SOUTHLAKE, TX, and NEW LISBON, WI – Insight Equity I L.P. ("Insight"), the Dallas, Texas‐area private equity firm, has completed a $130 million refinancing of Walker Group Holdings LLC that included a dividend to shareholders. The new facility is comprised of $75.0 million of senior and $55.0 million of second lien capital. North Fork Business Capital acted as sole lead administrative agent for the senior portion of the facility. LBC Credit Partners acted as sole lead administrative agent for the second lien portion of the facility. Insight has completed dividend recapitalizations of three of its portfolio companies in the last 30 days.
About Walker Group Holdings
Walker Group, founded in 1943, is a premier provider of high quality custom manufactured stainless steel equipment for the dairy, pharmaceutical and ethanol industries. The Walker Group is headquartered in New Lisbon, Wisconsin. The company operates in four major business areas: Walker Transportation, Walker Engineered Products, Walker Barrier Systems, and Extract Technologies. The Walker Group maintains four manufacturing facilities in New Lisbon and Elroy, Wisconsin, in Tavares, Florida and in Huddersfield, U.K. The company has more than 1,200 employees.
About Insight Equity
Dallas‐based Insight Equity makes controlling investments in strategically viable, middle market, asset intensive companies across a wide range of industries. Insight specializes in partnering with companies experiencing some level of underperformance. Insight also seeks complex and challenging situations, including corporate divestitures, bankruptcies, restructurings, and private family ownership. The firm leverages a proven collaborative value creation model to facilitate operational enhancements and growth.