Southlake, Texas - January 22, 2014- Insight Equity Holdings LLC (“Insight Equity”) is pleased to announce that Emerge Energy Services LP (NYSE:EMES) was the top performing energy Master Limited Partnership (“MLP”) initial public offering (“IPO”) and had the highest unit price appreciation of any energy MLP in 2013, according to Bloomberg data. EMES is a growth-oriented limited partnership formed by Insight Equity that engages in the businesses of mining, producing, and distributing silica sand; a key component for the hydraulic fracturing of oil and gas wells. EMES also processes transmix, distributes refined motor fuels and biodiesel, operates bulk motor fuel storage terminals, and provides complementary services.
Since its IPO on May 8, 2013, EMES has returned more than 160% to its investors. EMES is currently trading above $44.00 per unit, more than double its IPO price of $17.00 per unit in May of 2013. Insight Equity controls 49% of the 23.2 million outstanding EMES units, which have a total market capitalization of approximately $1 billion.
About Insight Equity
Insight Equity 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.