look forward to strengthening the depth and breadth of our product offering and increasing our levels of customer service and overall market leadership. This is a very exciting time to be with Micross.”

Victor Vescovo, COO & Managing Partner at Insight Equity, commented, “We are thrilled to invest in this important and growing industry niche and look forward to partnering with Micross’ strong management team. We believe our hands-on collaborative approach and our team members’ historical experience in aerospace and defense will allow us to complement the Micross team in several areas.”

About Micross Components

Micross Components is a leading global provider of specialty electronic components for military, space, medical, and demanding industrial applications. Operating as a single source for high-reliability and state-of-the-art electronics, Micross’ solutions range from bare die and wafer processing to advanced and custom packaging to component modifications and related interconnect offerings. With a 30+ year heritage, Micross possesses the design, manufacturing and logistics expertise needed to support an application from start to finish. Micross is headquartered in Orlando, FL and has additional US and UK locations. For more information, visit www.micross.com.

About Insight Equity

Insight Equity (www.insightequity.com) is a private equity firm that makes control investments in strategically viable, middle market companies underperforming their full potential. Insight Equity’s experienced principals have acquired and managed businesses with over $4B in aggregate revenue since 1998. The firm leverages a proven collaborative value creation model to facilitate operational improvements leading to significant cash generation, growth and attractive investor returns. Insight Equity’s headquarters is located near the Dallas / Ft. Worth International Airport in Southlake, Texas. The firm also has an office in New York City.

About Vance Street Capital

Vance Street Capital is a Los Angeles-based private equity firm that makes control investments in companies with enterprise values up to $200 million. Preferred industries include aerospace and defense, medical components and devices, precision industrial manufacturing and business services. For over two decades, Vance Street’s partners have worked with management, family owners and other co-investors to accelerate revenue growth, improve operations and acquire strategic assets for the companies in their investment portfolio.

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