Versatile Processing Group, a portfolio company of Insight Equity Holdings, has purchased substantially all of the assets of Environmental Management Systems. No financial terms were disclosed. Based in Phoenix, Arizona, EMS is a transformer and electrical equipment recycling company.
SOUTHLAKE, Texas and PHOENIX, Arizona – July 24, 2013 – Insight Equity Holdings LLC (“Insight Equity”), the Southlake, Texas headquartered private equity firm, is proud to announce that its portfolio company Versatile Processing Group, Inc. (“VPG”) has acquired substantially all of the assets of Environmental Management Systems (“EMS”). EMS is a leading transformer and electrical equipment recycling company serving the needs of various utilities across the Western US. EMS operates out of a single location in Phoenix, Arizona.
Rob Van Vliet, CEO of VPG, commented, “EMS has strong technical capabilities in recycling transformer oil and we look forward to building synergies and creating new value with them.”
“We are pleased to expand both VPG’s oil processing capabilities as well as its ability to serve customers in the Western US. We look forward to continuing to grow VPG both organically and through other potential acquisitions,” remarked James Jackson, a Vice President at Insight Equity.
Victor Vescovo, COO & Managing Partner at Insight Equity, noted, “VPG’s acquisition of EMS is core to our investment thesis and will help VPG become one of the premier providers of utility transformer services nationwide. We are proud to have EMS as part of VPG.
About Versatile Processing Group
VPG (www.vpg-inc.com) is a leading processor of industrial non-ferrous metals servicing the manufacturing, electric utility, and metal recycling industries, including providing the industry’s most comprehensive repair, refurbishment, and decommissioning services for electrical utility equipment. VPG is headquartered in Indianapolis, Indiana and serves customers nationwide from its facilities in Defuniak Springs, Florida; Des Plaines, Illinois; Nabb, Indiana; and Wills Point, Texas.
About Insight Equity
Insight Equity (www.insightequity.com) makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight Equity specializes in partnering with companies in complex and challenging situations, including corporate divestitures, aggressive growth opportunities, restructurings, and transitions from private family ownership. The firm leverages a proven, collaborative value creation model to facilitate operating enhancements and growth. 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.